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Exclusive: Ford hikes price of electric Mustang Mach-E by as much as $8,475 due to ‘significant’ battery cost increases – TalkOfNews.com

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Ford hikes price of electric Mustang Mach-E by as much as $8,475 due to ‘significant’ battery cost increases

#Ford #hikes #price #electric #Mustang #MachE #due #significant #battery #cost #increases

Visitors check on a Ford Mustang Mach-E electric vehicle displayed at a launch event in Shanghai, China April 13, 2021.

Yilei Sun | Reuters

DETROIT – Ford Motor is hiking the starting prices of its electric Mustang Mach-E crossover by more than $8,000 for some models, as it reopens order banks for the 2023 model year.

The company on Thursday said the markups – ranging between $3,000 and $8,475, depending on the model and battery – are due to “significant material cost increases, continued strain on key supply chains, and rapidly evolving market conditions.”

The Mach-E is the latest electric vehicle to experience a price increase, as raw material costs for batteries for electric vehicles more than doubled during the coronavirus pandemic.

The starting prices for the 2023 Mustang Mach-E will now range from about $47,000 to $70,000, up from roughly $44,000 to $62,000 for the 2022 model year. Prices exclude taxes and shipping/delivery costs.

Ford earlier this month also raised the starting prices of its electric F-150 Lightning pickup by between $6,000 and $8,500, depending on the model. The automaker cited similar reasons for those increases, specifically related to raw materials such as lithium, cobalt and nickel that are used in batteries for the vehicles.

Others automakers including General Motors, Rivian, Lucid and Tesla also significantly raised prices on their newest electric vehicles.

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In addition to the new pricing, Ford said it changed options and increased capabilities for some Mach-E models. It also is increasing shipping charges on the Mach-E by $200 to $1,300 on all models.

Ford said the higher prices will go into effect for new orders placed starting Tuesday, when order banks reopen.

Customers who have existing, unscheduled 2022 model year orders will receive a “private offer” to convert to a 2023 model year vehicle, the company said. It’s not immediately clear what price those customers would be offered.

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Exclusive: Jim Cramer says these 3 apparel stocks benefit from return to office – TalkOfNews.com

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Jim Cramer says these 3 apparel stocks benefit from return to office

#Jim #Cramer #apparel #stocks #benefit #return #office

CNBC’s Jim Cramer on Friday offered investors a list of clothing stocks that he believes will see upside as workers continue returning to the office.

“After the huge run in the apparel stocks, I recommend ringing the register on the lower quality ones, so that you can swap into something better,” he said.

Shares of PVH, the parent of Calvin Klein and Tommy Hilfiger, surged on Thursday after the company reported better-than-expected results for its latest quarter and strong quarterly guidance. 

Other apparel companies including Abercrombie & Fitch and American Eagle also delivered upside surprises this week, sending their stock higher.

Here are Cramer’s favorite apparel stock picks:

PVH

Ralph Lauren

Lululemon Athletica

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Exclusive: What is Click Fraud? Here's What You Can Do to Prevent It – TalkOfNews.com

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What is Click Fraud? Here's What You Can Do to Prevent It

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Ever since the mechanics behind ad tech (and digital marketing in general) became effective enough to be considered a reliable source of revenue, there was an issue of shady people getting into it with malicious intent and trying to make use of it the other way around. 

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Exclusive: Looks like sex tech startup Lora DiCarlo is done for – TalkOfNews.com

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Looks like sex tech startup Lora DiCarlo is done for

#sex #tech #startup #Lora #DiCarlo

Lora DiCarlo, a sex tech startup that made headlines in 2019 after being blacklisted from the Consumer Electronics Show, seems to have shut down. The company’s website is offline and reportedly orders have gone unfulfilled for months.

TechCrunch has reached out to the eponymous founder for confirmation, but it sure looks like the end of the line for a briefly promising high-tech sex toy enterprise.

Founded in 2017, Lora DiCarlo was one of a new wave of tech-forward sexual health companies headed up by women. It won an innovation award at CES 2019 for, as our writer put it at the time, “a hands-free device that uses biomimicry and robotics to help women achieve a blended orgasm by simultaneously stimulating the G-spot and the clitoris.”

But then the Consumer Technology Association, which runs CES, withdrew the award and banned the company from exhibiting at the show. Their explanation at the time was that neither the company nor its devices “fit a product category.”

Predictably, this attracted immediate blowback and allegations of sexism, prudery and generally bad judgment. Everyone was on Lora DiCarlo’s side, and the publicity was invaluable, she later told TechCrunch at Disrupt: “I think they actually did us a pretty big favor.” The company raised $2 million around that time, and about $9 million total over its five years of operation.

But despite a big return to the show in 2020 (and a coveted TC+ feature, of course), the company seems to have faltered during the pandemic — perhaps falling victim to the same chip shortages and manufacturing problems even established hardware makers encountered.

As chronicled by Women’s Health, the last few months seem to have been Lora DiCarlo’s last, as various aspects of a functioning commercial enterprise began to fail: orders weren’t going out, stock was gone at retail partners and personnel have left. The site went down earlier this month and is down still. Although there has not been any official announcement, it certainly does seem that the company is kaput.

It’s too bad, but finding success as a hardware startup is hard enough without a pandemic and the stigma on sex toys adding drag. We’ll update this article if we hear back from DiCarlo.

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