TEXT-S&P releases report on global automakers

Newswire

(The following statement was released by the ratings ency) NEW YORK, June 24 - U.S. Industry demand continues to weaken gradually in the North American passenger vehicle sector, according to Standard & Poor's Ratings Services' Report Card on global automakers, published today. The report discusses vehicle markets in North America, Europe, Japan, Korea, and India. "Sales and penetration have been weak recently despite unprecedented discounting, although the market mix continues to ...

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