17 Sep 2020|Moody's Investors Service
The pandemic will hasten the auto industry’s localization of supply chains and reduce production capacity amid a heightened focus on workplace safety. It will also accelerate the sector’s shift to electrified vehicles as governments use stimulus measures to support decarbonization goals.
Automotive Manufacturing – Global: Auto outlook rises to stable with demand bottoming; recovery will be slow
08 Sep 2020|Moody's Investors Service
Auto shipments plummeted as a result of the coronavirus and are now reaching a bottom. We expect a rebound to pre-downturn levels will be slow, with considerable downside risk.
31 Aug 2020
Moody's Investors Service
Automotive Parts Suppliers – Global: Coronavirus-fueled drop in demand to weaken credit metrics through 2022
12 Aug 2020|Moody's Investors Service
Our expectations for a sharp decline in global auto unit sales this year and uncertainty over the pace of the subsequent recovery will pressure global automotive parts suppliers.
30 Jun 2020|Moody's Investors Service
The coronavirus compounds the challenges already confronting the global auto industry and we estimate that global light vehicle sales will fall by at least 20% this year, and by more in North America, Europe, the Middle East and Africa. Over the past three months we downgraded 40% of the auto manufacturers we rate, involving about $130 billion of debt.