11
Mar
17:08
Moody's issues negative automotive outlook after sales slow
Global light vehicle sales are unlikely to recover meaningfully in 2019 and 2020 after declining during the latter part of 2018, says Moody’s. The credit rating agency has therefore changed its outlook on the global auto manufacturing industry to negative from stable.
Global light vehicle sales totalled 94.9 million units in 2018, short of Moody’s previous forecast of 95.5m. The agency now expects unit sales growth of just 0.5% in 2019, down from the…
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