Ford unit plans to sell up to $4 bln loans in 2003

Newswire

NEW YORK, March 21 (Reuters) - Ford Motor Co.'s finance unit plans to sell up to $4 billion in car loans to a financial institution to raise capital in 2003, after it sold $5 billion worth of loans in 2002. Ford Motor Credit Co. is slated to complete the sale of $2 billion of loans to this financial institution by the end of March, and could sell the same amount to the same player later this year, Bibiana Boerio, Ford Motor Credit's chief financial officer said on Friday. Boerio, ...

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