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Ford Credit

Ford Reports Record 3Q Profit

Ford Motor Co. reported record third-quarter net income of $1.69 billion and said it will pay down its debt faster than planned.

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Ford and Captive Finance Unit Report 2Q Profits

Ford Motor Company and Ford Motor Credit both reported second-quarter profits last week, improving on the results from the year-ago period.

Ford Credit, Ford Motor Report Strong 1Q Earnings

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.

Ford Kicks Off 2010 With 24 Percent Sales Increase

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

Fitch Raises Ratings on 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.

Ford Credit Earns $427 Million in 3Q

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.

Shifting Out of Survival Mode

The industry shows signs of improvement in July and August, with AmeriCredit reporting a 4Q profit and DealerTrack increasing its number of active finance sources.

Ford Motor Credit Marks 50th Anniversary

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.

Ford Credit Earns $413 Million in 2Q

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.

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Group 1 Reduces Ford Motor Credit Financing Capacity

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.