Industry & Services >> Analyst Interviews >> June 9, 2008

AUTOMOTIVE & AUTO PARTS: AN OVERVIEW – EFRAIM LEVY – STANDARD & POOR’S U.S. EQUITY RESEARCH GROUP

TWST: Efraim, where do we stand at this juncture in the auto and auto parts

industries?

Mr. Levy: On a fundamental basis, we are negative on both the auto and the auto

parts industries for