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
Relative to the last downturn, operating profiles are more resilient as a result of capacity reduction, lower fixed costs, and a more manageable labor cost structure linked to the recently ratified United Auto Workers (UAW) contracts. —“2012 Outlook: US Auto Manufacturers and Suppliers”. than was seen in 2010 and 2011.
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