"Stellantis Q1 Sales Decline 10% Amid Shift to Cheaper Cars"

TL;DR Summary
Sales of high-priced pickup trucks from Stellantis NV, Ford Motor Co., and General Motors Co. have declined in the first quarter, with Ram pickup sales dropping 15% and F-Series trucks sales falling 10%. This decline is attributed to high borrowing costs affecting consumer demand, with Ford also delaying delivery of over 60,000 models for quality checks and halting shipments of the electric F-150 Lightning due to an undisclosed quality issue.
Topics:business#business-automotive#ford-motor-co#general-motors-co#pickup-trucks#sales-decline#stellantis-nv
- F-150, Ram Pickup Sales Fall as Americans Shift to Cheaper Cars Bloomberg
- Stellantis sales drop 10% in 1st quarter, pushed down by Ram, Dodge Detroit Free Press
- FCA US First-Quarter Sales Fell 10% - WSJ The Wall Street Journal
- Stellantis sales drop 10% in first quarter Detroit News
- JPMorgan sees Stellantis Q1 revenues down 'about 10% YoY' Investing.com
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