• Ford and GM follow Tesla's lead and wade into China price war by offering big discounts to boost sales, report says

    13 days ago - By Business Insider

    Ford has cut the Mustang Mach-E by about $6,000. Getty Images
    Ford and GM are among dozens of carmakers offering deep discounts on cars in China to boost sales.
    Ford is offering $6,000 off the Mustang Mach-E to Chinese buyers, The Wall Street Journal reported.
    Tesla was among the first to slash its prices after China ended its electric vehicle subsidies.
    Ford and GM are cutting prices in China to boost sales following the abolition of subsidies for electric vehicles, The Wall Street Journal reported. The American giants are among a growing list of manufacturers slashing prices to stimulate...
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