...Solid Performance for the U.S. Auto Manufacturers General Motors Company (GM, BBB¡/Stable), Ford Motor Company (Ford, BBB¡/ Positive) and FCA US LLC (FCA US, not rated) all posted solid results in first-half 2015, thanks to continued improvement in the U.S. economy, low gasoline prices, easy consumer credit conditions and stabilizing conditions in Western Europe. Fitch Ratings expects the U.S. market to remain strong in second-half 2015, with light truck demand leading the way, but deteriorating conditions in China are a concern. The South American and Russian markets will remain weak, but Western Europe may be a little stronger than initially expected. U.S. Auto Supplier Performance Clouded by Foreign Exchange U.S. auto suppliers have generally experienced volume growth above the rate of global auto production so far this year. However, the strengthening of the U.S. dollar against most major currencies has resulted in lower revenue and earnings for the larger global suppliers. Assuming...
