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Ford Credit posts $1.1B EBIT in Q3, low NCOs

Consumer outstandings declined 6% YoY

Amanda Harris

Following a record-breaking second quarter, Ford Credit’s third quarter was marked by lower profitability but continued near-record low credit losses. Ford Credit’s earnings before taxes of $1.1 billion is a dip from Q2, when the lender posted its highest-ever quarterly EBIT of $1.6 billion. Third-quarter distributions to Ford Motor Co. totaled $1.5 billion, down from […]

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