Ford Applies for Banking License in Germany Due to Brexit -FAZ

02/09/18 03:43 AM EST

--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.


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February 09, 2018 03:43 ET (08:43 GMT)

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