Exhibit 99.1

Contact:	Media: Margaret Mellott 1-313-322-5393	Fixed Income Investment Community: David Dickenson 1-313-621-0881
	mmellott@ford.com	ddickens@ford.com

FOR IMMEDIATE RELEASE

FORD MOTOR CREDIT REPORTS FIRST QUARTER 2009 PRELIMINARY RESULTS*

DEARBORN, Mich., April 24, 2009 – Ford Motor Credit Company reported a net loss of $13 million in the first quarter of 2009, a decrease of $37 million from net income of $24 million a year earlier.  On a pre-tax basis, Ford Motor Credit reported a loss of $36 million in the first quarter, compared with earnings of $32 million in the previous year.

The decrease in pre-tax earnings primarily reflected lower volume and a higher provision for credit losses, offset partially by lower depreciation expense for leased vehicles and lower net losses related to market valuation adjustments to derivatives.  Lower operating costs were offset partially by other expenses, including restructuring costs.

“Like the rest of the industry, Ford Motor Credit continues to be affected by credit market constraints, reduced vehicle sales, low consumer confidence, and job contraction in difficult economic conditions,” said Mike Bannister, Ford Motor Credit chairman and CEO.  “However, we continue to provide consistent levels of support to Ford Motor Company dealers and customers in the downturn through our strong business and prudent lending practices.”

On March 31, 2009, Ford Motor Credit’s on-balance sheet net receivables totaled $104 billion, compared with $116 billion at year-end 2008.  Managed receivables were $106 billion on March 31, 2009, down from $118 billion on December 31, 2008.  The lower receivables primarily reflected lower North America and Europe receivables, mainly due to lower industry volumes, lower dealer stocks, and the transition of Jaguar, Land Rover, and Mazda financing to other finance providers.

On March 31, 2009, managed leverage was 10 to 1.  During the quarter, Ford Motor Credit used $1.1 billion of cash to purchase a portion of Ford Motor Company’s senior secured term loan debt.  Ford Motor Credit distributed the term loan debt to its immediate parent, Ford Holdings LLC, whereupon it was forgiven.

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

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* The financial results discussed herein are presented on a preliminary basis; final data will be included in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2009.

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FORD MOTOR CREDIT COMPANY LLC AND SUBSIDIARIES

PRELIMINARY

CONSOLIDATED STATEMENT OF OPERATIONS

For the Periods Ended March 31, 2009 and 2008

(in millions)

	First Quarter
	2009			2008
	(Unaudited)
Financing revenue
Operating leases	$	1,398		$	1,707
Retail		756			859
Interest supplements and other support costs earned from affiliated companies		970			1,246
Wholesale		291			477
Other		20			35
Total financing revenue		3,435			4,324
Depreciation on vehicles subject to operating leases		(1,415	)		(1,814	)
Interest expense		(1,420	)		(1,992	)
Net financing margin		600			518
Other revenue
Insurance premiums earned, net		29			40
Other income, net		64			187
Total financing margin and other revenue		693			745
Expenses
Operating expenses		328			367
Provision for credit losses		385			327
Insurance expenses		16			19
Total expenses		729			713
Income/(Loss) before income taxes		(36	)		32
Provision for/(Benefit from) income taxes		(23	)		9
Income/(Loss) from continuing operations		(13	)		23
Gain on disposal of discontinued operations		—			1
Net income/(loss)	$	(13	)	$	24

FORD MOTOR CREDIT COMPANY LLC AND SUBSIDIARIES

PRELIMINARY

CONSOLIDATED BALANCE SHEET

(in millions)

	March 31,		December 31,
	2009		2008
	(Unaudited)
ASSETS
Cash and cash equivalents	$	12,638	$	15,473
Marketable securities		7,236		8,606
Finance receivables, net		84,014		93,331
Net investment in operating leases		20,166		22,506
Notes and accounts receivable from affiliated companies		810		1,047
Derivative financial instruments		2,799		3,791
Assets of held-for-sale operations		—		214
Other assets		4,644		5,159
Total assets	$	132,307	$	150,127
LIABILITIES AND SHAREHOLDER’S INTEREST
Liabilities
Accounts payable
Customer deposits, dealer reserves and other	$	1,129	$	1,781
Affiliated companies		1,293		1,015
Total accounts payable		2,422		2,796
Debt		111,422		126,458
Deferred income taxes		2,361		2,668
Derivative financial instruments		1,973		2,145
Liabilities of held-for-sale operations		—		56
Other liabilities and deferred income		4,859		5,438
Total liabilities		123,037		139,561
Shareholder’s interest
Shareholder’s interest		5,149		5,149
Accumulated other comprehensive income		203		432
Retained earnings		3,918		4,985
Total shareholder’s interest		9,270		10,566
Total liabilities and shareholder’s interest	$	132,307	$	150,127

