Company Overview of Ford Motor Credit Company LLC
Ford Motor Credit Company LLC, through its subsidiaries, provides automotive financing products to and through automotive dealers worldwide. It offers retail financing products, including real installment sale contracts for new and used vehicles, as well as direct financing leases for new vehicles to retail customers, government entities, daily rental companies, and fleet customers. It also provides wholesale loans to dealers to finance the purchase of vehicle inventory, as well as to finance working capital and improvement to dealership facilities, the purchase of dealership real estate, and to other dealer vehicle programs. In addition, the company offers various insurance products and ser...
One American Road
Dearborn, MI 48126
Founded in 1959
Key Executives for Ford Motor Credit Company LLC
Chairman, Chief Executive Officer and Group Vice President of Ford Motor Company
Chief Financial Officer, Principal Accounting Officer, Treasurer and Director
Executive Vice President of Operations & International and Director
President of Ford Motor Company, President of The Americas - Ford Motor Company and Chief Operating Officer of Ford Motor Company
President at Ford Financial International
Compensation as of Fiscal Year 2014.
Ford Motor Credit Company LLC Key Developments
Ford Motor Credit Company LLC Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for 2015
Jan 29 15
Ford Motor Credit Company LLC announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. In the fourth quarter of 2014, pre-tax profit was $423 million, an increase of $55 million from $368 million reported in the last year. The improved pre-tax profit is more than explained by higher volume and favorable market valuation adjustments to derivatives. A partial offset is lower financing margin. Ford Credit reported fourth quarter net income of $411 million, compared with $568 million a year earlier. The decrease in net income was primarily driven by the nonrecurrence of favorable tax items recorded in the fourth quarter of 2013. Total financing revenue was $2,179 million against $2,070 million a year ago.
The company reported a pre-tax profit of $1.9 billion in 2014, up from $1.8 billion a year earlier. The improvement is more than explained by higher volume, partially offset by unfavorable lease residual performance in North America and lower financing margin. Ford Credit's net income was $1.7 billion in 2014, compared with $1.5 billion in the previous year. The increase in net income reflects favorable tax items recorded during the year. Total financing revenue was $8,606 million against $7,805 million a year ago.
For 2015, Ford Credit expects full-year pre-tax profit to be equal to or higher than 2014.
Ford Motor Credit Company LLC Presents at FICO World 2014 Conference, Nov-11-2014
Nov 8 14
Ford Motor Credit Company LLC Presents at FICO World 2014 Conference, Nov-11-2014 . Venue: San Diego, California, United States. Speakers: Alfredo Cateriano, Ph.D., VP Global Analytics & CAO.
Ford Motor Credit Discloses Notes Issuance
Nov 5 14
Ford Motor Credit Company LLC announced that on Nov. 4 issued and sold $1.25 billion aggregate principal amount of 2.597% notes and $400 million of floating rate notes. The notes are due Nov. 4, 2019.
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