Moody's senkt Prognosen für europäische Automobilindustrie 2012 angesichts anhaltender wirtschaftlicher Herausforderungen
Please Note
Login
Cancel
Please Note
We brought you to this page based on your search query. If this isn't what you are looking for, you can continue to Search Results for ""
The maximum number of items you can export is 3,000. Please reduce your list by using the filtering tool to the left.
Close
Sie sind im Begriff, von der lokalen Website für Deutschland auf die globale Website in englischer Sprache zu wechseln. Möchten Sie fortfahren?
Diesen Hinweis nicht wieder anzeigen.
Ja
Nein
Close
Email Research
Recipient email addresses will not be used in mailing lists or redistributed.
Recipient's
Email

Use semicolon to separate each address, limit to 20 addresses.
Enter the
characters you see
Enter the above code here:
Close
Email Research
Thank you for your interest in sharing Moody's Research. You have reached the daily limit of Research email sharings.
Close
Thank you!
You have successfully sent the research.
Please note: some research requires a paid subscription in order to access.
Related Issuers
Related Research
Announcement:

Moody's senkt Prognosen für europäische Automobilindustrie 2012 angesichts anhaltender wirtschaftlicher Herausforderungen

Global Credit Research - 26 Jan 2012

Frankfurt am Main, January 26, 2012 -- Der Pkw-Absatz in Westeuropa dürfte 2012 gegenüber dem Vorjahr um 6,2 % zurückgehen. Hintergrund sind die sich abschwächenden wirtschaftlichen Fundamentaldaten in der Region. Zu dieser Einschätzung gelangt die internationale Ratingagentur Moody's Investors Service in ihrem heute veröffentlichten Branchenausblick mit dem Titel Global Auto Manufacturers: European 2012 Auto Forecasts Revised Lower As Economic Challenges Continue".

Für 2012 rechnen wir mittlerweile mit einem Rückgang um 6,2 % auf 13,4 Mio. Fahrzeuge, nachdem wir in unserem letzten Branchenausblick von September 2011 noch 0 % prognostiziert hatten", erläutert Falk Frey, Senior Vice President in der Corporate Finance Group bei Moody's. Wir gehen davon aus, dass der Absatz am stärksten in Frankreich (- 10 %), Italien (- 7 %) und Großbritannien (- 7 %) zurückgehen wird", so Frey weiter. Die Automobilhersteller in diesen Ländern werden am stärksten unter den Sparmaßnahmen ihrer Regierungen zu leiden haben. Hinzu kommen das anhaltend schwierige Konjunkturumfeld und der dadurch zu erwartende Rückgang bei den Konsumausgaben."

Trotz der revidierten Prognose für Westeuropa hält Moody's an seinem stabilen Ausblick für die weltweite Automobilindustrie fest. Unser Ausblick basiert auf einer Zunahme der weltweiten Pkw-Nachfrage um 4,4 % in diesem und 4,5 % im Jahr 2013", so Frey. Zwar haben wir unsere Erwartungen für das globale Absatzvolumen 2012 gegenüber unserer früheren Prognose um 0,9 Mio. auf 78,8 Mio. Fahrzeuge nach unten korrigiert. Die treibenden Nachfragekräfte bleiben jedoch China und die USA. Für China haben wir unsere Prognose für 2012 unverändert belassen. Die USA bleiben Nachfragemotor, auch wenn wir für 2012 gegenüber unserer vorherigen Prognose von 0,5 Mio. Fahrzeugen weniger ausgehen."

Wie aus dem Bericht ferner hervorgeht, hat Moody's seine Prognose für den Anstieg der Pkw-Nachfrage in Japan für das Jahr 2012 auf 19,7 % angehoben. Noch im September 2011 war ein verhalteneres Wachstum von 7,3 % prognostiziert worden, zurückzuführen auf das Erdbeben und den anschließenden Tsunami. Das für 2012 erwartete Wachstum wird sich auf die geplante Schaffung staatlicher Anreize für die Entwicklung neuer, treibstoffsparender Fahrzeuge stützen. Dies sollte für einen kräftigen Nachfrageschub auf 4,9 Mio. Fahrzeuge im laufenden Jahr sorgen. Für 2013 rechnet Moody's dann wieder mit einem Rückgang um 9,1 % auf ein normaleres" Maß von 4,5 Mio. Fahrzeugen.

