3:25 pm U.S. ET | Jan. 25, 2013 Ford, responding to soft sales for the Ford Focus EV and recent moves by rivals, has launched a wave of discounts and special lease deals to spur demand for the alternative-powered compact car.... Read More »
4:19 pm U.S. ET | Oct. 22, 2012 Ford Motor Credit CEO Mike Bannister will retire after 39 years, Ford said today. Bernard Silverstone, Ford Credit’s COO since January, will succeed Bannister, effective Jan. 1.... Read More »
Q&A: BERNARD SILVERSTONE, FORD MOTOR CREDIT CO.
12:01 am U.S. ET | Sept. 10, 2012 While its Detroit competitors were buffeted by bankruptcy and the loss of their captive finance arms during the 2009 financial crisis, Ford Motor Credit Co. soldiered on doing what it was created to do when it was founded in 1959: provide funds for Ford dealers and their customers. The consistency has paid off. Among captives, Ford Credit trails only Toyota Financial Services in market share, according to Experian Automotive.... Read More »
12:01 am U.S. ET | Sept. 3, 2012 After the collapse of credit in the recession, lenders have returned strongly to financing auto sales. Car dealers are finding lenders eager to finance their deals, including subprime loans. In fact, so many auto lenders are trying to sign up to buy indirect loans from Findlay Automotive Group in Henderson, Nev., that it's almost a nuisance.... Read More »
12:01 am U.S. ET | Aug. 8, 2012 Good news for dealerships: Credit losses are set to increase from historic lows. Why is that good news? It means lenders are approving more subprime loans, something dealers have wanted.... Read More »
4:06 pm U.S. ET | July 27, 2012 Ford Motor Credit said today that will it allow Florida customers affected by Tropical Storm Debby to delay some car and truck payments.... Read More »