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Chinese EV giant BYD set for surge in 2022 profit as sales jump

Ford to cut prices of Mustang Mach-E, raise production levels

WikiFX

| 2023-01-30 21:52

Abstract：(Reuters) -Ford Motor Co said on Monday it was cutting prices of its electric crossover SUV Mustang Mach-E by as much as $5,900 per vehicle, weeks after rival Tesla Inc slashed prices globally on its electric vehicles by as much as 20%.

(Reuters) -Ford Motor Co said on Monday it was cutting prices of its electric crossover SUV Mustang Mach-E by as much as $5,900 per vehicle, weeks after rival Tesla Inc slashed prices globally on its electric vehicles by as much as 20%.

Shares of Ford were down 2.6% before the bell.

The automaker also said it was “significantly” raising Mach-E production.

(Reporting by Aishwarya Nair in Bengaluru; Editing by Krishna Chandra Eluri)

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