CreditOutlook:GlobalAutosOct.31,2023ThisreportdoesnotconstitutearatingactionContentsCurrentRiskFactors4GlobalLightVehicleForecast5Ratings6Appendix13RelatedResearch152KeyTakeaways−Lightvehicle(LV)productionisadjustingtoaweakerdemandenvironment.−LVsalesarecatchingupinboththeU.S.andEuropeansectorsthisyear,butwebelievewilllosemomentumfrom2024.Chinanolongerdrivesglobalgrowth.−Wenotemorepronouncedpricingriskinthevolumemarketwhilecompetitionincreases.−Electricvehicle(EV)penetrationisincreasing,butprogressingunevenlyinEurope;theEVinventoryisincreasingintheU.S.−Weseemixedeffectsandorderbooksdelayingprofitabilitypressure,butthecombinationofsofterpricingandincr...