On my 2002 the ignition switch was hanging up causing a similar situation. A shot of WD40 into the key hole cleared it up, over a year ago.
The key being in the "on" position itself. As for rapid battery drain, you could have a bad battery or there could be a loose connector. Source: Personal experience
Either you won't get enough voltage, and the car will stop once your battery is discharged, or you'll get excessive voltage, and you could end up actually overloading the battery and causing it to rupture, starting a fire, etc.
usual symptons are dead battery or under-charged battery causing starting problems
Leaking from where on the battery, the caps? If so the charging system may be over charging the battery and causing the acid to boil out. Could be a voltage regulator problem.
It depends on the voltage you wish to use - if the voltage is, say 12 volts (and matches exactly), you could place in parallelel for 12 volt output, and the ability to serve more current. If you want 24 volts, put them in series. If you do place them in parallel, note the 28Ah battery will discharge sooner than the 40Ah, causing the 28Ah battery terminal voltage to drop, which will cause the 40Ah battery to attempt to charge the 28Ah battery up to the full voltage again.
The low voltage light should come on if you have a bad alternator. Without a good alternator, the battery will die causing the low voltage.
It may be that your alternator is overcharging and causing the the battery acid to expand and blow out the filler cap vents. Use a volt meter to check the charging system when running. It should be in the area of 13.8 to 14.2 volts max. If the voltage exceeds these values, the voltage regulator may be deffectivie or the alternator could also be defective.
In high voltage situations, a capacitor bank stores a charge of electric, similar to a battery, so that when a sudden large draw is put on the line, thus causing the voltage to drop, it will do a temporary release of stored energy into that line causing the sustained energy level to be more stabilized.
Might be a defective voltage regulator (not opening circuit on shut-down) Or a bad stator. (if the battery doesn't charge at all.) Or an electrical short.
Something is wrong in the 94 Taurus reverse light circuit. There is probably a short causing the battery voltage to drop when the car is in reverse.
All that would be left would be a short in the wiring to the alternator.
The battery gauge in a vehicle will move when you use your power mirrors as your causing a small drain on the battery & lowering the voltage slightly. The effect is normally only really visible when the engine is not running.