Automotive Sector Transformation
The automotive sector is undergoing a fundamental shift in terms of how cars are made, used and financed. Driven by technology, sustainability and changing consumer preferences, this transformation will have major ramifications for sectors globally.
  • 概要
  • レポート

  • SECTOR IN-DEPTH
    08 Jul 2021|Moody's Investors Service
    The automotive manufacturing industry has high social risk, with elevated exposure to demographic and societal trends, responsible production and human capital considerations. Product recalls, supplier network disruptions and labor actions can pose significant risks, while stricter environmental regulations and evolving consumer preferences are driving growth in electrified vehicle production and greater use of mobility services.

    SECTOR IN-DEPTH
    23 Jun 2021|Moody's Investors Service
    Our latest carbon transition assessments (CTAs) for global automakers have improved since we first published automaker CTA scores in 2019. The median CTA score for 19 leading automakers is CT-5, indicating strong positioning on our 10-point CTA scale. This represents a one-notch improvement from the previous median score of CT-6, which reflected moderate positioning.

    SECTOR IN-DEPTH
    12 Apr 2021|Moody's Investors Service
    The direct spending and tax credits in the proposed $2.3 trillion American Jobs Plan would, if enacted, benefit sectors including US state and local governments, infrastructure assets, auto manufacturing and electric utilities.

    SECTOR IN-DEPTH
    25 Mar 2021|Moody's Investors Service
    The pace of automakers’ investments in alternative-fuel vehicles (AFV) is acceleratingas AFVs will account for nearly 40% of global new vehicle registrations by 2030. However, getting sufficient returns will be a major challenge for automakers because of high battery costs and nascent demand that limits large-scale production.

    25 Feb 2021|Moody's Investors Service
    Electric-vehicle battery makers will generally benefit from rising battery demand, but rapid business expansion and investments in innovative technology to maintain a competitive edge will come with operational risks and the challenge of keeping leverage stable. Mihoko Manabe and Motoki Yanase of the Corporates team in Tokyo examine the credit implications for rated battery makers in this podcast.

    SECTOR COMMENT
    22 Jan 2021|Moody's Investors Service
    Insufficient supplies of chips used in engines, transmissions, safety features and information systems are credit neutral for automakers, which have the flexibility to mitigate the impact on profitability. The shortage is credit positive for semiconductor companies, which are benefiting from strong demand and may be able to increase prices.
    ISSUER IN-DEPTH
    14 Jan 2021|Moody's Investors Service
    The merger of Fiat Chrysler and Peugeot creates a combined entity called Stellantis that has a higher degree of regional diversification than the standalone companies, as well as greater technological and fleet diversification and improved operating efficiency thanks to merger cost savings and Peugeot’s track record of strong pricing and cost management.