Ford said the markups are due to "significant material cost increases, continued strain on key supply chains" and market conditions.
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- Ford Motor is hiking the starting prices of its electric Mustang Mach-E crossover by more than $8,000 for some models.
- The increased prices will go into effect for new orders placed starting Tuesday, when order banks reopen for the 2023 model year.
- Ford said the markups are due to “significant” material cost increases, continued supply chain strains and market conditions.
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