Latest news with #Mach-e
Yahoo
07-05-2025
- Automotive
- Yahoo
Ford hiking prices on 3 vehicle models manufactured in Mexico
Ford Motor on Wednesday said it is raising prices on three models produced in Mexico, pointing to higher U.S. tariffs on imported vehicles as one reason for the adjustment. The vehicles subject to the price increases of up to $2,000 per model include the Maverick, Bronco Sport and Mach-E, Ford said in a statement to CBS News. The price hikes apply only to imported vehicles that were built after May 2. Those models are expected to arrive dealership lots in late June. Ford noted that cars that have already been shipped and that are currently on dealer lots are not subject to the price hikes. Ford also said the price increases are a result of "our usual mid-year pricing actions combined with tariffs we are facing." Reuters was first to report Ford's price changes. The Trump administration in March imposed a 25% tariff on vehicles assembled abroad. Ford said it is shouldering some tariff-related costs and has not passed all of the burden onto its customers. The U.S. imports roughly 8 million vehicles annually. Hit to earnings Ford on Monday said it expects to take a $1.5 billion hit to its operating profit from tariffs this year. The Detroit automaker also withdrew its full-year financial guidance because of mounting economic uncertainty created by the Trump administration's trade policies. For car buyers, higher U.S. tariffs on foreign-made vehicles, along with retaliatory levies from other countries, could raise the price of cars by $2,000 to $12,000 depending on the model, according to Anderson Economic Group (AEG), a consulting and research firm. Ford's Mach-e, an electric version of the company's Mustang that is made in Mexico, faces tariffs of more than $12,000, according to AEG. By contrast, the automaker's Explorer SUV, which is manufactured in Illinois, faces levies of roughly $2,400. Sneak peek: The Depraved Heart Murder Why Hegseth is calling for cuts to senior ranks across U.S. military Analyzing Trump's announcement of ceasefire with Houthi rebels in Yemen
Yahoo
05-04-2025
- Automotive
- Yahoo
Sources hint at bold new Tesla model with surprising new details: 'This new information counters earlier rumors'
Unnamed sources quoted by Reuters say Tesla is planning to launch a lower-cost electric vehicle this year, reported Inside EVs. Codenamed "E41," this new car will be a smaller version of the Model Y crossover and will cost at least 20% less to manufacture than the current Model Y. The affordable Tesla will initially be built in Shanghai and will use existing assembly lines and technologies to keep costs low. Mass production will begin next year in China, followed by manufacturing in Europe and North America. "This new information counters earlier rumors that Tesla's cheaper EV would be just a barebones version of the Model Y, not something unique unto itself," wrote Iulian Dnistran for Inside EVs. For buyers, this smaller, budget-friendly Tesla could make electric vehicles more affordable to a larger audience. Less expensive EV options mean more people can switch from gas-powered cars to electric ones, reducing air pollution and helping create a healthier planet. Like when Tesla cut prices on the Model 3 in Mexico last year, this move could help more consumers save money while making an earth-friendly choice. This announcement comes as Tesla faces slipping market share and sales across multiple regions. The company saw a sales decline in Europe last year, with registrations down 10.8% from 2023 numbers for the European Union and several other countries, according to InsideEVs. In China, Tesla's market share in the all-electric car market fell from 11.7% in 2023 to 10.4% last year, per Reuters. The United States saw an even more significant drop, with Tesla losing 10 percentage points of EV market share, ending 2024 with 45.4% for December, per InsideEVs. The new vehicle aligns with Tesla's statement during its fourth-quarter 2024 results that "plans for new vehicles, including more affordable models, remain on track for the start of production in the first half of 2025," as InsideEVs reported in a separate article. While many details about the new EV remain unknown, it will likely use the same electric motors and battery packs found in the current Model 3 and Model Y vehicles. Online reactions to Tesla news often highlight divided opinions. Case in point: As one InsideEVs commenter noted, "We've had this thing called 'inflation' for well over a year now. Aren't many other vehicle prices increasing as well?" Another user countered: "Multiple EVs have seen price drops — most recently, Toyota dropped the price on their EV by several thousand dollars, and Ford did the same with their Mach-e a few months back. I recently bought an Ioniq 6 from Hyundai, and the price on that car barely changed with the latest model year." Do you trust Tesla to produce quality products? Absolutely I trust Tesla not Elon I'm not sure Not at all Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
