2007 Press Releases

FORD MOTOR CREDIT EARNS $1.3 BILLION IN 2006* (pdf)
DEARBORN, Mich., January 25, 2007 - Ford Motor Credit Company reported net income of $1,283 million in 2006, down $621 million from earnings of $1,904 million a year earlier. On a pre-tax basis from continuing operations, Ford Motor Credit earned $1,953 million in 2006, down $970 million from 2005. The decrease in full year earnings primarily reflected higher borrowing costs, higher depreciation expense and the impact of lower average receivable levels. These were offset partially by market valuations primarily related to non-designated derivatives and reduced operating costs. (continue...)