Ford Recalls 35,000 Mustang Mach-Es Over Battery Issue After NHTSA Probe
Portfolio Pulse from Anan Ashraf
Ford Motor Co is recalling approximately 35,000 Mustang Mach-E vehicles due to a high-voltage battery contractor issue that can lead to overheating and power loss. The company will replace the high-voltage battery junction box in affected vehicles at no cost to the customer. This recall follows an investigation by the National Highway and Traffic Safety Administration into a similar issue that led to the recall of nearly 49,000 Mach-E vehicles in June 2022.
October 19, 2023 | 6:27 am
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Ford's recall of 35,000 Mustang Mach-E vehicles due to a battery issue could potentially impact the company's reputation and financials in the short term.
Recalls often lead to increased costs for the company, both in terms of the direct costs of fixing the issue and potential lost sales due to reputational damage. Given that this is the second recall for a similar issue, it could also raise concerns about the quality of Ford's products, which could impact sales and the company's stock price in the short term.
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