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Ford's Finance Arm Settles with SEC

March 11, 2005

DETROIT -- Ford Motor Co.'s finance arm has agreed to pay $760,000 to settle with the Securities and Exchange Commission on an inquiry relating to its money market account program, Reuters reported.

U.S. regulators had sought information from Ford Credit in January 2004 regarding the use of certain marketing and solicitation materials related to offering of debt securities under the program, Ford said.

According to the filing, Ford Credit made the offer to settle, but neither admitted nor denied any wrongdoing.

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