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Issuer Ranking: Global Automakers And Truckmakers, Strongest To Weakest Aug 09 Product Image

Issuer Ranking: Global Automakers And Truckmakers, Strongest To Weakest Aug 09

  • ID: 1711564
  • August 2009
  • Region: Global
  • Standard & Poors

FEATURED COMPANIES

  • AB Volvo
  • Fiat SpA
  • Hyundai Motor Co.
  • Mitsubishi Motors Corp.
  • Peugeot S.A.
  • Tata Motors Ltd.
  • MORE

Abstract
The automotive industry is in a state of transformation: Large-scale consolidation and the bankruptcy of two major automakers are starting to unfold. Although government guarantees or direct funds are providing much-needed liquidity support in some cases, they will not solve the industry's structural problems, in Standard & Poor's Ratings Services' view. They also will not address the auto industry's low profit margins that result from the need to both manage an increasingly complex product portfolio and adapt manufacturing, logistics, and vehicle models to environmental needs. We think some forms of government support could make automakers less competitive if the support restricts their ability to restructure and enhance profitability through such measures as staff cuts and plant relocations or closures. Therefore,...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

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.

- Ford Motor Co.
- Motors Liquidation Co. (fka General Motors 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.
- Mitsubishi Motors Corp.
- Kia Motors Corp.
- Scania (publ.) AB
- MAN SE

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