Ford Motor Credit Company Description
Seems its trucks aren't the only things built Ford tough. The automaker's subsidiary, Ford Motor Credit, is proving to be pretty resilient, too. One of the world's largest auto financing companies, it funds autos for and through Ford, Lincoln, Mercury, Jaguar, Land Rover, Mazda, and Volvo dealerships in more than 35 countries. It finances new, used, and leased vehicles (including more than 40% of new Fords sold in the US) and provides wholesale financing, mortgages, and capital loans for dealers. The company also provides business fleet financing. It sold APCO, which provides extended-care warranties for new and used vehicles, to private equity firm Stone Point Capital and APCO's management in 2007.
View the Comprehensive Company Description for Ford Motor Credit
The Company Description provides a historical perspective of Ford Motor Credit's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Ford Motor Credit's evolution in the marketplace.
