Ford Motor Credit Company

Philippines Auto Finance Market Drives up a Gear: $51.6 Billion Growth Forecast by 2027: Ken Research

Retrieved on: 
Wednesday, February 14, 2024
Online, Interest, Traction, Risk management, Ease, Growth, Urbanization, Banco de Oro, Ford, Risk assessment, Toyota Financial Services, Ford Motor Credit Company, Metrobank, BPI, Real estate

Ken Research's " Philippines Auto Finance Market Outlook to 2027" report predicts a robust 10.2% CAGR, translating to a substantial $51.6 billion market size by 2027.

Key Points: 
  • Ken Research's " Philippines Auto Finance Market Outlook to 2027" report predicts a robust 10.2% CAGR, translating to a substantial $51.6 billion market size by 2027.
  • Beyond facilitating car purchases, the Philippines' auto finance market plays a crucial role in driving economic growth, promoting financial inclusion, and empowering Filipinos to achieve their car ownership dreams.
  • Technological Advancements: Online loan applications, digital onboarding processes, and mobile banking are making auto finance more accessible and convenient.
  • The Philippines' auto finance market is on an upward trajectory, offering exciting opportunities for businesses and investors who can adapt to the changing landscape.

Philippines Auto Finance Market Drives up a Gear: $51.6 Billion Growth Forecast by 2027: Ken Research

Retrieved on: 
Wednesday, February 14, 2024
Online, Interest, Traction, Risk management, Ease, Growth, Urbanization, Banco de Oro, Ford, Risk assessment, Toyota Financial Services, Ford Motor Credit Company, Metrobank, BPI, Real estate

Ken Research's " Philippines Auto Finance Market Outlook to 2027" report predicts a robust 10.2% CAGR, translating to a substantial $51.6 billion market size by 2027.

Key Points: 
  • Ken Research's " Philippines Auto Finance Market Outlook to 2027" report predicts a robust 10.2% CAGR, translating to a substantial $51.6 billion market size by 2027.
  • Beyond facilitating car purchases, the Philippines' auto finance market plays a crucial role in driving economic growth, promoting financial inclusion, and empowering Filipinos to achieve their car ownership dreams.
  • Technological Advancements: Online loan applications, digital onboarding processes, and mobile banking are making auto finance more accessible and convenient.
  • The Philippines' auto finance market is on an upward trajectory, offering exciting opportunities for businesses and investors who can adapt to the changing landscape.

Ford Motor Company Announces Details for Q4, Full-Year 2023 Earnings Conference Call

Retrieved on: 
Thursday, January 25, 2024
Other Manufacturing, Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, General Automotive, Engineering, Automotive Manufacturing, Other Automotive, Manufacturing, Performance & Special Interest, Ford, Ford Motor Credit Company, Ford Motor Company, Growth

Ford Motor Company and Ford Motor Credit Company will release their fourth quarter and full-year 2023 financial results at 4:05 p.m.

Key Points: 
  • Ford Motor Company and Ford Motor Credit Company will release their fourth quarter and full-year 2023 financial results at 4:05 p.m.
  • Representatives of the investment community will be able to ask questions during the call.
  • Ford Earnings Call – Tuesday Feb. 6, at 5 p.m.
  • ET.

Apollo GraphQL Expands Leadership Team To Meet Demand for GraphQL in the Enterprise

Retrieved on: 
Thursday, January 18, 2024
Odyssey, Research, PlayStation, Traction, Policy, Microsoft, API, Wayfair, Phadke, GraphQL, Security, Netflix, Gartner hype cycle, Investment, Realtor.com, Publication, Intuit, Surya, Ford Motor Credit Company, Web API security, Human voice, Growth, Video game

SAN FRANCISCO, Jan. 18, 2024 /PRNewswire/ -- Apollo GraphQL, the supergraph company, today announced it has made two significant additions to its leadership team, welcoming Aditya Phadke as Chief Customer Officer and Rob Brazier as VP of Product. These new appointments build on the successes felt in 2023, as GraphQL saw a rise in usage and success within API platform teams for globally recognized brands like Netflix, Wayfair, and Intuit.

Key Points: 
  • Additionally, Robbie Petrie joined as Chief Financial Officer earlier in 2023 from Twilio to round out the leadership team.
  • And that's why they're turning to Apollo GraphQL as the creators of the industry standard GraphQL platform for the future," said Geoff Schmidt, CEO and co-founder at Apollo GraphQL.
  • Both make ideal additions to the Apollo GraphQL leadership team to help developers build the next generation of applications and deliver profound, efficient, and meaningful user experiences."
  • Half of the Fortune 100 embraced GraphQL in 2023 and Apollo GraphQL experienced 40% growth in new customers.

