Investor News

DEARBORN, Mich., June 29, 2009 – Canadian Road Leasing Company, a wholly owned subsidiary of Ford Credit Canada Limited, completed a lease securitization transaction on June 24 and received proceeds of USD $1.3 billion. A portion of the proceeds will be held in a reserve fund for the transaction.

This lease securitization transaction included the lease of a portfolio of vehicles (subject to the existing retail leases) by Canadian Road to a special purpose trust and a one-time lease prepayment by the special purpose trust to Canadian Road. The lease prepayment was financed by the trust through borrowings of USD $1.3 billion from a third-party private investor.

Under the lease securitization transaction, Canadian Road will continue to own the vehicles that are the subject of such transaction and will be responsible for servicing the existing retail leases of such vehicles.

Both Canadian Road and the special purpose trust will be consolidated with Ford Credit Canada for accounting purposes. As a consequence of such consolidation, the third-party indebtedness incurred by the special purpose trust with respect to the lease securitization transaction will be reflected on the consolidated financial statements of Ford Credit Canada as a liability of USD $1.3 billion, reducing over the term of the lease securitization transaction.

Canadian Road will distribute the immediately available proceeds to Ford Credit Canada as a return of capital. Ford Credit Canada will use the immediately available proceeds to repay indebtedness owing to Ford Credit International, Inc. Ford Credit Canada is an indirect, wholly owned subsidiary of Ford Motor Credit Company.

###

About Ford Motor Credit Company
Ford Motor Credit Company LLC is one of the world's largest automotive finance companies and has supported the sale of Ford products since 1959. Ford Credit is an indirect, wholly owned subsidiary of Ford Motor Company. It provides automotive financing for Ford, Lincoln, Mercury and Volvo dealers and customers. More information can be found at www.fordcredit.com and at Ford Motor Credit's investor center, www.fordcredit.com/investorcenter.