Ford Credit ‘pillar of strength’ for company’s Q2 performance

Photo courtesy of Bloomberg

Ford Motor Credit outpaced expectations in Ford’s overall second-quarter performance, cementing it as a “pillar of strength” for the company with a balance sheet that “remains extremely solid and positions [Ford] to weather further disruptions and headwinds,” Chief Executive Jim Hackett said on the earnings call. Lower delinquency and loss-to-receivables (LTR) rates contributed to the captive’s profitability, […]

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