Ford cuts prices on electric Mustang Mach-E, following Tesla's lead
Publishing timestamp: 2023-01-30 10:55:49
Summary
Ford Motor is increasing production and cutting prices of its electric Mustang Mach-E crossover, following Tesla's lead. The price cuts mean not all Mach-E models will be profitable on a per-unit basis, but Ford expects to offset some of the profit shrink with cost improvements. Ford is also offering special rates with Ford Credit for Mach-E vehicles ordered between Jan. 30 and April 3.
Sentiment: POSITIVE
Keywords: technology, autos, transportation, business news, detroit, breaking news: business, electric vehicles, tesla inc, business, ford motor co,
Source: https://www.cnbc.com/2023/01/30/ford-mustang-mach-e-price-cut.html