The Edsel Fails
Ford has become a leader in the automotive industry. However, the company isn’t immune to loss. Back in the ‘50s, designers and engineers labored to create the Edsel, which they believed was destined for greatness. Just four years after into production, however, the brand was discontinued. Ford poured hundreds of millions into the line and scored a loss of more than $350 million. In the ‘60s, Edsel went away with little fanfare.
The Edsel Fails
The Prestige Sinks
Oil spills can be extremely dangerous, but their environmental impact is something else completely. While arrying more than 77,000 tonnes of heavy fuel oil, the Prestige was struck by disaster off the Spanish coast in 2002. One of the tanks burst because of the storm, and without permission to come in, the Prestige ended up sinking. Subsequently, more than 17.8 million gallons of fuel went into the water, which killed wildlife and virtually annihilated the local fishing industry. Cleanup cost more than $2.8 billion.
The Prestige Sinks
