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Ford delays car payments for victims of Iowa tornado

Car payments are way down on the list of concerns for victims of the recent tornados in Iowa. Thus, Ford Motor Credit has introduced a Disaster Relief Program that will offer grace from one or two monthly payments to qualified customers. Lease customers, or buyers who financed purchases through Ford Credit or other brand-specific financing arms (Jaguar Credit, Land Rover Capital, Mazda American Credit, Primus,

Ford Credit looking for its own Way Forward

The cutting and slashing continues over at FoMoCo's finance arm, Ford Motor Credit. On Tuesday they announced the closing of 59 offices within the U.S. and the elimination of 2,000 jobs from its 8,500 strong workforce in the United States and Canada. Additionally, the number of regional offices within North American will be reduced to six.

Ford Credit will close 60 offices

Soon after Ford Motor Credit's Pres. A.J. Wagner announced his retirement, the automaker revealed more cuts to the finance arm of their North American operations.

Another Ford exec retires: A.J. Wagner of FoMoCredit

After 33 years with FoMoCo, A.J. Wagner will retire on January, 1st 2007. Holding both a Vice President's position for the automaker and serving as the president of Ford Motor Credit Company in North America. Wagner's departure, according to the man himself, serves to make Ford, "a smaller, leaner company."