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United States

Fitch Says Honda, Toyota To Benefit From China's Auto Market Recovery


Friday, 17 May 2019 08:00am EDT 

May 17 (Reuters) - Toyota Motor Corp <7203.T>::FITCH SAYS HONDA, TOYOTA TO BENEFIT FROM CHINA'S AUTO MARKET RECOVERY.FITCH SAYS HONDA & TOYOTA ARE WELL-POSITIONED TO GAIN FROM CHINA RECOVERY DUE TO PRODUCT LINE-UPS & REPUTATIONS FOR OFFERING CARS AT COMPETITIVE PRICES.FITCH SAYS CHINA IS BECOMING AN INCREASINGLY IMPORTANT MARKET FOR JAPANESE BRANDS, ESPECIALLY TOYOTA AND HONDA.FITCH SAYS DEMAND IN DOMESTIC JAPANESE AUTO MARKET IS SOFTENING & THERE IS A SIMILAR TREND IN U.S., ESPECIALLY IN SEDAN SEGMENT.FITCH SAYS RISKS OF FURTHER TRADE CONFLICTS WITH U.S. ARE RISING AND CAR MARKET IS LIKELY TO BE AMONG MOST AFFECTED. 

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