Tag: ford electric cars

Ford halts production, shipment of F-150 Lightning electric truck- CNBC

15Feb

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Technology

Ford halts production, shipment of F-150 Lightning electric truck- CNBC

[ad_1] Ford Motor Co halted production and shipment of its F-150 Lightning electric truck following a potential battery issue, CNBC reported on Tuesday. The report said the automaker was investigating the issue after a potential problem was detected in a vehicle during its pre-delivery quality inspections. Shares of Ford reversed course to trade down about 1.5% in afternoon trade after the report. Ford did not immediately respond to Reuters' request for a comment. [ad_2] Source link

Ford Slashes Electric Mustang’s Price in Response to Tesla

31Jan

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Technology

Ford Slashes Electric Mustang’s Price in Response to Tesla

[ad_1] Ford Motor Co. is slashing the price of its electric Mustang Mach-E by an average of $4,500 in response to Tesla Inc.’s own recent cuts, stepping up the price wars in a slowing EV market. Ford Motor Co. is slashing the price of its electric Mustang Mach-E by an average of $4,500 in response to Tesla Inc.'s own recent cuts, stepping up the price wars in a slowing EV market. The discount comes on a model that Ford has already described as unprofitable, but the automaker said it hopes to offset further margin deterioration by boosting production 67% this year. The move, along with discounted financing rates as low as 5.3% on the Mach-E, is meant to counter Tesla's decision to cut prices across its lineup by as much as 20%. It also brings the Mach-E in line with new caps on EV...