TEXT-S&P: Start of a fragile recovery for US autos


(The following statement was released by the rating agency) Jan 25 - Standard & Poor's Ratings Services' recent rating actions on U.S. auto suppliers and Ford Motor Co. reflect what we believe to be the start of a weak and fragile recovery for the U.S. auto industry, according to an industry economic and ratings outlook published today on RatingsDirect. The report, titled "U.S. Automotive Economic Outlook Appears Tentative," says the recovery has been sufficient for many companies to ...

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