$100 Oil: The Impact on Auto Makers

S&P is not predicting $100 a barrel oil but notes that it would hit some already struggling U.S. carmakers pretty hard

While Standard & Poor's is not forecasting triple-digit oil prices, the much-discussed prospect of $100 per barrel crude oil and the resulting increase in the cost per gallon of gasoline could only be considered a serious negative for U.S.-based auto makers and their suppliers. And this is clearly an industry that has already had its share of bad news.

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