Ford Credit Canada applies for bank s...

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?

Related Topix: Automakers, Ford Motor, Canada, Ontario, Economics News, Bankruptcy

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Edsel

Toronto, Canada

#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 ...

http://www.topix.com/forum/ca/oakville-on/TCP...

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