TITLE

Ford Credit folds subprime unit

AUTHOR(S)
Henry, Jim
PUB. DATE
March 2002
SOURCE
Automotive News;3/11/2002, Vol. 76 Issue 5974, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports the eradication of the Fairline Credit LLC, a subprime subsidiary of Ford Motor Credit Co. in Colorado Springs, Colorado. Adoption of risk-based pricing models; Increase of credit losses in used cars and subprime segment; Decline of contract volume.
ACCESSION #
6404423

 

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