Chris-PA
Where the Wild Things Are
A project such as that is rarely the result of just one factor. However, the entire Pinto development project was 22 months, introduced in September 1970, which means it was started in November 1968. It used German and UK Ford engines as there wasn't time to develop a new one. This was what had happened to US oil production:That's just so wrong... it wasn't in response to 70's oil prices. The Vega, Pinto and Gremlin were all conceived, developed, tested and built during the 60's. In 1959 the price of a barrel of oil was $3.00, in 1970 when these cars were introduced it was $3.39... but adjusting for inflation the price of oil had gotten cheaper during that period ($24.07 / $20.43).
Oil prices had absolutely nothing with the making of those cars... NOTHING‼ That's some sort of urban myth... or flat plain propaganda.
It was nothing but competition and market share that drove the production of those cars... first there was the VW, but Toyota and Datsun both announce they'd be entering the US market during the 60's (Toyota appeared in '68, Datsun in '70).
The oil crisis of '73-'74 had an impact on the 1976 model year... but it wasn't even a a dream before that.
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The Vega program was 24 months, introduced at the same time. The Gremlin was just a re-bodied Rambler.