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Price War Intensifies as Ford Also Slashes EV Prices

Earlier this week Ford Motor Company announced that it was lowering costs for its Mustang Mach-E as well as boosting the sport utility vehicle’s production. This came weeks after Tesla lowered prices for its cars by a whopping 20% in reaction to declining demand globally.

Ford further indicated that orders that had already been placed by the customers and were awaiting delivery would be subjected to…

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