WASHINGTON—Ford Motor Co. is cutting prices on its Mustang Mach-E electric vehicle and reopening orders, the No. 2 U.S. automaker said on Tuesday, the second time has reduced prices this year after a series of price cuts by rival Tesla Inc.
Ford said it is also increasing the range for standard-range battery models as it increases production of the electric crossover SUV in the second half of the year.
Prices for most Mach-E models were cut by $3,000 or $4,000 depending on the version or by as much as 7.8 percent, Ford said. The price of the Mach-E Premium rear-wheel drive version is dropping from $50,995 to $46,995….