Utilitarian Analysis The Case of the Ford Pinto The Ford Pinto first rolled off the Ford Motor Co. production lines in 1971 and stayed in production in its original state until 1978. The vehicle engineers were tasked to develop the vehicle and put it into production within 25 months‚ which was nearly half the time in which the average new vehicle is put into production. The Ford engineers were aware that rear-end impact safety tests were pretty standard at the time‚ but they were not required
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Executive Summary Tire City‚ Inc. has petitioned MidBank for a loan in order to expand their business‚ and build a new warehouse. Through the financial statement reporting and the numbers that have been presented to me‚ I believe that this is a sound investment. The growth percentage of 20 percent per year is conceivable‚ if business stays as it currently is. The amount of debt that would need to be financed for this expansion is palatable‚ and well within the normal ranges for these sort of projects
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The Ford Pinto Case In the late 1960’s Ford Motor Company wanted to produce a small model car to compete with small Japanese and German imports like Volkswagen‚ Datsun and Toyota (Danley). In 1969 Ford’s Board approved the plan to produce the Pinto. The CEO‚ Lee Iacocca‚ wanted a car that was low weight‚ under 2‚000 pounds‚ and low cost‚ under $2‚000. Lee “Iaccoca imposed the 2000/2000 rule‚ i.e.‚ the Pinto could weigh no more than 2000 pounds and cost no more than $2000” (Danley). The engineers
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1. Case Introduction Somebody ought to stock a few of every tire‚ sell them over the phone‚ and ship them‚ thought Mike Joines when he had trouble finding the right performance tires for his sports coupe. Joines approached his father-in-law‚ Peter Veldman and help him open a retail tire store. After seven years‚ they were making so may phone orders; they closed the store and added phone lines. Veldman now is president and patriarch of Tire Rack‚ a family-owned Internet and
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CASE STUDY #2 FORD MOTOR COMPANY by A Ford Motor Company - Supply Chain Strategy TABLE OF CONTENTS Part I. Executive Summary Part II. Issues Identification Part III. Alternative Options Part IV. Recommendation Part V. Implementation Part VI. Conclusion
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Introduction: Tradeway Tire Co. is a major supplier of tires for OEM‚ replacement tire markets and private brands having almost 9000 employees in North America (Skinner & Beckham‚ 2008). Background Tradeway’s Lima plant in Ohio is the only one current operating manufacturing plant in North America. There was also one more plant in Greenville‚ but it was closed in 2006 due to financial reasons (Skinner & Beckham‚ 2008). Problem: The major problem with the Tradeway’s Tire Lima Plant was facing the
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How Ford Will Do in 2016? The recently completed year 2015 was a mixed bag for the global automobile industry in terms of sales as well as profitability. The first three quarters of the year of the year caused the automakers to worry about the future returns from their recent and on-going investments in key markets like China‚ Asia Pacific‚ Europe and even the US itself. But results for the two reported months of the fourth quarter have revived the hopes that the New Year would turn out to be a great
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Bartholomeu Dias‚ the explorer for Portugal‚ planned to head an expedition in search of a sea route to India.Though‚ at the end of his voyage he only became the first sail to the tip of Africa. This‚ landing has only created a new name for the Cabo das Agulhas and the cape Cabo das Tormentas for his country. Dias had a voyage that inspired explorers to try a faster or better route to travel‚ which lead to the discoveries of newer lands;also‚ this voyage helped encourage inventors and scientists to
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Case Study: Ford Pinto MGT/216 07/17/20 Case Study: Ford Pinto Abstract In 1971‚ Ford Motor Company (FMC)‚ on the advice of then vice-president Lee Iacocca‚ introduced the first subcompact vehicle‚ the Ford Pinto. After production had begun and the release of the Pinto in the United States‚ Ford discovered a defect in the design on the fuel system; the gas tank was placed in the rear of the vehicle. This error could cause the vehicle to explode on low speed rear end collisions due to a
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THE FORD PINTO CASE: THE VALUATION OF LIFE AS IT APPLIES TO THE NEGLIGENCE-EFFICIENCY ARGUMENT Christopher Leggett Law & Valuation Professor Palmiter Spring‚ 1999 Abstract Text of Paper -------------------------------------------------------------------------------- Abstract The cases involving the explosion of Ford Pinto’s due to a defective fuel system design led to the debate of many issues‚ most centering around the use by Ford of a cost-benefit analysis and the
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