-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, T1GbHNklNWWudDnsTK++w+r37M+WScXMtcnsqKZp0UwkWcNc9eJ/QbVKF7BQKlPd xKYMeRnwQj3GDHRfp+13zQ== 0001140361-07-005383.txt : 20070309 0001140361-07-005383.hdr.sgml : 20070309 20070309132442 ACCESSION NUMBER: 0001140361-07-005383 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060914 ITEM INFORMATION: Cost Associated with Exit or Disposal Activities FILED AS OF DATE: 20070309 DATE AS OF CHANGE: 20070309 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FORD MOTOR CREDIT CO CENTRAL INDEX KEY: 0000038009 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159] IRS NUMBER: 381612444 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-06368 FILM NUMBER: 07683603 BUSINESS ADDRESS: STREET 1: ONE AMERICAN ROAD CITY: DEARBORN STATE: MI ZIP: 48126 BUSINESS PHONE: 3135949876 MAIL ADDRESS: STREET 1: ONE AMERICAN ROAD CITY: DEARBORN STATE: MI ZIP: 48126 8-K/A 1 form8-ka.htm FORD MOTOR CREDIT 8-KA 09-14-2006 Ford Motor Credit 8-KA 09-14-2006
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C.  20549


FORM 8-K/A


CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report: September 14, 2006
(Date of earliest event reported)


FORD MOTOR CREDIT COMPANY
(Exact name of registrant as specified in its charter)


Delaware
(State or other jurisdiction of incorporation)


1-6368
38-1612444
(Commission File Number)
(IRS Employer Identification No.)
 
 
One American Road, Dearborn, Michigan
48126
(Address of principal executive offices)
(Zip Code)


Registrant's telephone number, including area code 313-322-3000


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 140.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

Item 2.05. Costs Associated with Exit or Disposal Activities.
 
Reference is made to our Current Report on Form 8-K filed September 29, 2006, in which we stated that in connection with the continuing business transformation of Ford Motor Credit Company ("Ford Credit"), Ford Credit committed to a plan to combine its North American branches with its existing service centers. We also stated that neither the costs nor the cash expenditures, primarily for personnel separations, associated with these actions could at that time be reasonably estimated. We have now estimated the following life-time costs for associated restructuring actions in the United States and Canada (in millions):

Personnel-reduction programs
  
$
200
  
Other (staffing launch, relocation and facilities related)
    
90
  
Total
 
$
290
  

Of the total $290 million of estimated costs, $33 million has been expensed in 2006 and substantially all of the balance is expected to be expensed in 2007. Of the $200 million of personnel-reduction costs, $29 million was accrued in 2006 and substantially all of the balance is expected to be accrued in the first quarter of 2007. The costs estimated above also constitute cash expenditure estimates.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
FORD MOTOR CREDIT COMPANY
 
 
(Registrant)
 
 
 
Date: March 9, 2007
By:
/s/C. M. MacGillivray
 
 
     C. M. MacGillivray
 
 
     Assistant Secretary
 
 
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