Ford closes on Germans after hitting tight end with latest Globaldrive

Tom Porter

May 23, 2014 12:00 AM

Ford badge 230x — The reflection of a Ford Five Hundred is shown on the tail gate and badge of a F-150 truck at Bob Maxey Ford in Detroit, Tuesday, July 19, 2005. Ford Motor Co. said its profit fell 19 percent in the second quarter from a year ago, stung by lower production and intense competition in North America, where it lost more than $900 million. (AP Photo/Paul Sancya) | PAUL SANCYA/AP/Press Association Images

Ford Credit Europe Bank has shifted its auto ABS curve a little closer to the European market’s top dogs, printing its Globaldrive 2014-1 transaction just 3bp back of Volkswagen paper on Wednesday.

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Tom Porter