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Ford to re-open orders for its electric Mustang SUV, cuts prices

Clyde Edgerton by Clyde Edgerton
May 2, 2023
in Markets
Ford to re-open orders for its electric Mustang SUV, cuts prices
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Ford Motor Co. F said Tuesday it was re-opening the order books for its Mustang Mach-E, vowing to ramp up production of the all-electric SUV after it completed plant upgrades. Some versions of the vehicle also got price cuts of up to 8%, for a second time this year. Ford said that the Mustang Mach-E may qualify for half of the federal tax credits available through the Inflation Reduction Act regulations. Ford is slated to report first-quarter earnings later Tuesday, with analysts looking at adjusted EPS of $2.54 on sales of $39.3 billion

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