Ford Motor (F) is raising prices on three models produced in Mexico due to President Donald Trump's tariffs, Reuters reported Wednesday, citing a notice sent to dealers it reviewed.
The new prices went into effect on May 2, according to the report.
Prices on the Mustang Mach-E electric SUV, Maverick pickup and Bronco Sport would increase by as much as $2,000 on some models, Reuters reported, citing the notice sent to dealers.
Ford did not immediately reply to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.