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
Fitch estimates that the break-even industry sales level for the Detroit Three and major parts suppliers is now about 10.5 OEMs and suppliers have also taken steps to bolster their balance sheets since 2009, with generally solid liquidity positions and ample credit facility availability across the industry.
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