Ford Credit ‘pillar of strength’ for company’s Q2 performance | Auto Finance News

Ford Motor Credit outpaced expectations in Ford’s overall second-quarter performance, cementing it as a “pillar of strength” for the company with a balance sheet that “remains extremely solid and positions [Ford] to weather further disruptions and headwinds,” Chief Executive Jim Hackett said on the earnings call. Lower delinquency and loss-to-receivables (LTR) rates contributed to the captive’s profitability, […]