Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
IKEA Expands U.S. Manufacturing Amid Rising Tariffs and Supply Chain Strategy Shift 
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
Tesla Expands Affordable Model 3 Lineup in Europe to Boost EV Demand 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
GM Issues Recall for 2026 Chevrolet Silverado Trucks Over Missing Owner Manuals 
Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends 
Netflix Nearing Major Deal to Acquire Warner Bros Discovery Assets 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Ford Motor Company is lowering the prices of its Mustang Mach-E electric vehicles, just weeks after Tesla announced price cuts for its EVs. While the automaker is trimming the prices, it is increasing the production of its electric car models.
Ford Motor revealed its plan to cut the prices of its Mustang Mach-E on Monday, Jan. 30. The amount of price cuts will depend on the car model.
As per CNBC, the amount of reductions may go from $600 up to $5,900. Apparently, there is a huge difference when compared with Tesla as it is offering bigger cuts of up to $13,000 on its Model Y electric vehicle. Elon Musk’s EV firm announced the lower prices in January, a decision that was applauded by both investors and analysts on Wall Street.
It was said that Tesla lowered the prices of its Model Y to attract more buyers. It is hoped that the move will help increase demand and sales. In the case of Ford Motor, the company’s chief customer officer, Marin Gjaja, said that their Mustang Mach-E production is expected to go up from 78,000 units to 130,000 per year through the price cut strategy.
“We are responding to changes in the marketplace,” he said during a press conference while referring to Tesla’s price cuts and federal incentives for EVs. “As we look and want to stay competitive in the marketplace, we are having to respond.”
The starting price of Ford Motor’s Mustang Mach-E will now range from $46,000 to $64,000. This model unit pushed the company to become the second-bestselling EV producer in the U.S. last year.
Meanwhile, all customers who have ordered the Mustang Mach-E and waiting for the delivery of their vehicle will automatically get the new lower price. For those who have purchased the model after Jan. 1 and already received their unit, they can contact Ford Motor to avail of any “private offer.”
