2009 Press Releases

FORD MOTOR CREDIT REPORTS FIRST QUARTER 2009 PRELIMINARY RESULTS^*
DEARBORN, Mich., April 24, 2009 - Ford Motor Credit Company reported a net loss of $13 million in the first quarter of 2009, a decrease of $37 million from net income of $24 million a year earlier. On a pre-tax basis, Ford Motor Credit reported a loss of $36 million in the first quarter, compared with earnings of $32 million in the previous year.(continue...)

FORD MOTOR CREDIT REPORTS 2008 PRELIMINARY RESULTS^*
DEARBORN, Mich., January 29, 2009 - Ford Motor Credit Company reported a net loss of $1.5 billion in 2008, a decrease of $2.3 billion from net income of $775 million a year earlier. On a pre-tax basis, Ford Motor Credit reported a loss of $2.6 billion in 2008, including the second quarter 2008 impairment charge of $2.1 billion for North America operating leases, compared with earnings of $1.2 billion in the previous year. The decrease in full year pre-tax earnings is more than explained by the impairment charge, a higher provision for credit losses, and higher depreciation expense for leased vehicles.(continue...)