Trotz des langsameren Nachfragewachstums gehen wir davon aus, dass die Automobilhersteller (OEMs) vor allem im zweiten Halbjahr von niedrigeren Input-Kosten profitieren werden, was unseren stabilen Ausblick untermauert", wie Frey hinzufügt.

Der von Moody's für 2013 prognostizierte Anstieg der Pkw-Nachfrage in Westeuropa um 3 % beruht auf einer kontinuierlichen wirtschaftlichen Erholung. Sollte es Anzeichen für eine länger anhaltende Rezession geben, würde die Ratingagentur ihre Prognose entsprechend revidieren. Moody's wird auch eine Änderung seines Ausblicks für die globale Automobilindustrie in negativ" erwägen, falls Europa in eine tief greifende und länger andauernde Rezession gerät, das Verbrauchervertrauen schwindet und die Probleme der Staaten und Banken des Euroraums auf andere Volkswirtschaften außerhalb Europas übergreifen. Dies könnte die Automobilnachfrage weltweit einbrechen lassen.

Die heute erschienene Veröffentlichung mit dem Titel Global Auto Manufacturers: European 2012 Auto Forecasts Revised Lower As Economic Challenges Continue" steht auf der Moody's-Website im Internet unter www.moodys.com zur Verfügung.

HINWEIS FÜR JOURNALISTEN: Für weitere Auskünfte wenden Sie sich bitte telefonisch an eine unserer Presse-Hotlines in London, Tel. +44 20 7772-5456; New York, Tel. +1 212 553-0376; Tokio, Tel. +813 5408-4110; Hongkong, Tel. +852 3758-1350; Sydney, Tel. +61 2 9270-8141; Mexiko-Stadt, Tel. +1 888 779-5833; São Paulo, Tel. +1 0800 891-2518; oder Buenos Aires, Tel. +1 0800 666-3506. Alternativ können Sie uns auch gerne eine E-Mail an mediarelations@moodys.com schicken oder uns im Internet unter www.moodys.com besuchen.

Falk Frey
Senior Vice President
Corporate Finance Group
Moody's Deutschland GmbH
An der Welle 5
Frankfurt am Main 60322
Germany
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454

Eric de Bodard
MD - Corporate Finance
Corporate Finance Group
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454

Releasing Office:
Moody's Deutschland GmbH
An der Welle 5
Frankfurt am Main 60322
Germany
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454

Moody's senkt Prognosen für europäische Automobilindustrie 2012 angesichts anhaltender wirtschaftlicher Herausforderungen
No Related Data.

© 2012 Moody's Investors Service, Inc. and/or its licensors and affiliates (collectively, "MOODY'S"). All rights reserved.


CREDIT RATINGS ISSUED BY MOODY'S INVESTORS SERVICE, INC. ("MIS") AND ITS AFFILIATES ARE MOODY'S CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND CREDIT RATINGS AND RESEARCH PUBLICATIONS PUBLISHED BY MOODY'S ("MOODY'S PUBLICATIONS") MAY INCLUDE MOODY'S CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MOODY'S DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL, FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT. CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISK, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK, OR PRICE VOLATILITY. CREDIT RATINGS AND MOODY'S OPINIONS INCLUDED IN MOODY'S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT. CREDIT RATINGS AND MOODY'S PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE, AND CREDIT RATINGS AND MOODY'S PUBLICATIONS ARE NOT AND DO NOT PROVIDE RECOMMENDATIONS TO PURCHASE, SELL, OR HOLD PARTICULAR SECURITIES. NEITHER CREDIT RATINGS NOR MOODY'S PUBLICATIONS COMMENT ON THE SUITABILITY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR. MOODY'S ISSUES ITS CREDIT RATINGS AND PUBLISHES MOODY'S PUBLICATIONS WITH THE EXPECTATION AND UNDERSTANDING THAT EACH INVESTOR WILL MAKE ITS OWN STUDY AND EVALUATION OF EACH SECURITY THAT IS UNDER CONSIDERATION FOR PURCHASE, HOLDING, OR SALE.


ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. All information contained herein is obtained by MOODY'S from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided "AS IS" without warranty of any kind. MOODY'S adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources Moody's considers to be reliable, including, when appropriate, independent third-party sources. However, MOODY'S is not an auditor and cannot in every instance independently verify or validate information received in the rating process. Under no circumstances shall MOODY'S have any liability to any person or entity for (a) any loss or damage in whole or in part caused by, resulting from, or relating to, any error (negligent or otherwise) or other circumstance or contingency within or outside the control of MOODY'S or any of its directors, officers, employees or agents in connection with the procurement, collection, compilation, analysis, interpretation, communication, publication or delivery of any such information, or (b) any direct, indirect, special, consequential, compensatory or incidental damages whatsoever (including without limitation, lost profits), even if MOODY'S is advised in advance of the possibility of such damages, resulting from the use of or inability to use, any such information. The ratings, financial reporting analysis, projections, and other observations, if any, constituting part of the information contained herein are, and must be construed solely as, statements of opinion and not statements of fact or recommendations to purchase, sell or hold any securities. Each user of the information contained herein must make its own study and evaluation of each security it may consider purchasing, holding or selling. NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY SUCH RATING OR OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY MOODY'S IN ANY FORM OR MANNER WHATSOEVER.


MIS, a wholly-owned credit rating agency subsidiary of Moody's Corporation ("MCO"), hereby discloses that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by MIS have, prior to assignment of any rating, agreed to pay to MIS for appraisal and rating services rendered by it fees ranging from $1,500 to approximately $2,500,000. MCO and MIS also maintain policies and procedures to address the independence of MIS's ratings and rating processes. Information regarding certain affiliations that may exist between directors of MCO and rated entities, and between entities who hold ratings from MIS and have also publicly reported to the SEC an ownership interest in MCO of more than 5%, is posted annually at www.moodys.com under the heading "Shareholder Relations — Corporate Governance — Director and Shareholder Affiliation Policy."


Any publication into Australia of this document is by MOODY'S affiliate, Moody's Investors Service Pty Limited ABN 61 003 399 657, which holds Australian Financial Services License no. 336969. This document is intended to be provided only to "wholesale clients" within the meaning of section 761G of the Corporations Act 2001. By continuing to access this document from within Australia, you represent to MOODY'S that you are, or are accessing the document as a representative of, a "wholesale client" and that neither you nor the entity you represent will directly or indirectly disseminate this document or its contents to "retail clients" within the meaning of section 761G of the Corporations Act 2001.


Notwithstanding the foregoing, credit ratings assigned on and after October 1, 2010 by Moody's Japan K.K. (“MJKK”) are MJKK's current opinions of the relative future credit risk of entities, credit commitments, or debt or debt-like securities. In such a case, “MIS” in the foregoing statements shall be deemed to be replaced with “MJKK”. MJKK is a wholly-owned credit rating agency subsidiary of Moody's Group Japan G.K., which is wholly owned by Moody’s Overseas Holdings Inc., a wholly-owned subsidiary of MCO.


This credit rating is an opinion as to the creditworthiness of a debt obligation of the issuer, not on the equity securities of the issuer or any form of security that is available to retail investors. It would be dangerous for retail investors to make any investment decision based on this credit rating. If in doubt you should contact your financial or other professional adviser.

© 2012 Moody's Investors Service, Inc., Moody’s Analytics, Inc. and/or their affiliates and licensors. All rights reserved.
Regional Sites:
Close
Contact Form
Please complete this form to have one of our client services representatives contact you ( * - required field).
Contact Information
Name *
Company *
Phone *
Email *
Country *
Question or Comments
Inquiry Type *
Comments 
Enter the above code here:
Close
Thank you!
The form has been successfully submitted. A representative from client services will be in contact with you shortly.