Ford’s Unsung Hero Thrives in the Third Quarter
A handful of articles on The Motley Fool have been written about Ford Motor Company's (NYSE: F) overlooked entity, but many people remain unaware of it. What if I told you a entity of the company's business had nothing to do with manufacturing vehicles and is more profitable than any Ford auto region outside of North America? What if I told you it made more pre-tax profits than all of Ford's overseas markets -- by a long shot? What if I told you it can help fund Ford's growth opportunities, as well as part of its juicy dividend, which sits at a 6.5% yield?
If you don't know which entity I'm referring to, it's Ford Credit, and you're in for an enlightening article. If you knew it was Ford Credit, here's a look at its stellar third quarter and what it's doing differently from now on.
Just as Ford's bread-and-butter F-Series truck figuratively hauls the big bucks for the automaker, Ford Credit seemingly prints money. The latter is so important to Ford, as well as important for analysts to understand, that it has a separate conference call with its own presentation and plenty of potentially confusing numbers -- fun, right?
Source Fool.com
