Donald Winkler, the Ford Credit chairman and chief executive who was abruptly dismissed last year, has received a $962,500 severance payout, according to just-auto.com.

Winkler received the equivalent of 15 months of salary and, among other benefits, was allowed to keep a Jaguar company car, the Web site said.

As part of the pact, Winkler agreed not disparage Ford, according to just-auto.com.

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