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Article: FORD CREDIT TO START NEW FINANCE UNIT
- Article from:
- PR Newswire
- Article date:
- February 1, 1996
CopyrightCOPYRIGHT 1996 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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DEARBORN, Mich., Feb. 1 /PRNewswire/ -- Ford Motor Credit Company announced today that it is forming a sub-prime automotive, financing company in the United States. The company will extend credit to customers who would not normally qualify for conventional automotive financing. Financing for both new and used vehicles will be offered through franchised dealerships.
"We will make available to a broader range of customers the same outstanding service that Ford Credit has provided to dealers and consumers over the years," said Robert Warner, Ford Credit Executive Vice President - Diversified Operations.
"By expanding credit availability, Ford Credit expects ...