41. The Rise and Fall of the Ford Edsel
Year: 1955
Location: Michigan
Company: Ford
Estimated Damage Value: $350 million*
Ford, a stalwart in the car industry, wasn’t spared from failure. In the 1950s, the company invested heavily in the Edsel, expecting it to be a triumph. Unfortunately, this dream never materialized, marking a rare miss for the giant.

A mere four years into production, the Edsel was terminated. Despite a hefty investment exceeding $350 million, the venture ended in a significant financial setback for Ford. The line’s quiet discontinuation in 1960 exemplified a costly misstep.