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Article: Ford Credit says it's on the mend.(Ford Motor Co. lost over $5 bn in 2001)(Brief Article)(Statistical Data Included)
- Article from:
- Automotive News
- Article date:
- May 27, 2002
- Author:
CopyrightCOPYRIGHT 2002 Crain Communications, Inc. 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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Either Ford Motor Credit Co. is better off than parent company Ford Motor Co. said it was just a few short months ago or else it is improving faster than expected - or a bit of both.
Ford Motor Co. Chairman Bill Ford's preferred spin was, ``improving faster than expected,'' in a presentation for Wall Street analysts on May 15, in Dearborn, Mich.
Vice Chairman Carl Reichardt, on the other hand, said Ford Credit was in better shape than previously thought.
``Ford Credit has turned around faster than we anticipated, and we're already seeing some results,'' Bill Ford said. ``I sleep better at night, knowing that is one land mine that's not going to ...