2007 Press Releases

FORD MOTOR CREDIT EARNS $334 MILLION IN THE THIRD QUARTER (pdf)
DEARBORN, Mich., November 08, 2007 - Ford Motor Credit Company reported net income of $334 million in the third quarter of 2007, down $118 million from earnings of $452 million a year earlier. On a pre-tax basis from continuing operations, Ford Motor Credit earned $546 million in the third quarter compared with $730 million in the previous year. The decrease in earnings primarily reflected the non-recurrence of credit loss reserve reductions, higher depreciation expense for leased vehicles and higher borrowing costs. (continue...)

FORD MOTOR CREDIT OFFERS FINANCIAL RELIEF TO CALIFORNIA FIRE VICTIMS (pdf)
DEARBORN, Mich., October 25, 2007 - Ford Motor Credit Company is offering customers affected by the California wild fires the opportunity to delay some car payments. Ford Motor Credit's Disaster Relief Program allows qualified customers to delay one or two monthly payments, resuming their regular payment schedules when their situations improve. (continue...)

FORD MOTOR CREDIT EARNS $62 MILLION IN THE SECOND QUARTER* (pdf)
DEARBORN, Mich., July 26, 2007 - Ford Motor Credit Company reported net income of $62 million in the second quarter of 2007, down $242 million from earnings of $304 million a year earlier. On a pre-tax basis from continuing operations, Ford Motor Credit earned $112 million in the second quarter compared with $435 million in the previous year. The decrease in earnings primarily reflected higher borrowing costs, lower credit loss reserve reductions, higher depreciation expense for leased vehicles and higher net losses related to market valuation adjustments from derivatives. Lower expenses, primarily reflecting improved operating costs, were a partial offset. (continue...)

FORD MOTOR CREDIT EARNS $193 MILLION IN THE FIRST QUARTER (pdf)
DEARBORN, Mich., April 26, 2007 - Ford Motor Credit Company reported net income of $193 million in the first quarter of 2007, down $55 million from earnings of $248 million a year earlier. On a pre-tax basis from continuing operations, Ford Motor Credit earned $294 million in the first quarter, compared with $382 million in the previous year. The decrease in earnings was more than explained by higher borrowing costs and higher depreciation expense for leased vehicles. The non-recurrence of losses related to market valuation adjustments from non-designated derivatives was a partial offset. (continue...)

FORD MOTOR CREDIT EARNS $1.3 BILLION IN 2006* (pdf)
DEARBORN, Mich., January 25, 2007 - Ford Motor Credit Company reported net income of $1,283 million in 2006, down $621 million from earnings of $1,904 million a year earlier. On a pre-tax basis from continuing operations, Ford Motor Credit earned $1,953 million in 2006, down $970 million from 2005. The decrease in full year earnings primarily reflected higher borrowing costs, higher depreciation expense and the impact of lower average receivable levels. These were offset partially by market valuations primarily related to non-designated derivatives and reduced operating costs. (continue...)