Ford picks up auto baton as core ABS refuses to budge

Tom Porter

October 14, 2014 12:00 PM

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 on Tuesday mandated banks for its second Globaldrive German auto ABS transaction of the year, with bankers expecting another tight post-ECB print as core ABS spreads in European continue to shrug off broader market volatility.

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Tom Porter