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Industry Report Card: Recovering Vehicle Sales And Export Demand Should Support Global Automakers? Credit Quality In 2011 Jan 11 Product Image

Industry Report Card: Recovering Vehicle Sales And Export Demand Should Support Global Automakers? Credit Quality In 2011 Jan 11

  • Published: January 2011
  • Region: Global
  • Standard & Poors

FEATURED COMPANIES

  • AB Volvo
  • Fiat SpA
  • Honda Motor Co. Ltd.
  • MAN SE
  • PACCAR Inc.
  • Scania (publ.) AB
  • MORE

Abstract
Improved sales in some developed markets and sustained demand in emerging markets should keep global production volumes and sales in 2011 slightly up on last year, in Standard & Poor's Ratings Services opinion. Global automakers' results for 2010 benefited from better production volumes than we had expected earlier in the year in most markets. We anticipate that recovering light-vehicle sales in the U.S. will keep production volumes up in the first quarter of 2011 compared with 2010, although inventory rebuilding is largely complete. In Europe, however, we expect new registrations to fall slightly on last year, but to continue to benefit from strong export demand, particularly from China, Russia, and Latin America. Meanwhile, the U.S. and European truck markets appear...

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 READ MORE >

- Ford Motor Co.
- 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
- General Motors Co.

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