TEXT-S&P: Improved sales are supporting Automaker credit quality

Newswire

(The following statement was released by the ratings agency) Jan 31 - Improved sales in some developed markets and sustained demand in emerging markets should keep global production volumes and sales in 2011 slightly up on last year, says Standard & Poor's Ratings Services today in its latest industry report. Global automakers' results for 2010 benefited from better production volumes than we had expected earlier in the year in most markets, says the report, entitled "Recovering ...

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