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GM targets investment grade credit rating this year, CEO says


GM aims to achieve an investment grade credit rating this year and to have all five of its business units post profits or break-even by 2015, CEO Dan Akerson said. The executive said on Wednesday that he wants GM's margins to be among the industry's best by roughly 2015, when the company expects to break-even in Europe, where is sells cars ...
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Fiat Industrial and tractor unit CNH Global to merge
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Moody’s updates Ford Motor Credit rating to Baa3
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Standard & Poor’s: Fiat downgraded because of weak European results
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S&P raised TRW Automotive rating outlook
Standard & Poor's Ratings Services raised its outlook for TRW Automotive Inc. to "Positive" from "Stable. The rating service is increasing the potential for an upgrade into investment grade in ...
Standard & Poor’s raises BorgWarner credit to BBB+
Standard & Poor's, the United States-based financial services company has raised BorgWarner Inc.'s corporate credit rating citing the auto-parts maker's strong market position in a tough global industry. “As a result, ...
Moody’s downgrades PSA Peugeot Citroen
Moody's Investor Services Thursday lowered Peugeot's rating by one notch to Ba1, the highest so-called "speculative" grade, a day after the French automaker announced a 1 billion euro ($1.34 billion) ...
Impact: Moody’s changes Honda’s rating outlook to negative
Moody's Japan K.K. has changed to negative from stable its outlook for the A1 the senior unsecured long-term and issuer ratings of Honda Motor Co., Ltd. and its supported subsidiaries. The ...
Standard & Poor’s raised Ford two levels to “BB+” from “BB
Standard & Poor's upgraded its credit rating on Ford Motor Co. from BB to BB+, the highest non-investment grade. The announcement comes shortly after Fitch Ratings increased its rating on ...

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