January 12, 2010
Fitch Ratings has upgraded the issuer default rating for Ford Motor Company and Ford Motor Credit Company to 'B-' from 'CCC'; the outlook remains positive.
Tags: Fitch Ratings, Ford Motor Company, Ford Motor Credit, TALF
November 3, 2009
Ford Credit reported net income of $427 million in the third quarter, an increase of $332 million from earnings of $95 million a year earlier.
Tags: Ford Motor Credit
August 20, 2009
Ford Motor Credit Company celebrated Friday its 50th anniversary. It was incorporated as Ford Motor Company's financing subsidiary on Aug. 20, 1959, dedicated to supporting Ford, its dealers and its customers.
July 28, 2009
Ford Motor Credit Company reported net income of $413 million in the second quarter of 2009, an improvement of $1.8 billion from a net loss of $1.4 billion a year earlier.
April 24, 2009
The auto finance industry struggled through the first quarter of this year, but several companies reported lower losses compared to the fourth quarter 2008.
Tags: AmeriCredit, BMW Financial Services, Capital One, Ford Motor Credit, General Electric, JPMORGAN CHASE, quarterly finance report, WELLS FARGO
April 7, 2009
Ford Motor Company announced Monday the completion of debt restructuring initiatives that will reduce its debt by $9.9 billion from $25.8 billion. The move was viewed as a positive step, although ratings agencies believe Ford’s fundamental business risks remain unchanged.
Tags: Ford Motor Company, Ford Motor Credit
March 24, 2009
Ford Motor Credit Company said it will take a bigger chunk out of Ford Motor Company’s $2.2 billion in term loan debt by increasing last week’s $500 million pledge to $1 billion.
March 12, 2009
Experian Automotive’s AutoCount has ranked the top auto finance lenders for 2008, listing Toyota Financial Services at the No. 1 spot and revealing that GMAC, Ford Motor Credit and Chrysler Financial Services lost significant market share in a watershed year for the U.S. automotive industry.
Tags: American Honda Finance , BMW Bank of North America, Capital One Auto Finance, Chase Auto Finance, Chrysler Financial Services , Ford Motor Credit, GMAC Financial Services, Nissan Infiniti Financial Services, Toyota Financial Services, Wachovia Dealer Services
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