Issuer Ranking: Global Auto Suppliers, Strongest To Weakest Mar 08
Standard & Poors, March 2008
Abstract
The turmoil in the global financial markets and North America's gloomy macroeconomic scenario are the biggest threats for automakers and auto suppliers worldwide. North American auto suppliers are facing a very tough 2008, as anticipated. Economic weakness and the likely U.S. recession lead Standard & Poor's Ratings Services to expect a sharper decline in 2008 U.S. light-vehicle sales than in recent years. We now forecast unit sales of about 14.9 million, down from 16.1 million in 2007. The unfavorable product mix trends of the past few years--sales of pickups and sport utility vehicles (SUVs) down, sales of smaller vehicles up--will also continue in 2008. Key customers Ford Motor Co. (B/Stable/B-3) and General Motors Corp. (B/Watch Neg/B-3) announced (before the strike...
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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.
- Cooper Tire & Rubber Co.
- Dana Holding Corp.
- Federal-Mogul Corp.
- The Goodyear Tire & Rubber Co.
- Johnson Controls Inc.
- Mark IV Industries Inc.
- Robert Bosch GmbH
- Metaldyne LLC
- Exide Technologies
- Denso Corp.
- Lear Corp.
- Harman International Industries Inc.
- Hayes Lemmerz International Inc.
- Magna International Inc.
- BorgWarner Inc.
- Penske Automotive Group Inc.
- MSX International Inc.
- Accuride Corp.
- FleetPride Corp.
- Sonic Automotive Inc.
- Citation Corp.
- Group 1 Automotive Inc.
- Stoneridge Inc.
- American Axle & Manufacturing Holdings Inc.
- Standard Motor Products Inc.
- GKN Holdings PLC
- Bridgestone Corp.
- Tenneco Inc.
- Rheinmetall AG
- Continental AG
- Autoliv Inc.
- Visteon Corp.
- Meritor Inc.
- Shiloh Industries Inc.
- Knorr-Bremse AG
- Compagnie Generale des Etablissements Michelin S.C.A.
- AutoNation Inc.
- MetoKote Corp.
- Asbury Automotive Group Inc.
- Plastech Engineered Products Inc.
- Hilite International Inc.
- Toyota Industries Corp.
- TRW Automotive Inc.
- United Components Inc.
- Tomkins Finance Ltd.
- Aisin Seiki Co. Ltd.
- TI Automotive Ltd.
- Lazy Days' R.V. Center Inc.
- Duerr AG
- A.T.U. Auto-Teile-Unger Holding GmbH
- 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.
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