Research And Markets Research And Markets

Industry Economic And Ratings Outlook: U.S. Automotive Economic Outlook Appears Tentative Jan 10

  • ID: 1711666
  • January 2010
  • Region: United States
  • Standard & Poors
1 of 3


  • AB Volvo
  • Continental AG
  • Federal-Mogul Corp.
  • KAR Auction Services Inc.
  • Mitsubishi Motors Corp.
  • Sonic Automotive Inc.
  • MORE

Standard & Poor's Ratings Services' base-case 2010 and 2011 outlook for the U.S. auto sector is for slow recovery from very weak levels, based on the following fundamentals: The gradual economic recovery in the U.S. and Europe, following the deep recession in those regions; Still positive, but slower growth in some large emerging markets; and Further normalization of conditions in global capital markets. The outlooks and ratings on several rated auto suppliers and U.S. automaker Ford Motor Co. have improved in the past few quarters. This is a new development, which reflects the recent improvements in auto production as well as our view that the sector should partly recover in 2010. The greater number of rated companies that have stable...

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.

Note: Product cover images may vary from those shown
2 of 3

- Cooper Tire & Rubber Co.
- Dana Holding Corp.
- Federal-Mogul Corp.
- Ford Motor Co.
- The Goodyear Tire & Rubber Co.
- Johnson Controls Inc.
- AB Volvo
- Renault S.A.
- Robert Bosch GmbH
- Nissan Motor Co. Ltd.
- Daimler AG
- Navistar International Corp.
- Honda Motor Co. Ltd.
- Toyota Motor Corp.
- Exide Technologies
- Denso Corp.
- Fiat SpA
- Lear Corp.
- Peugeot S.A.
- Volkswagen AG
- Harman International Industries Inc.
- Hayes Lemmerz International Inc.
- Magna International Inc.
- Tata Motors Ltd.
- BorgWarner Inc.
- Hyundai Motor Co.
- Penske Automotive Group Inc.
- Mitsubishi Motors Corp.
- FleetPride Corp.
- Sonic Automotive Inc.
- Group 1 Automotive Inc.
- Stoneridge Inc.
- American Axle & Manufacturing Holdings Inc.
- GKN Holdings PLC
- Bridgestone Corp.
- Tenneco Inc.
- Continental AG
- Autoliv Inc.
- Meritor Inc.
- Shiloh Industries Inc.
- Knorr-Bremse AG
- Compagnie Generale des Etablissements Michelin S.C.A.
- Kia Motors Corp.
- AutoNation Inc.
- MetoKote Corp.
- Scania AB (publ.)
- Asbury Automotive Group Inc.
- Toyota Industries Corp.
- TRW Automotive Inc.
- United Components Inc.
- Tomkins Finance Ltd.
- Aisin Seiki Co. Ltd.
- Affinia Group Inc.
- Cooper-Standard Automotive Inc.
- American Tire Distributors Inc.
- Piaggio & C. SpA
- Commercial Vehicle Group Inc.
- Europcar Groupe S.A.
- KAR Auction Services Inc.
- Delance Ltd.
- Allison Transmission Inc.
- LKQ Corp.
- Dayco LLC

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown