Ford Motor Company (NYSE: F)* effectively abandoned its Electric Vehicle strategy this week in an attempt to stop the hemorrhaging of billions of dollars in shareholder money. Ford announced a series of actions to improve its so-called Ford+ plan, reassigning capital to meet what it described as customer demand and drive profitable growth. Ford will write off $19.5 Billion as it attempts to do this.
“This is a customer-driven shift to create a stronger, more resilient and more profitable Ford,” said (claimed?) Ford president and CEO Jim Farley. “The operating reality has changed, and we are redeploying capital into higher-return growth opportunities: Ford Pro, our market-leading trucks and vans, hybrids and high-margin opportunities like our new battery energy storage business.” Continue reading
Honda Recalls 2025 CR-V Fuel Cell EVs
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American Honda Motor Co. (NYSE: HMC) is recalling 388 Honda 2025 model-year CR-V Fuel Cell EV vehicles.* Coolant inside the fuel cell stack may leak into the fuel cell stack case, causing an internal short circuit. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 305, “Electric-powered vehicles: Electrolyte Spillage and Electrical Shock Protection.” [Unlike most automakers, Honda made the filing public via press release before the National Highway Traffic Safety Administration (NHTSA) made it public, usually on Monday mornings. – AutoCrat.]
“The fuel cell stack coolant leak can occur as a result of two potential causes: (1) insufficient verification during a process change to reduce the amount of adhesive sealant resulted in unfilled areas, shortened adhesive length, and reduced sealing performance of the FC stack assembly end joint, and (2) the supplier (Fuel Cell System Manufacturing Brownstown Township, MI) failed to establish a deburring process for the O-ring groove of the wobble joint, resulting in burrs which reduced sealing performance. Continue reading →