Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units
Green Car Congress
JANUARY 4, 2012
rapidly weakening worldwide economy causes the global auto market to collapse, much as it. did in 2009, resulting in a significant decline in vehicle production, Fitch could switch the rating to Negative. Fitch estimates that the break-even industry sales level for the Detroit Three and major parts suppliers is now about 10.5
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