New weekly jobless claims rose to 770,000 for the week that ended March 13, the Department of Labor said Thursday. Economists surveyed by Econoday had forecast a decline to 700,000. The prior week was initially reported at 712,000 but was revised up to 725,000.
Ford reveals electric Mustang with ‘stunning’ acceleration. This is so unbelievable. 900 Horsepower? When it arrives in late 2020, Mustang Mach-E will be available with standard and extended-range battery options with either rear-wheel drive or all-wheel drive powered by permanent magnet motors.
Chief among the information in the limited spec revealed was the revelation that the Mustang Mach-E will be available with a variety of different power outputs, giving 0-60mph times rated between mid-three seconds and mid-six seconds. Range for these models is quoted at between 230 and 300 miles on the EPA system, while all-wheel drive and rear-wheel drive are available depending on which model is chosen.
Ford also announced today that it will begin taking deposits for the Mustang Mach-E in the US and Europe immediately after it’s revealed, with the first wave of buyers being offered the option of a highly specced First Edition model. However, full pricing hasn’t yet been announced, while Chinese buyers won’t be able to put down a deposit until a later date.
Deliveries of the Mustang Mach-E are expected to commence in 2020, suggesting the car in Los Angeles will be a production model rather than a concept. Ford is understood to have had huge internal debates over using the Mustang name in production. The new model was given the ‘Mach 1’ tag during early development because of strong public opinion against the use of the branding historically reserved for Mustangs, but Ford has now decided to combine both.