Strong 3rd Q Gains for Ford Credit

- October 25, 2010

Though rev­enues slipped, Ford Motor Cred­it Co. saw its net income jump $70 mil­lion on a year-over-year basis dur­ing the third quar­ter. Specif­i­cal­ly, net income for Ford Cred­it was $497 mil­lion, com­pared with $427 mil­lion in the pri­or-year peri­od. Before tax­es, Ford Credit’s income was $766 mil­lion, up from $677 mil­lion in the third quar­ter of 2009.