WASHINGTON -- The downgrade of Nissan’s credit rating from investment grade to junk by S&P Global marks the start of a cycle that could see as much as $55 billion of so-called "fallen angels" this year, said fund managers.
WASHINGTON -- The downgrade of Nissan’s credit rating from investment grade to junk by S&P Global marks the start of a cycle that could see as much as $55 billion of so-called "fallen angels" this year, said fund managers.
Automakers and dealers that are in states adopting California’s Advanced Clean Cars II rule – which sets ambitious, annually escalating ZEV sales mandates and threatens stiff penalties for noncompliance – face a daunting challenge