TEXT-S&P report says Europe's carmakers are cruising at two speeds


(The following statement was released by the rating agency) March 29 - -- The European car market is heading toward at least a 5% decline in 2012 because of weak economic growth. -- We anticipate that the credit impact will be harsher for some European automakers than others depending on company-specific factors. -- Downgrades appear possible for some automakers. While the European auto market as a whole is set to shrink this year in sales volumes, carmakers are continuing to take to ...

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