But Japanese Expected To Press Home Weaker Yen Advantage. Expect Surreptitious Content Pressure, Not Price War. “The average Japanese car on sale in the U.S. market has 44 per cent content from Japan” Car sales in the U.S. are generating excitement for some, but others perceive a gathering cloud over domestic participants in the American […]
Tag Archives | S&P
Despite More Bad News, S&P Still Sees A Strong Industry
But Peugeot, Fiat Said To Be Under Pressure “we are observing better discipline on inventories and on prices. Moreover, balance sheets have strengthened following leverage reductions in automotive operations” Car markets across Europe are weakening, sales projections for next year are being slashed, and a small car price war has started threatening Peugeot and Fiat […]
U.S. Car Sales Defy Economy And Rally
Strength To Continue In Fourth Quarter, Says S&P’s Schulz The media is full of gloom and doom about the U.S. economy being on the verge of a double-dip recession, but American car buyers are not listening, for the time being at least. A rush of nifty new models persuaded buyers to take the plunge, including […]
General Motors Gets Thumbs Up From S&P
China, Brazil Look Good For GM, But Opel Cause For Concern General Motors, which is in the process of persuading investors around the world to buy some of the shares the U.S. government acquired while saving it from bankruptcy, has been given the seal of approval from Standard & Poors, albeit with a couple of […]
BMW Autos Lost Money In 3rd Quarter; Investors Unworried
Return To Profits Expected, Production Methods To Pay Off But S&P Begs To Differ, Slashes Ratings, Warns About Future BMW lost money making cars in the third quarter, but this didn’t phase investors too much. UniCredit analyst Sven Kreitmair said BMW was riding out the economic storm well, and would return to profits in 2010. […]
Peugeot’s Losses Huge, S&P Cuts Rating To Junk Status
No Signs Of The Black Stuff Until 2011, At The Earliest Peugeot’s losses were not as awful as its compatriot Renault, and analysts were impressed by its move to cut net debt to €2 billion, but Peugeot still expects to lose between €1 billion and €2 billion for the whole year. Peugeot recorded a net […]
S&P Slashes Renault Rating Citing Deteriorating Finances
Will This Lead To Finance Subsidiary, Volvo Truck Stake Sales? VW Golf Sales At €9,999 Hurting Competition. Investors are divided about Renault’s prospects and what it should do to stave off financial crisis, but Standard & Poors is convinced the future looks bleak. S&P, the U.S. credit rating agency, cut Renault to what it calls […]