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Apollo Q4 2025 Earnings Rocket: Historic AUM Breakthrough 44 minutes ago Anavex Q1 2026 Earnings Rise: Breakthrough Drug Nears 2 hours ago Dynatrace Shares Rise After Q3 Fiscal 2026 Results Beat Guidance 5 hours ago Eli Lilly and Company (LLY) to acquire Orna Therapeutics 7 hours ago Earnings Summary: Becton, Dickinson and Company Q1 FY26 adjusted earnings decline 15% 7 hours ago Earnings Summary: Highlights of Apollo Global Management’s (APO) Q4 FY25 report 8 hours ago Earnings Summary: Loews Corporation reports sharp increase in Q4 FY25 profit 9 hours ago Plains All American weakens as NGL divestiture and cost cuts frame muted 2026 growth 11 hours ago Plains All American Streamlines, Targets Crude Growth Amid NGL Exit 11 hours ago Operational Efficiency Powers MGY to Historic Production and Dividend Lift 12 hours ago Apollo Q4 2025 Earnings Rocket: Historic AUM Breakthrough 44 minutes ago Anavex Q1 2026 Earnings Rise: Breakthrough Drug Nears 2 hours ago Dynatrace Shares Rise After Q3 Fiscal 2026 Results Beat Guidance 5 hours ago Eli Lilly and Company (LLY) to acquire Orna Therapeutics 7 hours ago Earnings Summary: Becton, Dickinson and Company Q1 FY26 adjusted earnings decline 15% 7 hours ago Earnings Summary: Highlights of Apollo Global Management’s (APO) Q4 FY25 report 8 hours ago Earnings Summary: Loews Corporation reports sharp increase in Q4 FY25 profit 9 hours ago Plains All American weakens as NGL divestiture and cost cuts frame muted 2026 growth 11 hours ago Plains All American Streamlines, Targets Crude Growth Amid NGL Exit 11 hours ago Operational Efficiency Powers MGY to Historic Production and Dividend Lift 12 hours ago
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Market News

Ford is recalling 50,000 electric and hybrid vehicles

Faulty charging cables that catch fire on overheating have forced Ford Motors (F) to recall over 50,000 of its electric and plug-in hybrid vehicles. The recall includes 49,197 vehicles in the US and 1,327 vehicles in Canada. The company said no injuries or fatalities have been reported so far due to these defects. Electric vehicles […]

August 23, 2018 2 min read

Faulty charging cables that catch fire on overheating have forced Ford Motors (F) to recall over 50,000 of its electric and plug-in hybrid vehicles. The recall includes 49,197 vehicles in the US and 1,327 vehicles in Canada.

The company said no injuries or fatalities have been reported so far due to these defects.

Electric vehicles stand a risk of catching fire in the plug area when they are charged using the non-standard plug. Meanwhile, plug-in hybrid vehicles can catch fire if the power supply cable is not properly secured, causing the nut to be cross-threaded.

To replace the faulty ones, Ford will issue a new cable with the thermistor that monitors the temperature levels at the plug or outlet interface. When overheating occurs, the thermistor stops charging until the heating becomes steady.

Picture Courtesy: Ford

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Ex-Ford chief for Tesla?

Drawing similarities with the crisis at Ford in mid-2000s, and then-CEO Alan Mulally’s acclaimed revival of the company, Bloomberg reported that Tesla (TSLA) is at a similar juncture. It suggests that Mulally is considered for the top post, while Elon Musk handles the chief innovator position and also remain the executive chairman.

The report also hints that Mulally may consider the offer if Musk actually sends him one.

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