CDSs widen on European auto industry

The cost of credit protection on European auto manufacturers rose in early European trading today, reversing gains made yesterday, while Japanese corporates continued to suffer.

Five-year senior credit default swap (CDS) spreads referencing Daimler moved out to 270bp at 11:00am today from 250bp at close of trading in New York yesterday, according to data from credit information specialist CMA Datavision.

CDSs on fellow German car makers Porsche and BMW widened to 561.7bp and 268.6bp from 543.6bp and 251.5bp, while spreads on Volkswagen moved from 192.8bp to 206.7bp.

Spreads on Swedish automakers Volvo and Scania widened to 432.5bp from 420bp and to 284.6bp from 267.5bp.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here