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The firm also issues commercial paper and other debt instruments on Ford's behalf. Ford Credit also owns Lincoln Automotive Financial Services, the arm that finances Lincoln vehicles. Ford earned $2.63 billion EBIT with its Ford Credit segment in 2018, up from $2.31 billion in 2017. 2018 was the segment's highest full-year EBT in eight years.
Ford sports cars have been visible in the world of sports car racing since 1964. Most notably the Ford GT40 won the 24 Hours of Le Mans four times (in 1966, 1967, 1968 and 1969) and is the only American car to ever win overall at this prestigious event. Ford also won four titles at the World Sportscar Championship with the GT40.
In September 1993, Great Western announced that they were selling its Visa credit card operations to Associates Corporation of North America, part of the Ford Financial Services Group, which issues credit cards through Associates National Bank in Delaware. [41]
Hankey took over his father's Ford dealership in 1972, and built the Hankey Group, with its main business being Westlake Financial Services, [5] which makes subprime car loans [4] [6] at high interest. The company was reported to repossess about 250 cars a day in 2015. [2]
DETROIT (Reuters) -U.S. automakers Ford Motor and General Motors will donate $1 million each, along with vehicles, to U.S. President-elect Donald Trump's January inauguration, company ...
Henry Ford (pictured c. 1919), founded and led the company, presiding over it during two tenures, 1906–1919 and 1943–1945. The Ford Motor Company is an American automaker, the world's fifth largest based on worldwide vehicle sales.
The following is a list of the world's largest publicly traded financial services companies, ordered by annual sales for the latest Fiscal Year that ended March 31, 2018 or prior (all public companies with sales of $20 billion or more are included, while privately held companies are not included).
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