FORD MOTOR CREDIT COMPANY LLC AND SUBSIDIARIES

OPERATING HIGHLIGHTS

	First Quarter
	2009			2008
Financing Shares
United States
Financing share – Ford, Lincoln and Mercury
Retail installment and lease		31	%		37	%
Wholesale		78			77
Europe
Financing share – Ford
Retail installment and lease		26	%		25	%
Wholesale		99			96
Contract Volume – New and used retail/lease (in thousands)
North America segment
United States		135			275
Canada		20			31
Total North America segment		155			306
International segment
Europe		122			178
Other international		17			49
Total International segment		139			227
Total contract volume		294			533
Borrowing Cost Rate*		5.0	%		5.6	%
Charge-offs – On-Balance Sheet (in millions)
Retail installment and lease	$	309		$	226
Wholesale		19			1
Other		4			2
Total charge-offs – on-balance sheet	$	332		$	229
Total loss-to-receivables ratio – on-balance sheet		1.21	%		0.64	%
Memo :
Total charge-offs – managed (in millions)**	$	335		$	243
Total loss-to-receivables ratio – managed**		1.22	%		0.66	%

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* On-balance sheet debt includes the effects of derivatives and facility fees.

** See Appendix for additional information.

FORD MOTOR CREDIT COMPANY LLC AND SUBSIDIARIES

APPENDIX

In evaluating Ford Motor Credit’s financial performance, Ford Motor Credit management uses financial measures based on Generally Accepted Accounting Principles (“GAAP”), as well as financial measures that include adjustments from GAAP.  Included below are brief definitions of key terms, information about the impact of on-balance sheet securitization and a reconciliation of non-GAAP measures to GAAP:

· Managed receivables:  receivables reported on Ford Motor Credit’s balance sheet, excluding unearned interest supplements related to finance receivables, and securitized off-balance sheet receivables that Ford Motor Credit continues to service

· Charge-offs on managed receivables:  charge-offs associated with receivables reported on Ford Motor Credit’s balance sheet and charge-offs associated with receivables that Ford Motor Credit sold in off-balance sheet securitizations and continues to service

· Equity:shareholder’s interest reported on Ford Motor Credit’s balance sheet

IMPACT OF ON-BALANCE SHEET SECURITIZATION:  Finance receivables (retail and wholesale) and net investment in operating leases reported on Ford Motor Credit’s balance sheet include assets included in securitizations that do not qualify for accounting sale treatment.  These underlying securitized assets are available only for payment of the debt or other obligations issued or arising in the securitization transactions; they are not available to pay the other obligations of Ford Motor Credit or the claims of Ford Motor Credit’s other creditors until the associated debt or other obligations are satisfied.  Debt reported on Ford Motor Credit’s balance sheet includes obligations issued or arising in securitizations that are payable only out of collections on the underlying securitized assets and related enhancements.

RECONCILIATION OF NON-GAAP MEASURES TO GAAP:

Managed Leverage Calculation	March 31,			December 31,
	2009			2008
	(in billions)
Total debt	$	111.4		$	126.5
Securitized off-balance sheet receivables outstanding		0.5			0.6
Retained interest in securitized off-balance sheet receivables		(0.1	)		(0.1	)
Adjustments for cash, cash equivalents, and marketable securities*		(19.4	)		(23.6	)
Adjustments for derivative accounting**		(0.3	)		(0.4	)
Total adjusted debt	$	92.1		$	103.0
Equity	$	9.3		$	10.6
Adjustments for derivative accounting**		(0.1	)		(0.2	)
Total adjusted equity	$	9.2		$	10.4
Managed leverage (to 1) = Total adjusted debt / Total adjusted equity		10.0			9.9
Memo:  Financial statement leverage (to 1) = Total debt / Equity		12.0			12.0

Net Finance Receivables and Operating Leases	March 31,			December 31,
	2009			2008
Receivables – On-Balance Sheet	(in billions)
Retail installment	$	61.3		$	65.5
Wholesale		22.8			27.7
Other finance receivables		2.7			2.8
Unearned interest supplements		(1.3	)		(1.3	)
Allowance for credit losses		(1.5	)		(1.4	)
Finance receivables, net		84.0			93.3
Net investment in operating leases		20.2			22.5
Total receivables – on-balance sheet	$	104.2		$	115.8
Memo:  Total receivables – managed***	$	106.0		$	117.7

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* Excludes marketable securities related to insurance activities.

** Primarily related to market valuation adjustments to derivatives due to movements in interest rates.  Adjustments to debt are related to designated fair value hedges and adjustments to equity are related to retained earnings.

*** Includes on-balance sheet receivables, excluding unearned interest supplements related to finance receivables of $1.3 billion at March 31, 2009 and December 31, 2008; and includes off-balance sheet retail receivables of about $500 million and about $600 million at March 31, 2009 and December 31, 2008, respectively.