Ford Pro Insure, Powered by Pie, Now Includes Commercial Auto Coverage to Indiana and Wisconsin

Retrieved on: 
Wednesday, January 10, 2024
Privacy, Policy, Insurance, TARIC, Pro, Ford, NAIC, Small business, Ford Motor Company, Ford Motor Credit Company, Car rental

With the addition of Indiana and Wisconsin, Ford Pro Insure is available in five states, including Arizona, Illinois and Tennessee

Key Points: 
  • With the addition of Indiana and Wisconsin, Ford Pro Insure is available in five states, including Arizona, Illinois and Tennessee
    DENVER, Jan. 10, 2024 /PRNewswire/ -- Ford Pro business owners have work to do, and Ford Pro Insure* can help with that as part of the Ford Pro commercial one-stop shop.
  • Indiana and Wisconsin are the latest states to join the rollout of Ford Pro Insure commercial vehicle coverage.
  • Enter Ford Pro Insure," said Craig Carrington, executive vice president of Ford Pro FinSimple, Ford Credit's brand that includes commercial financing and insurance.
  • Ford Pro Insure, underwritten by Ford subsidiary The American Road Insurance Company (TARIC) and available through managing general agent Pie Insurance, covers commercial vehicles purchased through Ford Pro and other channels.

Ford Credit’s Harris to Retire, Be Succeeded by O’Callaghan; Kosman to Follow O’Callaghan as Ford Chief Accounting Officer

Retrieved on: 
Friday, December 15, 2023
Performance & Special Interest, Accounting, EV, Electric Vehicles, Professional Services, Off-Road Trucks & SUVs, Fintech, General Automotive, Automotive, Engineering, Automotive Manufacturing, Other Automotive, Finance, Manufacturing, New product development, Ford, Risk management, CFO, Ford Models, Ford Motor Company, Global Accounting Alliance, Ford Motor Credit Company, Software, ERP, Great Recession, Transport, Car rental

Marion Harris will retire March 1 as president and CEO of Ford Credit; he’ll be replaced by Cathy O’Callaghan, Ford’s vice president, controller, and chief accounting officer since June 2018.

Key Points: 
  • Marion Harris will retire March 1 as president and CEO of Ford Credit; he’ll be replaced by Cathy O’Callaghan, Ford’s vice president, controller, and chief accounting officer since June 2018.
  • The new roles for O’Callaghan and Kosman are effective Feb. 12, after Ford has reported its fourth-quarter and full-year 2023 financial results.
  • Among other strategically important roles in his 25 years with Ford was leading market-defining capital transactions that funded Ford Credit through the Great Recession.
  • Harris also managed the Mobility Business Group, which scaled the FordPass vehicle-control application and the business that would become Ford Pro Telematics.

AM Best Affirms Credit Ratings of The American Road Insurance Company

Retrieved on: 
Wednesday, November 15, 2023
Professional Services, Insurance, Finance, Sale, Ford Motor Credit Company, Acquisition, NYSE, TARIC, Risk management, Credit, Ford Motor Company, AM Best, News, ALL, Ford, Dearborn

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of The American Road Insurance Company (TARIC) (Dearborn, MI).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of The American Road Insurance Company (TARIC) (Dearborn, MI).
  • TARIC is part of an insurance holding company structure wholly owned by Ford Motor Credit Company LLC (Ford Credit), which in turn is an indirect, wholly owned subsidiary of Ford Motor Company (Ford) [NYSE: F].
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Federal Home Loan Bank of Atlanta Announces 2023 Director Election Results

Retrieved on: 
Monday, October 16, 2023
MBA, Mutual of America, Organization, Commerce, Bank, Woman, Self Regional Healthcare Foundation Women's Health Classic, Massachusetts Institute of Technology, Economic development, University of Mississippi, Tata Daewoo, Ford Motor Company, Self Regional Healthcare, Climate change, Executive education, White, ESG, African Women on Board, Risk management, Federal Home Loan Banks, University, Marketing, National Housing Conference, Princeton University, Harvard Business School, Housing, Compensated emancipation, Scotiabank, Rehabilitation, Psychiatric Rehabilitation Association, Triple accreditation, AL, Stifel, Ford Motor Credit Company, Merchant capitalism, Mead Johnson, White House, Holding company, Management, Property management

ATLANTA, Oct. 16, 2023 (GLOBE NEWSWIRE) --  Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the results of the 2023 director election.

