Jan 30 (Reuters) – Ford Motor Co (F.N) said on Monday it was cutting prices of its electric crossover SUV Mustang Mach-E by as much as $5,900 per vehicle, weeks after rival Tesla Inc (TSLA.O) slashed prices globally on its electric vehicles by as much as 20%.
Shares of Ford were down 2.6% before the bell.
The automaker also said it was “significantly” raising Mach-E production.
Reporting by Aishwarya Nair in Bengaluru; Editing by Krishna Chandra Eluri
Keyword: Ford to cut prices of Mustang Mach-E, raise production levels