Europe Autos Reset: Competition, Costs and Credit Risks
Know More. Risk Better. Podcast | Season 10, Episode 25
In this episode of the Know More. Risk Better. podcast, the conversation explores how cyclical weakness and structural disruption are reshaping the outlook for European autos and influencing credit markets. Logan Miller is joined by Jim Williamson to discuss the growing impact of Chinese EV competition on market share, margins, and the long-term positioning of European OEMs, alongside lessons from historical US-Japan auto competition.
They examine the divergence between credit and equity signals, the role of protectionism and cost pressures, and how shifting fundamentals could affect investor risk sentiment. The episode delivers a clear, forward-looking perspective to help investors navigate credit positioning in an increasingly complex autos landscape.
Watch on YouTube:
Speakers:
Logan Miller, Head of European Strategy, CreditSights:
Logan leads European strategy across investment grade and leveraged finance markets, developing market views and investment recommendations for institutional investors.
Jim Williamson, Autos Senior Analyst, CreditSights:
Jim works on the European Autos and Industrials sectors, with a focus on OEMs and suppliers across both investment grade and high yield.
Timestamps:
00:00 Introduction to the European Auto Market Dynamics
07:07 Historical Context: Japanese Competition in the US
15:49 Current Challenges: Chinese OEMs in Europe
20:03 Future Outlook: Restructuring and Market Share Dynamics
23:41 Navigating Credit Challenges in Short-Dated Bonds
27:30 Cyclical vs. Secular Trends in the Auto Sector
30:07 Shareholder Returns vs. Capital Protection
35:30 Event Risks and National Champions in Europe
37:01 Positioning Strategies in a Challenging Environment
Related Resources:
Euro Autos: Barbarians at the Gates (1/3)
Read MoreEuro Autos: Barbarians at the Gates (1/3)
Euro Autos: Barbarians at the Gates (2/3)
Read MoreEuro Autos: Barbarians at the Gates (2/3)
Euro Autos: Barbarians at the Gates (3/3)
Read MoreEuro Autos: Barbarians at the Gates (3/3)
Listen on Spotify:
Listen on Apple Podcasts:
More from our team:
U.S. Special Situations Outlook: LMEs, Litigation and Bankruptcy
Read More
Conflict, Commodities and the Price of Disruption
Read More
The Ins and Outs of European Hybrids
Read More
AI in Action: Private Credit’s Next Edge with Liquidity
Read MoreKnow More. Risk Better.®
Sign up to receive our latest credit insights direct to your inbox.
