Ford is known to be one of the valuable vehicle brands with a net worth of $47.47 Billion in 2022. The revenue generated is $34.5 billion in the first quarter.
The company is identified for designing, manufacturing, marketing, and services cars, trucks, sport utility vehicles, and Lincoln luxury vehicles.
In the recent press news on March 24, 2022, Ford is expected to produce 1.2 million electric vehicles using Volkswagen’s platform, MEB (Modular Electric Toolkit). Ford released its first battery-electric crossover SUV model with the MEB platform.
The partnership announced in 2019 includes a $2.6 billion investment by Volkswagen in Argo AI, which has been backed by the Ford self-driving startup in Pittsburg.
“Profitability and speed are now crucial for finally achieving the breakthrough of e-mobility in Europe. We are tackling both together with Ford.” Thomas Schmall, Volkswagen Group Board of Management member for Technology and CEO of Volkswagen Group Components.
“Our strategic alliance with Volkswagen is an important element of Ford’s commitment to offering an all-electric range of vehicles that are uniquely Ford and designed to meet the mobility needs of a modern Europe that is leading the fight against climate change.” Stuart Rowley, Chair of Ford of Europe.
Despite such marvelous as well as in-depth partnerships in the automotive industry never seen before seems to worry with the current scenario of Ford recalling more than 3 million vehicles.
As per the released news, Ford recalled 49,000 Mustang Mach-E electric vehicles, and 2.9 million cars, including Escape, C-Max, and Fusion models. The reason is the technical issues with overheating of the Mach-E batteries contactors. Hence, power loss or inability of the cars to start.
In Fusions and Escapes, transmission problems were noticed for rollaway crashes.
The major issue of battery overheating has not yet been seen in other key automobile manufacturers and also not in the latest Tesla. The challenge of compensating for the overheating issues can turn the game for automobile manufacturers.
The overheating issues are present in smartphones and even in laptops. The use of a cooling pad for laptops. The use of smartphones is reduced once the battery gets heated up. But the casualty is very less, almost insignificant with the current advancement in electronic gadgets.
It is yet to be seen, how far the auto manufacturers can pull it off? Or even the complete safety of the electric vehicles. The problems of overheating in batteries persist in electronic gadgets. The heating issues have not yet found a permanent resolution other than using external sources to tackle them.
Are we safe with electric battery vehicles? Are we advanced enough to ride in a purely electric-driven vehicle?