TEXT-S&P: Auto sales/production remain robust

Newswire

(The following statement was released by the ratings agency) NEW YORK, Sept 26 - Automotive sales and production remain at robust levels despite overall economic uncertainty, according to the report released today by Standard & Poor's Ratings Services. Consumer demand, spurred on by manufacturer incentives, remains at high levels; inventory levels are in line with or slightly lower than historic norms; and light and heavy-duty truck vehicle production levels have increased. ...

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