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Article: Ford Motor Credit Receives Final Approval to Enter China Auto Finance Market.
- Article from:
- PR Newswire
- Article date:
- May 27, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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* Ford Motor Credit will start offering auto financing in China at the beginning of the third quarter after receiving final approval to commence business operations. * It will support the sale of Ford vehicles by offering wholesale loans to dealers. In addition, it will pilot consumer installment loans in select markets.
SHANGHAI, China, May 26 /PRNewswire-FirstCall/ -- Ford Motor Credit Company received final approval to commence business operations in China and expects to begin providing auto financing in the country at the beginning of the third quarter.
"China is a growing market that is an integral part of Ford Motor Company's global strategy," ...