Show C RP 1 TO TOI J I FINANCE TIME f CARS CAR Branches to Be Established dished in Sales Territories Territories Territories Ter Ter- DETROIT May 3 United Press Edsel Edse Ford announced today the organization of the Universal Credit corporation corpor a nationwide organization for the purpose of financing fi financing fi Ford products on an in installment in- in basis Tho The corporation is modeled along tho line line- of the General Motors Acceptance Acceptance Acceptance Ac Ac- corporation which finances the tho products of ot General Motors l Bi Branch territories of the Universal corporation will be the same as the sales sales' territories of ot the Ford or- or and credit offices will willbe be opened in In each territory tory as rapidly rapIdly rapidly rap- rap Idly as possible Ford Fond Fo d said This Is another step in ing the costs by operations operations oper oper- from maker to consumer The cost cast of ot this finance service wilt will be lower than any heretofore heretofore here here- here here- available to Ford customers on an Ina a a national basis and IK reduces the price of Ford cars purchased on a time payment basis The n new w organization Is headed by Ernest Kanzler vice vlee president of the of the Guardian Detroit bank |