Neal E. Boudette – Page 7

Ford Follows Tesla in Cutting Electric Vehicle Prices

The automaker reduced the price of the Mustang Mach-E by up to $5,900 after Tesla slashed prices of its cars by as much as 20 percent.

The price reductions in the United States will make more of the company’s electric vehicles eligible for a federal tax credit.

The company’s production was limited by a global chip shortage but it made big gains in the fastest-growing segment of the auto market.

Automakers have been hampered by the supply of semiconductors and higher interest rates.

The electric truck maker said it had enough cash to fund its operations through 2025.

The electric carmaker made the announcement on the same day it reported losing $670 million in the third quarter.

The automaker is struggling with supply chain problems and wrote off its investment in a self-driving technology business.

General Motors sold more cars in the third quarter after struggling with a shortage of computer chips earlier in the year.

The automaker sold more cars in the third quarter after struggling with a shortage of computer chips earlier in the year.

The electric carmaker is growing fast but investors are worried that sales are starting to slow because of higher prices and interest rates.