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Article: FORD CREDIT TO ENTER THAILAND MARKET

Article from:
PR Newswire
Article date:
July 1, 1996
Copyright

BANGKOK, Thailand, July 1 /PRNewswire/ -- Ford Credit International Inc. announced today that it is expanding its global operations with the creation of a subsidiary in Thailand. The new company is Ford Leasing Company Ltd.

Ford Credit concluded its filings with the Thai government this week, after receiving approval earlier to establish the new venture. Operations are expected to begin during the fourth quarter of 1996. Ford Credit's initial equity investment in the new venture is $9 million U.S. (225 million Baht).

A wholly owned subsidiary of Ford Credit, Ford Leasing will be based in Bangkok and will offer a full range of automotive financing services to ...

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