Ford Says Credit Company Solid Despite Rate Hikes

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00007543-ford-says-credit-company-solid-despite-ra/

Ford Motor Co.’s financing arm, Ford Credit, is in good shape and will continue to contribute to group earnings even if interest rates rise, the U.S. car manufacturer’s chief economist said on Monday.

“Ford Credit will continue to be an engine for profitable growth for the Ford Motor Co.,” Ellen Hughes-Cromwick told Reuters, calling the unit a success story.

“I really don’t see any undue risks associated with an increase in interest rates,” she said in an interview on the sidelines of an economic conference in Sweden, the home of Ford’s successful Volvo subsidiary.

Many analysts expect the U.S. Federal Reserve to go on raising interest rates, and the European Central Bank is also seen moving closer towards monetary policy tightening.

For this complete story, please visit Ford Says Credit Company Solid Despite Rate Hikes.

Ford Says Credit Company Solid Despite Rate Hikes

Unknown Author

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