Ford Credit Focuses On Its Internet and E-Commerce Strategy By Appointing Pat Dunbar Senior Vice President

31 May 2000
Ford Credit Focuses On Its Internet and E-Commerce Strategy By Appointing Pat Dunbar Senior Vice President
    DEARBORN, Mich., May 30 Donald A. Winkler, chairman and
chief executive officer of Ford Motor Credit Company (Ford Credit), announced
that Patricia L. Dunbar has been appointed senior vice president of Ford
Credit, to manage Internet and e-commerce strategic initiatives.  Dunbar will
play a key role in coordinating and developing Ford Credit's e-commerce
strategy.
    A key strategic issue for Ford Credit is how the Internet is impacting the
automotive industry and automotive financial business.  Online lending is
expected to develop into a vast market as customers begin to look to the
Internet for comparative research and ease of loan processing.  A 1999 report
by Forrester Research, Inc. says that firms will lend more than $2 trillion
dollars to consumers this year, and online credit will account for just 1
percent of the total market.  Pat Dunbar will be responsible for ensuring that
Ford Credit's web presence is reflective of its leadership in the industry
worldwide.
    Dunbar comes to Ford Credit from General Motors.  At GM, Dunbar was vice
president of Electronic Commerce at GMACFS, where she was responsible for
developing and executing a global e-commerce strategy for the financial
services arm of General Motors.
    Before joining GMACFS, she was a principal with the strategic consulting
firm bearing her name, Pat Dunbar & Associates.  The firm specialized in
strategic analysis and development of Internet and other online services for
both business and consumer markets.  Her clients included Oracle, Microsoft,
Bell Atlantic and Bank of America.
    "Pat Dunbar's Internet and e-commerce expertise will be a valuable asset
to Ford Credit," Winkler said.  "As senior vice president of Internet, Pat
will play the leading role in developing Ford Credit's e-commerce strategy.
She also brings a wealth of strategic insight to our senior management team."
    Dunbar earned bachelor's and master's degrees from Northwestern
University.

    Ford Credit is a wholly-owned subsidiary of Ford Motor Company and is the
world's largest automotive finance company.  Now in its 41st year, Ford Credit
provides vehicle financing in 40 countries to more than 10 million customers
and more than 11,500 automotive dealers.   Ford Credit had total earning of
$1.3 billion in 1999, with a worldwide receivables base of more than $140
billion.