TEXT-Moody's says negative outlook for Euro auto part mfgs

Newswire

(The following statement was released by the rating agency) March 31 - The outlook for European automotive parts manufacturers is negative, reflecting the industry's ongoing challenges of decreased vehicle demand and auto supplier volumes, says Moody's Investors Service in a new report. The degree to which suppliers are able to maintain revenue, earnings and free cash flow in the midst of substantial drops in vehicle production volumes will be a major determinant of ratings in the coming ...

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