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| Brief Excerpt: | ...Sales Recovery in Europe Mitigates Pressure in Other Markets Fitch believes that growth potential for new passenger car sales remains significant in Europe. We currently assume growth of 5%-6% in Europe in 2016 from a combination of pent-up demand and still broadly favourable economic conditions. Sales are recovering further in Europe, growing 7.8% year-to-date April 2016 in western Europe and 14.8% in central and eastern Europe. However, sales remain approximately 10% off their peak of 2007. The rebound in Europe helps offset the sales decline or slowdown in other large markets, and we believe will support European manufacturers' earnings in 2016. We expect Daimler, Renault and FCA's industrial operating margins to increase this year, BMW's to remain about stable at robust levels, and PSA's to decline moderately after the significant strengthening posted in 2015. VW's profitability will depend on customers' reaction to new products and updated strategy as well as total charges related... |
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| Report Type: | |
| Company(ies) | STELLANTIS N.V.
, Renault SA
, Volkswagen AG
, Mercedes-Benz Group AG
, PEUGEOT SA
, Mercedes-Benz (Thailand) Limited
, Banco Fidis S.A.
, MERCEDES-BENZ FINANCE CANADA INC.
, Mercedes-Benz South Africa (Pty) Ltd.
, AYVENS BANK NV
, Fiat Chrysler Finance Europe SENC
, Mercedes-Benz International Finance B.V.
, Daimler Mexico S.A. de C.V.
, MERCEDES-BENZ FINANCE NORTH AMERICA LLC
, Mercedes-Benz Australia/Pacific Pty Ltd
, Mercedes-Benz Japan Co., Ltd.
, Volkswagen Finance Private Limited
, MERCEDES-BENZ FINANCIAL SERVICES INDIA PRIVATE LIMITED
, Volkswagen International Finance N.V.
, Banco Mercedes-Benz Do Brasil S.A |
| Ticker(s) | |
| Issuer | Volkswagen Group |
| Format: | | PDF |  |
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