Key Points: 
  • ATLANTA, Oct. 16, 2023 (GLOBE NEWSWIRE) --  Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the results of the 2023 director election.
  • The Bank conducted an election to fill the member directorship for South Carolina, and two independent directorships representing members across the FHLBank Atlanta footprint.
  • “We are also pleased to have director Rucker return to the board, and I am grateful to continue representing my home state of South Carolina as director,” added Dunlap.
  • He also has served as a director for Piedmont Technical College Foundation and was a founding director for Ten at the Top.

Closing of $500 million notes of CNH Industrial Capital LLC

Retrieved on: 
Wednesday, September 13, 2023
CNHI, Vesey Street, The 8th Floor, Telephone, CNH Industrial, J.P. Morgan & Co., Intesa Sanpaolo, Ford Motor Credit Company, Sale, RBC Capital Markets, NYSE, Suite, Prospectus, ATTN:, Wells Fargo, Madison Avenue, Broadridge Financial Solutions, Heavy equipment, Financial adviser, Washington Avenue

The notes, which are senior unsecured obligations of CNH Industrial Capital LLC, will pay interest semi-annually on January 12 and July 12 of each year, beginning on January 12, 2024, and will be guaranteed by CNH Industrial Capital America LLC and New Holland Credit Company, LLC, each a wholly owned subsidiary of CNH Industrial Capital LLC.

Key Points: 
  • The notes, which are senior unsecured obligations of CNH Industrial Capital LLC, will pay interest semi-annually on January 12 and July 12 of each year, beginning on January 12, 2024, and will be guaranteed by CNH Industrial Capital America LLC and New Holland Credit Company, LLC, each a wholly owned subsidiary of CNH Industrial Capital LLC.
  • CNH Industrial Capital LLC is an indirect wholly owned subsidiary of CNH Industrial N.V. and is headquartered in Racine, Wisconsin.
  • As a captive finance company, the primary business of CNH Industrial Capital LLC and its subsidiaries is to underwrite and manage financing products for end-use customers and dealers of CNH Industrial America LLC and CNH Industrial Canada Ltd. (collectively, “CNH Industrial North America”) and provide other related financial products and services to support the sale of agricultural and construction equipment sold by CNH Industrial North America.
  • CNH Industrial Capital LLC and its subsidiaries also provide wholesale and retail financing related to new and used agricultural and construction equipment manufactured by entities other than CNH Industrial North America.

Pricing of CNH Industrial Capital LLC $500 million notes

Retrieved on: 
Monday, September 11, 2023
CNHI, Vesey Street, The 8th Floor, Telephone, CNH Industrial, J.P. Morgan & Co., Intesa Sanpaolo, Ford Motor Credit Company, Sale, RBC Capital Markets, Suite, Prospectus, ATTN:, Wells Fargo, Madison Avenue, NYSE, Broadridge Financial Solutions, Financial adviser, Washington Avenue

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced that its wholly owned subsidiary, CNH Industrial Capital LLC, has priced $500 million in aggregate principal amount of 5.500% notes due 2029, with an issue price of 99.399%.

Key Points: 
  • CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced that its wholly owned subsidiary, CNH Industrial Capital LLC, has priced $500 million in aggregate principal amount of 5.500% notes due 2029, with an issue price of 99.399%.
  • The notes, which are senior unsecured obligations of CNH Industrial Capital LLC, will pay interest semi-annually on January 12 and July 12 of each year, beginning on January 12, 2024, and will be guaranteed by CNH Industrial Capital America LLC and New Holland Credit Company, LLC, each a wholly owned subsidiary of CNH Industrial Capital LLC.
  • CNH Industrial Capital LLC is an indirect wholly owned subsidiary of CNH Industrial N.V. and is headquartered in Racine, Wisconsin.
  • As a captive finance company, the primary business of CNH Industrial Capital LLC and its subsidiaries is to underwrite and manage financing products for end-use customers and dealers of CNH Industrial America LLC and CNH Industrial Canada Ltd. (collectively, “CNH Industrial North America”) and provide other related financial products and services to support the sale of agricultural and construction equipment sold by CNH Industrial North America.