Ford Applies for Banking License in Germany Due to Brexit -FAZ
February 09 2018 - 3:58AM
Dow Jones News
--Ford Motor Co (F) has applied for a banking license to expand
its financial business in Cologne, Germany due to Brexit, German
daily Frankfurter Allgemeine Zeitung reported late Thursday.
--Ford's leasing and credit business is currently conducted by
Ford Credit Europe in Warley, U.K., but to ensure continuation of
the business after Britain leaves the European union, Ford is
looking to expand its financial business in Germany, the newspaper
reports.
--A Ford spokesman didn't want to comment, according to FAZ.
Full story: http://bit.ly/2EQh3yr
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(END) Dow Jones Newswires
February 09, 2018 03:43 ET (08:43 GMT)
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