{"id":4018,"date":"2023-05-04T05:38:54","date_gmt":"2023-05-04T09:38:54","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/ford-ceo-says-ev-price-cuts-are-a-worrying-trend\/"},"modified":"2023-05-04T05:38:54","modified_gmt":"2023-05-04T09:38:54","slug":"ford-ceo-says-ev-price-cuts-are-a-worrying-trend","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=4018","title":{"rendered":"Ford CEO says EV price cuts are ‘a worrying trend’"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. Ford (F) CEO says EV price cuts are ‘a worrying trend’<\/span>
\n<\/i>\n<\/div>\n

Ford Motor Company (NYSE:) CEO, Jim Farley told a Wall Street Journal forum on Wednesday that price cuts in the electric vehicle market “is a worrying trend”.<\/p>\n

Rival EV automaker Tesla Inc (NASDAQ:) incited what others are calling a price war after the EV giant adjusted prices several times to spark demand, even at the expense of margins.<\/p>\n

Farley compared the price war in the EV market to Henry Ford’s series of price cuts for the Model T starting in 1913. But the Ford Chief said the company founder’s strategy ultimately put Ford at risk.<\/p>\n

“You do not want to commoditize the product,” Farley said.<\/p>\n

“The resale value for people who bought at higher prices is awful. They never forget,” Farley said. Ford will follow Tesla price cuts for models such as the Mustang Mach-E that competes head-on with Tesla’s Model Y, he said. “There\u2019s a limit to how far we\u2019ll go.”<\/p>\n

Ford on Tuesday announced a price cut of up to 8% on its Mustang Mach-E electric vehicle in response to moves by Tesla, the second cut the automaker announced this year.<\/p>\n

Shares of F and TSLA are up 1.44% and 2.57%, respectively, in afternoon trading on Wednesday.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Ford (F) CEO says EV price cuts are ‘a worrying trend’ Ford Motor Company (NYSE:) CEO, Jim Farley told a Wall Street Journal forum on Wednesday that price cuts in the electric vehicle market “is a worrying trend”. Rival EV automaker Tesla Inc (NASDAQ:) incited what others are calling a price war after […]<\/p>\n","protected":false},"author":1,"featured_media":4019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-4018","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nFord CEO says EV price cuts are 'a worrying trend' | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. Ford (F) CEO says EV price cuts are 'a worrying trend' Ford Motor Company (NYSE:) CEO, Jim Farley told a Wall Street Journal forum on Wednesday\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=4018\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ford CEO says EV price cuts are 'a worrying trend' | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. Ford (F) CEO says EV price cuts are 'a worrying trend' Ford Motor Company (NYSE:) CEO, Jim Farley told a Wall Street Journal forum on Wednesday\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=4018\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-04T09:38:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXMPEB1304O_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"658\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=4018#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=4018\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Ford CEO says EV price cuts are ‘a worrying trend’\",\"datePublished\":\"2023-05-04T09:38:54+00:00\",\"dateModified\":\"2023-05-04T09:38:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=4018\"},\"wordCount\":227,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=4018#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=4018\",\"url\":\"https:\/\/ifintechworld.com\/?p=4018\",\"name\":\"Ford CEO says EV price cuts are 'a worrying trend' | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-04T09:38:54+00:00\",\"dateModified\":\"2023-05-04T09:38:54+00:00\",\"description\":\"\u00a9 Reuters. Ford (F) CEO says EV price cuts are 'a worrying trend' Ford Motor Company (NYSE:) CEO, Jim Farley told a Wall Street Journal forum on Wednesday\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=4018#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=4018\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=4018#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ford CEO says EV price cuts are ‘a worrying trend’\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ford CEO says EV price cuts are 'a worrying trend' | iFintechWorld","description":"\u00a9 Reuters. Ford (F) CEO says EV price cuts are 'a worrying trend' Ford Motor Company (NYSE:) CEO, Jim Farley told a Wall Street Journal forum on Wednesday","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=4018","og_locale":"en_US","og_type":"article","og_title":"Ford CEO says EV price cuts are 'a worrying trend' | iFintechWorld","og_description":"\u00a9 Reuters. Ford (F) CEO says EV price cuts are 'a worrying trend' Ford Motor Company (NYSE:) CEO, Jim Farley told a Wall Street Journal forum on Wednesday","og_url":"https:\/\/ifintechworld.com\/?p=4018","og_site_name":"iFintechWorld","article_published_time":"2023-05-04T09:38:54+00:00","og_image":[{"width":800,"height":658,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXMPEB1304O_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=4018#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=4018"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Ford CEO says EV price cuts are ‘a worrying trend’","datePublished":"2023-05-04T09:38:54+00:00","dateModified":"2023-05-04T09:38:54+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=4018"},"wordCount":227,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=4018#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=4018","url":"https:\/\/ifintechworld.com\/?p=4018","name":"Ford CEO says EV price cuts are 'a worrying trend' | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-05-04T09:38:54+00:00","dateModified":"2023-05-04T09:38:54+00:00","description":"\u00a9 Reuters. Ford (F) CEO says EV price cuts are 'a worrying trend' Ford Motor Company (NYSE:) CEO, Jim Farley told a Wall Street Journal forum on Wednesday","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=4018#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=4018"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=4018#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Ford CEO says EV price cuts are ‘a worrying trend’"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/4018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4018"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/4018\/revisions"}],"predecessor-version":[{"id":4020,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/4018\/revisions\/4020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/4019"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}