Author Topic: Ford - Ford Credit Earns Full Year 2012 Pre-Tax Profit of $1.7 Billion, Net Income of $1.2 Billion* (Read 668 times)

MikeLigalig.com · « **on:** February 12, 2013, 02:14:51 AM »

Ford Credit Earns Full Year 2012 Pre-Tax Profit of $1.7 Billion, Net Income of $1.2 Billion*

Ford Motor Credit Company reported a pre-tax profit of $1.7 billion in 2012, compared with $2.4 billion a year earlier. The decrease in pre-tax earnings is more than explained by fewer lease terminations, which resulted in fewer vehicles sold at a gain, and lower financing margin as higher yielding assets originated in prior years run off. Ford Credit’s net income was $1.2 billion in 2012, compared with $1.8 billion in the previous year.

Source: Ford Credit Earns Full Year 2012 Pre-Tax Profit of $1.7 Billion, Net Income of $1.2 Billion*

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MikeLigalig.com

Author Topic: Ford - Ford Credit Earns Full Year 2012 Pre-Tax Profit of $1.7 Billion, Net Income of $1.2 Billion* (Read 668 times)

MikeLigalig.com

Ford - Ford Credit Earns Full Year 2012 Pre-Tax Profit of $1.7 Billion, Net Income of $1.2 Billion*