Automaker Ford (F) has announced price cuts for its 2023 Mustang Mach-E by up to $8,100 in an attempt to remain competitive amid the electric vehicle slowdown. Yahoo Finance Senior Autos Reporter Pras Subramanian takes a closer look at this price change and how Ford's all-electric Mustang matches up to Tesla’s (TSLA) Model Y. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim
Automaker Ford (F) has announced price cuts for its 2023 Mustang Mach-E by up to $8,100 in an attempt to remain competitive amid the electric vehicle slowdown.
Yahoo Finance Senior Autos Reporter Pras Subramanian takes a closer look at this price change and how Ford's all-electric Mustang matches up to Tesla’s (TSLA) Model Y.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Eyek Ntekim
Reuters
WASHINGTON (Reuters) -Ford Motor Co on Tuesday said it had cut prices on its Mustang Mach-E electric SUV by up to $8,100 after sales fell sharply in January. The No. 2 U.S. automaker's lowest-price 2023 model year Mach E version now has a suggested retail price of $39,895, down from $42,995. Other versions including the extended-range premium version will drop in price by $8,100 to $48,895.
Reuters
Rio Tinto will buy 80% of all power generated from the Bungaban wind energy project over 25 years, the world's largest iron ore producer said. The construction of the Bungaban project is targeted to start in late 2025 and is expected to produce electricity by 2029, Rio Tinto said in a statement.
TechCrunch
Ford is cutting prices of its all-electric 2023 Mustang Mach-E by has much as $8,100 as the automaker attempts to rid itself of inventory and compete with Tesla and its increasingly cheaper EVs. That extra incentive is in addition to the tax credit Ford Credit already passes on to consumers.
American Banker
The Charlotte, North Carolina, company has agreed to sell its remaining 80% stake in its insurance brokerage unit to raise billions of dollars in cash and extra capital. The "wild card" is how Truist will deploy them, one analyst says.