Ford settles FTC dispute
WASHINGTON - Ford Motor Credit Co. agreed to pay $650,000 to settle complaints that it discriminated against unmarried couples applying for car loans, the Federal Trade Commission said. Ford said it will pay $500 to each of about 1,000 loan holders because of the disputed credit-rating practice, Bloomberg News Service reported. Ford was accused of violating the Equal Credit Opportunity Act between May 1994 and August 1995 by failing to consider the total income of unmarried couples, a practice forbidden by law. The FTC said the settlement was one of its largest involving credit discrimination.
LIGOCKI GETS MEXICO POST
MEXICO CITY - Kathleen Ligocki will be the new president and general director for Ford of Mexico on Jan. 1. She currently is director of business strategy and competitive analysis at Ford Motor Co. Ligocki will replace Jose Manuel Machado, who will become Ford's president of new business strategy operations for South America.
DELPHI WINS VOLVO PACT
DETROIT - Delphi Automotive Systems Corp. has signed a contract with Volvo Truck North America worth at least $10 million annually to manufacture wiring harnesses for Class 8 commercial trucks. The deal will make Delphi the market leader in North American commercial truck wiring sales, with more than a 50 percent share. Delphi's Packard Electric Systems Division of Warren, Ohio, will supply main cab and engine wiring assemblies to Volvo Truck's Dublin, Va., assembly plant.