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Automotive Industry Credit Quality in Neutral Gear Apr 00 Product Image

Automotive Industry Credit Quality in Neutral Gear Apr 00

  • Published: April 2000
  • Standard & Poors

FEATURED COMPANIES

  • AB Volvo
  • Daimler AG
  • Ford Motor Co.
  • Hyundai Motor Co.
  • Nissan Motor Co. Ltd.
  • Peugeot S.A.
  • MORE

Abstract
Rating outlooks among the world's automakers are broadly stable to negative. There is only one company for which a rating upgrade appears attainable within the next few years--Hyundai Motor Co., which, having weathered the severe downturn in the Korean auto market during 1997 and 1998, has since achieved significantly improved financial performance. The two largest industry players, General Motors Corp. (GM) and Ford Motor Co., have stable outlooks. In recent years, these two companies have had record earnings, reflecting buoyant industry sales in North America and, particularly, the growth in demand for high-margin sport utility vehicles and pickups-?segments in which they are well-positioned. Standard & Poor's does not assume that recent financial performance levels will be sustainable. Inevitably, North American...

Companies mentioned in this report are:
- Ford Motor Co.
- Motors Liquidation Co. (fka General Motors Corp.)
- Mitsubishi Corp.
- PACCAR Inc.
- AB Volvo
- Renault S.A.
- Nissan Motor Co. Ltd.
- Daimler AG
- Navistar International Corp.
- Honda Motor Co. Ltd.
- Toyota Motor Corp.
- Fiat SpA
- Peugeot S.A.
- READ MORE >

- Ford Motor Co.
- Motors Liquidation Co. (fka General Motors Corp.)
- Mitsubishi Corp.
- PACCAR Inc.
- AB Volvo
- Renault S.A.
- Nissan Motor Co. Ltd.
- Daimler AG
- Navistar International Corp.
- Honda Motor Co. Ltd.
- Toyota Motor Corp.
- Fiat SpA
- Peugeot S.A.
- Volkswagen AG
- BMW AG
- Tata Motors Ltd.
- Hyundai Motor Co.

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