Global Auto Makers May Sustain Profits, Even As Economies Remain Fragile Oct 11
Standard & Poors, October 2011
Abstract
As economies around the world continue to struggle to grow, certain spots of resiliency remain--not the least of which is the auto industry, with many global carmakers reporting sales increases and continued profitability. But a company's mixture of end markets remains important--as not all markets are proving equally resilient. While credit quality in the global auto sector has improved measurably since late 2009, but our economists currently place the chance of a recession in 2012 for the U.S. and Europe at about 40%. For automakers, economic fragility is the key issue--and this is true globally. Standard & Poor's Ratings Services believes another dip into recession is possible if the financial markets lock up again or oil prices jump further because...
Companies mentioned in this report are: Ford Motor Co.,Hyundai Motor Co.,Kia Motors Corp.,Chrysler Group LLC,General Motors Co.
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.,Hyundai Motor Co.,Kia Motors Corp.,Chrysler Group LLC,General Motors Co.
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