Issuer Ranking: Global Auto Suppliers, Strongest To Weakest Jul 08

  • ID: 1785704
  • July 2008
  • Region: Global
  • Standard & Poors
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  • Accuride Corp.
  • Bridgestone Corp.
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  • Hilite International Inc.
  • Mark IV Industries Inc.
  • Sonic Automotive Inc.
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North American auto suppliers are almost half-way through a tough 2008, but the real pain has just begun. Standard & Poor's Ratings Services expects U.S. light-vehicle sales to be about 14.4 million units this year, down dramatically from 2007 levels, and to remain sluggish through the end of the year, leaving those who perennially expect a second-half rebound disappointed once again. In Europe, the sharp rise in oil prices has had a limited effect on car purchases so far. But consumers there are starting to prefer smaller, more fuel-efficient cars, even in the luxury car segments, and are paying increasing attention to emissions. Fuel-efficiency and carbon dioxide emissions will be crucial issues in the relationships between OEMs and auto suppliers....

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
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- 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.
- 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.
- Asbury Automotive Group 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.

Note: Product cover images may vary from those shown
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