Major car brands likely to survive the corona virus crisis
Major car manufacturers are financially resistant to the pressures of the corona crisis. European and Asian car manufacturers in particular have sufficient financial resources, according to credit rating agency Moody’s.
According to Moody’s, the liquidity position of car groups is stronger than ten years ago in the financial crisis. Profitability is lower than a decade ago, but according to Moody’s, debts are not currently a major pressure point.
According to the agency, car companies can also take advantage of the large support packages announced by governments. The main indicators of credit assessment will be how the recovery in profitability, margins and how quickly they can make money over the next two years, Moody’s says.