Ford Interest Margins

Ford (F) and Ford Motor Credit reported their respective disasters. As was expected the two sick puppies had a lot of problems. But in reading the relative press release I could not be struck by the fact that Ford reported “unfavorable net interest expense” when discussing Q3 results. But Ford Motor Credit reports a “partially by higher financing margin” offset to poorer credit results. I know that this is not entirely apples to apples. But it is close enough. Everyone points to the same credit environment. The guy’s running the credit managed a wider margin. The making the cars say they got hammered. Maybe they should get together and have a coffee or something. Its so bad at Ford it could not hurt.