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Ford Credit Earns First Quarter 2014 Pre-Tax Profit of $499 Million; Net Income of $312 Million

Apr-25-2014 7:00 AM ET

DEARBORN – Ford Motor Credit Company reported a pre-tax profit of $499 million in the first quarter of 2014, compared with $507 million a year earlier. The change in pre-tax profit was driven by higher volume, reflecting increases in nearly all products globally, largely offset by unfavorable lease residual performance in North America. Ford Credit’s net income was $312 million in the first quarter of 2014, compared with $364 million in the previous year.

Ford Credit Earns Full Year 2013 Pre-Tax Profit of $1.8 Billion; Net Income of $1.5 Billion

Jan-28-2014 7:00 AM ET

​DEARBORN – Ford Motor Credit Company reported a pre-tax profit of $1.8 billion in 2013, compared with $1.7 billion a year earlier.  The improvement was more than explained by higher volume, primarily in North America, driven by an increase in leasing reflecting changes in Ford’s marketing programs, as well as higher non-consumer finance receivables due to higher dealer stocks.  Partial offsets were higher credit losses due to lower credit loss reserve reductions in all geographic segments and unfavorable residual performance related to lower than expected auction values in North America.  Ford Credit’s net income was $1.5 billion in 2013, compared with $1.2 billion in the previous year.

Ford Credit Reports Third Quarter Pre-Tax Profit of $427 Million; Net Income of $272 Million

Oct-24-2013 7:25 AM ET

​DEARBORN – Ford Motor Credit Company reported a pre-tax profit of $427 million in the third quarter of 2013, compared with $393 million a year earlier. The increase in   pre-tax earnings is more than explained by higher volume in North America. The drivers of higher volume were an increase in leasing, reflecting changes in Ford’s marketing programs, as well as higher non-consumer finance receivables due to higher dealer stocks. 

Ford Credit Employee Shares Experience with Breast Cancer

Oct-16-2013 5:55 AM ET

​DEARBORN - When Anne Gyurnek turned 40, her primary care physician recommended that she have a baseline mammogram.  She had it done and didn’t think much about it until she received a call back from the doctor’s office telling her that the results looked suspicious and she needed to have the test repeated.

Mastering Big Data Today Leads to Better Business Tomorrow

Oct-02-2013 10:20 AM ET

​DEARBORN - Big data has become big business. The ability to capture, store, process and analyze large volumes of data has become critical to the success of any major corporation, which is why big data played a significant role in the Fifth Annual Ford Analytics Conference that was held in the Research and Innovation Center.

Ford Credit Reports Second Quarter Pre-tax Profit of $454 Million; Net Income of $275 Million

Jul-24-2013 7:45 AM ET

​DEARBORN – Ford Motor Credit Company reported a pre-tax profit of $454 million in the second quarter of 2013, compared with $438 million a year earlier. The increase in pre-tax earnings is more than explained by higher receivables and financing margin, offset partially by lower credit loss reserve reductions. Ford Credit's net income was $275 million in the second quarter, compared with $296 million in the previous year.

For Customers Affected by Recent Storms, Ford Credit and Lincoln Automotive Financial Services Offer Financial Relief

May-29-2013 12:05 PM ET

​DEARBORN – Ford Motor Credit Company and Lincoln Automotive Financial Services are offering customers affected by the recent tornado and other storm damage the option to delay some car and truck payments. The disaster relief program allows qualified customers to delay one or two monthly payments, resuming their regular payment schedules when their situations improve.

Ford Credit Earns Full Year 2012 Pre-Tax Profit of $1.7 Billion, Net Income of $1.2 Billion

Jan-29-2013 7:10 AM ET

​DEARBORN – Ford Motor Credit Company reported a pre-tax profit of $1.7 billion in 2012, compared with $2.4 billion a year earlier. The decrease in pre-tax earnings is more than explained by fewer lease terminations, which resulted in fewer vehicles sold at a gain, and lower financing margin as higher yielding assets originated in prior years run off. Ford Credit’s net income was $1.2 billion in 2012, compared with $1.8 billion in the previous year.

Thousands Enter Ford Credit Free Escape Contest

Dec-17-2012 11:10 AM ET

​DEARBORN - The submissions have been made, they’ve been narrowed by a committee, and now it’s up to the people to decide who wins a 2013 Ford Escape from Ford Motor Credit Company.

Ford Credit Chairman and CEO Mike Bannister to Retire; Bernard Silverstone Named as Successor, Effective Jan. 1

Oct-22-2012 12:00 PM ET

​DEARBORN – Ford Motor Company today announced that Mike Bannister, executive vice president and chairman and CEO of Ford Motor Credit Company, has elected to retire effective Jan. 1, 2013, after 39 years of service.

For Customers Affected by Tropical Storm Debby, Ford Credit Offers Financial Relief

Jul-30-2012 6:35 AM ET

​DEARBORN – Ford Motor Credit Company is offering customers affected by Tropical Storm Debby in Florida the option to delay some car and truck payments. Ford Credit’s Disaster Relief Program allows qualified customers to delay one or two monthly payments, resuming their regular payment schedules when their situations improve.

Ford Credit Earns $296 Million Net Income in the Second Quarter of 2012

Jul-25-2012 7:00 AM ET

​DEARBORN – Ford Motor Credit Company reported net income of $296 million in the second quarter of 2012, compared with $383 million a year earlier.  On a pre-tax basis, Ford Credit earned $438 million in the second quarter, compared with $604 million in the previous year.

Ford Credit Earns $295 Million Net Income in the First Quarter of 2012

Apr-27-2012 7:15 AM ET

​DEARBORN – Ford Motor Credit Company reported net income of $295 million in the first quarter of 2012, compared with $451 million a year earlier.  On a pre-tax basis, Ford Credit earned $452 million in the first quarter, compared with $713 million in the previous year.  The decrease in pre-tax earnings is primarily explained by fewer lease terminations, which resulted in fewer vehicles sold at a gain, lower financing margin, and lower credit loss reserve reductions.