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Industry Report Card: Global Auto Sales May Be Stabilizing, But A Recovery For Automakers Appears More Distant Oct 09 Product Image

Industry Report Card: Global Auto Sales May Be Stabilizing, But A Recovery For Automakers Appears More Distant Oct 09

  • ID: 1711601
  • October 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
Standard & Poor's Ratings Services believes that the automotive industry continues in a state of transition, driven largely, albeit not solely, by ongoing weak economic conditions worldwide. We believe the requirements of complying with stricter environmental regulations and shifting consumer tastes will also weigh on automakers' profitability. The guarantees and direct funds that many governments globally have offered their high-workforce auto industries over the past year have provided much-needed liquidity injections in some cases. But they will not solve the industry's structural problems, in our view. Nor will they address the low profit margins that we expect will result from the need to manage an increasingly complex product portfolio and adapt manufacturing, logistics, and vehicle models to new environmental standards....

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.
- General Motors Financial Co. Inc.
- Hyundai Motor Co.
- Mitsubishi Motors Corp.
- Kia Motors Corp.
- Scania (publ.) AB
- MAN SE

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