E-NEWSLETTER

Ford Motor Company and its finance arm, Ford Motor Credit Company, reported first-quarter profits today, but company executives remained cautious about the auto industry’s overall recovery.

Tags: Ford, Ford Motor Credit

Higher sales for every brand and in every product category propelled Ford to a 24 percent sales increase in January versus a year ago.

Tags: Ford, Ford Motor Credit

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

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

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.

Tags: Ford Motor Credit

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.

Tags: Ford Motor Credit

Automotive retailer Group 1 Automotive Inc. said today that it reduced the borrowing capacity under its credit arrangement with Ford Motor Credit Company for floorplan financing from $300 million to $150 million, with no change to the terms or pricing.

Tags: Ford Motor Credit, Group 1

Alliance Inspection Management Inc. (AiM) struck an agreement with Ford Motor Credit Company to takeover floorplan audits at dealerships with wholesale financing from the captive lender. The vehicle inspection company will also conduct lease-end inspections of vehicles financed by the captive finance company.

Tags: floorplanning, Ford Motor Credit, lease-end inspections

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

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

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.

Tags: Ford Motor Company, Ford Motor Credit

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

Ford Motor Credit Co. said Thursday it expected to cut 20 percent, or about 1,200 employees, of its workforce. The reduction was partly due to a decline in sales at Ford Motor Co., but the move was also attributed to the sale of several brands previously owned by its parent company.

Tags: Ford Motor Credit