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Ford cuts price on Mustang Mach-E after Tesla price cuts

The Detroit automaker increasing production of the Mach-E this year and is taking advantage of streamlined costs to reduce prices across the board, it said Monday.

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The price of a base rear-wheel-drive standard range Mach-E will drop $900, from $46,895 to $45,995. The top-end GT extended range will fall $5,900, from $69,895 to $63,995. The prices don't include shipping, government fees or taxes.