-
Recent Posts
- Mercedes-Benz to Increase Focus as a Luxury Car Company
- Lamborghini Joining IMSA GTP LMDh in 2024
- Record Auction Price – €135m for Mercedes-Benz 300 SLR
- NHTSA Consumer Advisory – 2021 Expedition, Navigator Fires
- EU Passenger Car Sales Drop 21% in April
- Europe’s Diesel Car Problem – 20% of the Market!
- ASEAN Light Vehicle Sales Still Soaring in March
- CARB to Open New SoCal Headquarters to Public
- Honda Title Sponsor of the 2022 F1 Japanese Grand Prix
- Restricted Sale of Genesis GV60 EV Starts Today at $60,000
- A Closer Look at Biden’s 49 MPG CAFE Standard
- Mercedes-Benz USA – Stop Driving ML, GL, R-Class Vehicles
- CBO – Taxpayer Cost is $31B for Troubled Asset Relief Program
- Nissan Posts First Annual Profit in Three Years.
- Ford India Shelves EV Manufacturing Export Plans
News from PR Newswire
Recent Comments
- Lamborghini Joining IMSA GTP LMDh in 2024 | AutoInformed on Endurance Racing – Alpine Signatech in LMDh from 2024
- Record Auction Price – €135m for Mercedes-Benz 300 SLR | AutoInformed on Must See! Virtual Viral Tour of Mercedes Museum
- Jeffrey Marentic of Ford on NHTSA Consumer Advisory – 2021 Expedition, Navigator Fires
- NHTSA Consumer Alert on Mercedes-Benz USA – Stop Driving ML, GL, R-Class Vehicles
- Honda Title Sponsor of the 2022 F1 Japanese Grand Prix | AutoInformed on Mike Krack Leaves BMW for Aston Martin Formula One
Archives
Meta
Tag Archives: ford credit
Ford Credit CEO Mike Bannister Retires. Bernard Silverstone Succeeds
Ford Motor Company today announced that Mike Bannister, executive vice president and chairman and CEO of Ford Motor Credit Company, has elected to retire effective 1 January 2013, after 39 years of service. Bannister, 62, will be succeeded by Bernard Silverstone, 56, who is being named group vice president and chairman and CEO of Ford Motor Credit Company. Continue reading
Posted in auto news, news, people
Tagged auto informed, autoinformed.com, automotive news, bernard silverstone, ford credit, Ken Zino, mike banister
Leave a comment
Ford Motor Blues – Q1 Loss of $3.1 Billion
As with GM yesterday, Ford was battered by supply chain disruptions mostly beyond its control, as well as self-created costs from the valuation of its investment in Rivian with a mark-to-market loss of $5.4 billion on the company’s investment down from $10.6 billion at the end of 2021. Strong customer demand from the ongoing Biden Administration recovery wasn’t helped by Ford’s popular vehicles because of persistent supply chain issues that Ford was unable to adjust for. Continue reading →