Ford Credit Rolls Out Discount Car Insurance Program
Ford Motor Credit has launched Ford Insure, a new program underwritten by Nationwide and designed to offer car buyers auto insurance at rates discounted by as much as 40%.
October 17, 2019
Ford Motor Credit has launched Ford Insure, a new program underwritten by Nationwide and designed to offer car buyers auto insurance at rates discounted by as much as 40%.
October 17, 2019
The captive announced a new connection to San Francisco-based AutoFi, which provides a platform that allows customers to purchase and finance a new vehicle via the dealership’s website.
January 23, 2017
In a dealer bulletin obtained by F&I and Showroom, Ford Motor Credit announced the availability of 84-month financing on new retail and subvented rate contracts. The bulletin urges dealers to consider the negative impacts of longer term loans.
April 14, 2016
Former executives of Capital One and Ford Motor Credit Co. have joined the board of SpringboardAuto.com, a new direct-to-consumer auto loan platform launched by the former founder of CarFinance Capital.
January 26, 2016
The firm’s annual Consumer Financing Satisfaction Study showed that Lincoln Financial Services led the way in the luxury segment, while Ford Credit ranked highest in the mass market segment.
December 1, 2015
Ford Motor Credit is offering peer-to-peer car sharing through a pilot program in six U.S. cities and London. The program will allow Ford Credit customer to rent their vehicle to prescreened drivers for short-term use, offsetting monthly vehicle ownership costs.
July 9, 2015
Ford Motor Credit Company reported net income of $1.8 billion in 2011, compared with $2 billion a year earlier. On a pre-tax basis, Ford Credit earned $2.4 billion in 2011, compared with $3.1 billion in the previous year.
January 31, 2012
Ford Motor Credit appointed Bernard Silverstone as the company’s new COO. Silverstone is a 32-year veteran of the company and currently serves as the captive’s president of marketing and sales.
November 17, 2011
Ford Motor Credit Company announced the launch of Lincoln Automotive Financial Services (LAFS), a new captive established to serve Lincoln customers.
November 8, 2011
The American Financial Services Association announced that John Noone, Ford Motor Credit Company president, was appointed AFSA 2011-2012 chair.
November 1, 2011
Company officials partially attribute Ford Motor Credit Company’s $173 million decrease in earnings to reductions in credit loss reserves and other expenses, the company reported today.
July 26, 2011
Ally Financial seized on a market buoyed by new loan originations to claim the title of largest auto finance company in the United States in 2010, according to the new Auto Finance Big Wheels annual ranking of car lenders and lessors.
May 17, 2011
Ford Motor Company today reported first quarter 2011 net income of $2.6 billion, an increase of $466 million from first quarter 2010 as fuel-efficient new products, continued investment in global growth and the strengthening of Ford’s core business boosted results.
April 26, 2011
Ford Motor Credit Company reported net income of $2 billion in 2010, an improvement of $0.7 billion from earnings of $1.3 billion a year earlier.
February 1, 2011
Ford Motor Co. reported record third-quarter net income of $1.69 billion and said it will pay down its debt faster than planned.
October 26, 2010
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