Industry Report Card: Enduring Tough Conditions For European Automotive Suppliers Sep 06

  • ID: 1710850
  • September 2006
  • Region: Europe
  • Standard & Poors
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  • Autoliv Inc.
  • Duerr AG
  • Ford Motor Co.
  • Peugeot S.A.
  • Rheinmetall AG
  • TI Automotive Ltd.
  • MORE

Standard & Poor's Ratings Services expects the scenario for European automotive suppliers to remain largely unchanged in the last quarter of 2006. Industry conditions are likely to remain tough, mainly for the same reasons as in past months: strong pressure from OEMs, difficult trading conditions, and high raw-material prices, among other factors. In some cases, the intensity and features of these factors show contrasting signals, but it is too early to assess whether we are nearing a change in underlying trends. The number of European automotive suppliers rated by Standard & Poor's has grown in recent months to 14 (see chart 1), with the assignment of ratings to French car rental company Europcar Groupe S.A. (BB-/Stable/--). Four of the 14...

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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

Note: Product cover images may vary from those shown
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- Chrysler Corp.
- Ford Motor Co.
- Motors Liquidation Co. (fka General Motors Corp.)
- Renault S.A.
- Robert Bosch GmbH
- Fiat SpA
- Peugeot S.A.
- Volkswagen AG
- GKN Holdings PLC
- Rheinmetall AG
- Continental AG
- Autoliv Inc.
- Knorr-Bremse AG
- Compagnie Generale des Etablissements Michelin S.C.A.
- TK Aluminum Ltd.
- Tomkins Finance Ltd.
- Schefenacker AG
- TI Automotive Ltd.
- Duerr AG
- Piaggio & C. SpA
- Europcar Groupe S.A.

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown


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