Ford Lowers Prices of Electric Mustang Mach-E to Compete with Tesla's Model Y. Ford announced Monday that it will lower the prices of its electric Mustang Mach-E by an average of $4,500, depending on the model. The move aims to compete with Tesla's Model Y, and Ford expects to offset some profit shrinkage through cost improvements and additional production.
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Nissan and Renault Shake Up Alliance with Reduction in Stake and Investment in Electric Vehicles. Nissan and Renault have agreed on a major shake-up of their alliance, with Nissan limiting Renault's control over its management and Renault receiving an investment in its electric-vehicle business. Under the agreement, which is subject to approval from both companies' boards, Renault will reduce its 43% stake in Nissan* to 15% to match Nissan's stake in Renault.
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