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...Ford is reducing production of the F-150 Lightning, the electrified version of its best-selling pick-up truck, and this week it slashed prices on the Mustang Mach-E SUV....
...All of the top-10 selling US EVs in the country have discounts, including $5,000 from Tesla for its Model 3 or Model Y cars, and more than $8,000 for the Ford Mustang Mach-E and the Hyundai Ioniq 5....
...Ford previously lowered prices of its Mustang Mach-E after Tesla cut its own prices in January. Those cuts have contributed to rising sales for both automakers....
...While Ford’s first electric car, the Mustang Mach-E, was well received by motoring audiences, it was made using the base from an existing petrol model, rather than taking a ground-up approach....
...River, which divides the US and Canada, that make engines for the Mustang and the company’s bestselling F-series trucks....
...Ford responded by cutting prices for its flagship electric SUV, the Mustang Mach-E, only to have Tesla then discount its Model S and Model X vehicles in March....
...That includes cutting some production of the Mustang Mach-E and delaying construction on one of two joint-venture battery plants planned in the state of Kentucky....
...Ives said the Mustang Mach-E is a direct competitor with Tesla’s Model Y SUV and Ford’s price cuts were a direct response to those of its EV rival....
...Ford owners will receive access next spring via an adapter that converts the electric connectors in Tesla’s Superchargers for use in Ford’s Mustang Mach-E or F-150 Lightning pick-up trucks....
...The EV business, known as Model e, reported a $900mn loss in 2021 which rose to $2.1bn in 2022 as it accelerated production of models such as the Mustang Mach-E....
...This prompted Ford to price its Mustang Mach-E between $46,000 and $64,000....
...And it already has significant racing programmes with other models, from Mustang track racing to the off-road “King of the Hammers” series in the US and its World Rally Championship team with Puma....
...Norway accounts for almost a quarter of the electric Mustang Mach-e models Ford sold in the region last year....
...For months, the Ford dealership in the North Hills neighbourhood of Los Angeles sold the electric Mustang Mach-E at a mark-up, citing huge demand....
...The Explorer will be built at Ford’s Cologne plant, the first electric car that the company will manufacture in the region. It currently imports the Mustang Mach-E from Mexico....
...Ford idled the factory producing its Mustang Mach-E for improvements during the first quarter and also stopped production of the electrified version of its popular F-150 truck after a battery in one of the...
...In the US, Hyundai was discounting the Ioniq 5 by $9,400, while Ford cut $6,700 from the price of a Mustang Mach-E, whose buyers separately qualify for a partial EV tax credit....
...Tesla’s best-selling crossover sport utility vehicle Model Y directly competes against Ford’s Mustang Mach-E....
...Ford and CATL agreed last year that the Mustang Mach-E vehicle would begin using CATL batteries this year, followed by the F-150 Lightning truck in 2024....
...Mustang Mach-E last year, and additional tax credits to install solar panels at their home....
...Only Ford has cut the price of its electric Mustang in Europe, while Mercedes has cut the price of its electric E class in China, which it originally priced too steeply....
...Ford on Monday cut prices on its Mustang Mach-E, following Tesla’s lead from earlier in the month....
...As a rolling representation of the American dream in the 1960s, the Wagoneer is on a par with cars such as the Ford Mustang and Chevrolet Corvette....
...Ford has been the exception, cutting prices twice this year on its electric Mustang Mach-E....
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