Overview
Dearborn, Mich.-based Ford Motor Credit Co. LLC is a subsidiary of Ford Motor Co., providing financing for Ford, Lincoln, Mercury and Volvo vehicles through Ford Credit, Volvo Car Finance and PRIMUS Financial Services.
While the company is thought to be in better shape than its Detroit rivals, it announced plans to cut 1,200 jobs between February and July 2009. The company is restructuring as fewer customers get loans amid the downturn.