Ford’s transition from straightforward car manufacturing to the wider provision of smart, low-emission and automated mobility impacts all aspects of the business. In the new ‘Ford 2.0’, even the financial services receive an updated role.
Ford Credit has been performing well – stronger than the automotive business in many aspects. In the latest quarter its earnings rose 6% year-on-year to US$600m, prompting Ford to lift its full-year guidance of profit before tax to more than US$2bn. Like the automotive business, the OEM sees plenty of emerging opportunities to better position the financial operations for a smart new future….