DEARBORN – Ford Motor Credit Co. will continue to “buy a spread of the market,” says CEO Michael Bannister, explaining that the company will assume some non-prime credit risk in an effort to benefit its dealers and vehicle buyers. But the Ford Motor Co. subsidiary’s era of aggressive lending – which peaked in the late 1990s and early 2000 – is over. Michael Bannister “We bought too deeply before,” says Bannister, referring to the captive finance firm’s losses because it ...
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