(Global Company News)Ford Motor Company (Ford Motor) said it is increasing production and lowering the price of the Mustang Mach-E electric crossover.A few weeks ago, Tesla (Tesla) just cut prices on several of its models. Ford said the supply chain for its new electric vehicles is recovering, and the company is using the results of streamlining costs to lower prices. Ford also said the price reduction move is part of the company's plan to keep its vehicles competitive in a “rapidly changing market.” The company is working to keep its prices competitive and reduce customer wait times.