Moonshot AI Executives Seek Settlement Ahead of Hong Kong IPO 
Epic Games Delays Disney Shooter, Shifts to AI-First Development 
Philippines Current Account Deficit Seen at $19.1 Billion in 2026 
S&P 500 Rally Masks Losses for Over 40% of Stocks in 2026 
Wells Fargo Expands Stablecoin Plans With 20 Major Banks 
Samsung, SK Hynix Shares Plunge as China Chip Competition Grows 
Bank of America Hit With $1.2 Billion Fine Over Money Laundering Failures 
CVS Pharmacy Agrees to $315 Million Opioid Settlement 
Trezor Cuts Reseller Network After Ledger Security Breach 
PepsiCo Slashes Poppi Earnout Valuation as Growth Slows 
Albertsons Seeks $9.3 Billion From Kroger Over Failed Merger 
Asian Stocks Plunge as AI Chip Selloff Hits South Korea and Japan 
Oil Prices Fall as Trump Ceasefire Claim Shifts Market Focus to U.S. CPI 
Canton Network Expands Wall Street Reach With Ripple Integration 
Nvidia’s China AI Chip Market Share Falls to 34% as Huawei Gains Ground 
IMF Maintains 2027 Global Growth Forecast at 3.4% Amid Rising Risks 
Add as a preferred source on Google
Ford Motor will stop selling its electric Mustang Mach-E crossover units after finding some potential safety issues. It was announced that the safety defect may cause the EV to become immobile.
On Monday, June 13, Ford Motor released a notice addressed to its authorized dealers, and they were informed that some of the Mustang Mach-Es from 2021 and 2022 model years are possibly affected by the flaw. The company added that these EVs were built from May 27, 2020, to May 24, 2022, at Ford’s Cuautitlan facility in Mexico.
According to CNBC, the given dates of production is essentially the time when Ford Motor started building the electric Mustang Mach-E crossovers. Then again, it is not clear if the carmaker recalls all of the almost 100,000 units that were produced at that time.
The defect involves the possibility that the electric Mach-E’s high voltage battery’s main contactor may overheat. This part is an electrically controlled switch for the vehicle’s power circuit.
This problem may cause the car to malfunction and not start. Another possibility is that the car may suddenly lose propulsion power while on the road. This latest recall is said to be noteworthy because auto companies, including Ford Motor itself, are having issues with launching new models of EVs due to the costs of covering the warranty and recalls that follow.
Ever since Ford Motor released its Mach-Es, it has already issued several recalls based on the records posted on the US National Highway Traffic Safety Administration’s website. The defects range from loose bolts to overheating batteries and to software errors that cause various problems in the operation of the car.
Ford Motor has yet to find a solution to Mach-Es latest safety defect but expects for this to be solved by the third quarter of this year. Owners of the affected Ford Motor Mustang Mach-E will be notified through email.
As mentioned by Motor Illustrated, owners will be given instructions on how their vehicles will be repaired and if parts replacement is needed. In the meantime, Ford Motor will halt pre-orders, orders, and deliveries of the Mach-Es until the defect is fixed.
