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FORD CREDIT LOWERS INTEREST RATES CHARGED TO FORD AND LINCOLN-MERCURY DEALERS

 FORD CREDIT LOWERS INTEREST RATES
 CHARGED TO FORD AND LINCOLN-MERCURY DEALERS
 DEARBORN, Mich., July 2 /PRNewswire/ -- Edsel B. Ford II, president of Ford Motor Credit Company, announced today that interest rates charged by Ford Credit to Ford and Lincoln-Mercury dealers are being reduced by 0.5 percent effective July 3. This action is in response to today's Federal Reserve Board decision to lower its discount rate. Ford Credit is a wholly owned subsidiary of Ford Motor Company (NYSE: F).
 Ford Credit provides vehicle retail and leasing financing for over 5,600 Ford, Lincoln-Mercury, Ford Truck and Ford New Holland and affiliated dealers in the United States.
 -0- 7/2/92
 /CONTACT: Nick Sharkey, public affairs manager, Ford Motor Credit Company, 313-594-1096/
 (F) CO: Ford Motor Credit Company; Lincoln-Mercury Division;
 Ford Motor Company ST: Michigan IN: AUT SU:


JG -- DE018 -- 6177 07/02/92 12:43 EDT
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Publication:PR Newswire
Date:Jul 2, 1992
Words:146
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