2009 Press Releases

FORD CREDIT EARNS $427 MILLION IN THE THIRD QUARTER OF 2009^*
DEARBORN, Mich., November 2, 2009 – Ford Motor Credit Company reported net income of $427 million in the third quarter of 2009, an increase of $332 million from earnings of $95 million a year earlier. On a pre-tax basis, Ford Credit earned $677 million in the third quarter, compared with $161 million in the previous year. On a pre-tax basis, Ford Credit earned $1.3 billion in the first nine months of 2009.(continue...)

Ford Motor Credit Company Marks 50-Year Milestone^*
DEARBORN, Mich., Aug. 20, 2009 - Ford Motor Credit Company today celebrates its 50th anniversary. It was incorporated as Ford Motor Company's financing subsidiary on Aug. 20, 1959, dedicated to supporting Ford, its dealers and its customers.(continue...)

FORD CREDIT EARNS $413 MILLION IN THE SECOND QUARTER OF 2009^*
DEARBORN, Mich., July 23, 2009 - Ford Motor Credit Company reported net income of $413 million in the second quarter of 2009, an improvement of $1.8 billion from a net loss of $1.4 billion a year earlier. On a pre-tax basis, Ford Credit earned $646 million in the second quarter, compared with a loss of $2.4 billion in the previous year.(continue...)

FORD MOTOR CREDIT REPORTS FIRST QUARTER 2009 PRELIMINARY RESULTS^*
DEARBORN, Mich., April 24, 2009 - Ford Motor Credit Company reported a net loss of $13 million in the first quarter of 2009, a decrease of $37 million from net income of $24 million a year earlier. On a pre-tax basis, Ford Motor Credit reported a loss of $36 million in the first quarter, compared with earnings of $32 million in the previous year.(continue...)

FORD MOTOR CREDIT REPORTS 2008 PRELIMINARY RESULTS^*
DEARBORN, Mich., January 29, 2009 - Ford Motor Credit Company reported a net loss of $1.5 billion in 2008, a decrease of $2.3 billion from net income of $775 million a year earlier. On a pre-tax basis, Ford Motor Credit reported a loss of $2.6 billion in 2008, including the second quarter 2008 impairment charge of $2.1 billion for North America operating leases, compared with earnings of $1.2 billion in the previous year. The decrease in full year pre-tax earnings is more than explained by the impairment charge, a higher provision for credit losses, and higher depreciation expense for leased vehicles.(continue...)