The automotive industry faces financial distress, with rising consumer auto loan defaults, supplier bankruptcies, and widespread high-risk conditions. Recent PAYCE® Score data from SupplyChainMonitor™ revealed four private company bankruptcies and identified over 600 U.S. automotive firms in High Risk status. Sourcing professionals can map suppliers, monitor financial health, and receive early alerts on critical disruptions - such as the Novelis plant fire and financial strain at HP Pelzer and Superior Industries.
Resources
Stay Ahead With In-Depth Analytics on Public And Private Companies
Blog Post
High Risk Report
Bermuda-based offshore drilling rig fleet operator Nabors Industries Limited recently completed a distressed exchange, yet its losses are recurring and leverage remains elevated.
Bankruptcy Case Study
With consumer demand plummeting because of the COVID-19 pandemic, highly leveraged automotive supplier Shiloh Industries, Inc. has filed for Chapter 11 restructuring.
Thought Leadership
CreditRiskMonitor recently interviewed Patrick Spargur, an experienced commercial debt collections executive, and former credit manager, on the economic downturn and relevant credit industry best practices to use in this challenging environment.
Brochure
The new FRISK® Stress Index is a fast, powerful way to see risk levels of industries, countries or your portfolio.
