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.
22 Dec 2020
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PODCAST
08 Dec 2020|Moody's Investors Service
Elena Nadtotchi and Matthias Heck of the Corporates team and Nana Hamilton of the Infrastructure team explore the outlook for global oil and gas producers, global auto makers, US regulated power utilities, and European unregulated utilities. The oil and gas and auto industries’ capital spending will come under pressure following a coronavirus-induced drop in revenues during 2020, although companies continue to invest in carbon transition. Utilities’ capital spending will remain robust because the pandemic has had less impact on them.
07 Dec 2020
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OUTLOOK
07 Dec 2020|Moody's Investors Service
Our 2021 outlooks for global automotive manufacturers, North American auto parts suppliers and European auto parts suppliers are all stable, driven by our expectations that global car sales will rebound from the trough of 2020. The recovery will be uneven and will take until mid-decade to reach the previous cyclical peak achieved in 2018.
SECTOR IN-DEPTH
19 Nov 2020|Moody's Investors Service
Following their stronger-than-expected operating results in the third quarter, European auto parts suppliers will have to replace the nonrecurring cost savings that drove their recent operating improvements with more sustainable cost measures.
SECTOR IN-DEPTH
17 Nov 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.
OUTLOOK
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
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SECTOR IN-DEPTH
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.