Ford is cutting prices and increasing production of its electric Mustang Mach-E crossover as competition in the EV market intensifies
Ford Motor Co. said it is boosting production and cutting prices of its electric Mustang Mach-E crossover, a move that comes weeks after Tesla Inc.The Dearborn, Mich.
, auto maker said its supply chain for its electric vehicles is coming online and it is seizing on streamlined costs to lower prices. Ford also said the price cuts are a part of the company’s plan to keep the vehicle competitive in a “rapidly changing market.”
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