2008 Press Releases

FORD MOTOR CREDIT REPORTS SECOND QUARTER 2008 PRELIMINARY RESULTS* (pdf)
DEARBORN, Mich., July 24, 2008 - Ford Motor Credit Company reported a net loss of $1,427 million in the second quarter of 2008, down $1,489 million from net income of $62 million a year earlier. On a pre-tax basis, Ford Motor Credit reported a loss of $2,380 million, compared with earnings of $112 million in the previous year. Excluding a $2.1 billion impairment charge for operating leases, Ford Motor Credit incurred a pre-tax loss of $294 million in the second quarter of 2008.(continue...)

FORD MOTOR CREDIT OFFERS FINANCIAL RELIEF TO MIDWEST FLOOD VICTIMS* (pdf)
DEARBORN, Mich., June 23, 2008 - Ford Motor Credit Company is offering customers affected by the devastating floods in the Midwest the option to delay some car payments. Ford Motor Credit’s Disaster Relief Program allows qualified customers to delay one or two monthly payments, resuming their regular payment schedules when their situations improve. (continue...)

FORD MOTOR CREDIT EARNS $24 MILLION IN THE FIRST QUARTER OF 2008* (pdf)
DEARBORN, Mich., April 24, 2008 - Ford Motor Credit Company reported net income of $24 million in the first quarter of 2008, down $169 million from earnings of $193 million a year earlier. On a pre-tax basis, Ford Motor Credit earned $36 million in the first quarter, compared with $293 million in the previous year. (continue...)

FORD MOTOR CREDIT EARNS $775 MILLION IN 2007* (pdf)
DEARBORN, Mich., January 24, 2008 - Ford Motor Credit Company reported net income of $775 million in 2007, down $508 million from earnings of $1,283 million a year earlier. On a pre-tax basis, Ford Motor Credit earned $1,215 million in 2007, down $738 million from 2006. The decrease in full year earnings primarily reflected the non-recurrence of credit loss reserve reductions, higher borrowing costs, higher depreciation expense for leased vehicles and higher costs due to our North American business transformation initiative. These were offset partially by lower net losses related to market valuation adjustments from derivatives and lower expenses primarily reflecting improved operating costs. (continue...)