Ford Credit Canada applies for bank status as a means to increase lender's access to funding
There are 1 comment on the www.investmentexecutive.com story from Jun 10, 2010, titled Ford Credit Canada applies for bank status as a means to increase lender's access to funding. In it, www.investmentexecutive.com reports that:
Source: The Canadian Press Ford's Canadian lending arm is applying to become a bank so it can access a new source of funding ...
... is to provide financing for Ford dealers and customers.
If the application by Ford Credit Canada is approved, the Oakville, Ont.,-headquartered company will change its name to Ford Credit Bank.
The approval process is expected to be a lengthy one. ... Comment?
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#1 Jun 10, 2010
Automodular Corporation: Automodular Announces Oakville Contract Extension
Full story: Market Wire
Automodular Corporation announces that it has signed a multi-year agreement with Ford Motor Company for an extension of services at its Oakville operations ...
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