OTHER NEWS - June 13, 1996

Ford Sells Commercial-Vehicle-Leasing Business: The auto maker said it has sold Fleet Services, which manages more than 100,000 cars, vans and trucks for 1,850 commercial fleet customers, to Associates First Capital Corp., a consumer finance unit of Ford Motor Co. The deal was worth about $875 million. Fleet Services employs more than 200 people at the unit’s San Mateo, Calif., headquarters and at 34 regional offices nationwide. No changes in staffing are planned, Ford said. Last month, Ford said it would sell its rail car leasing unit of USL Capital to Chicago-based First Union Rail Corp. for about $900 million. USL Capital is based in San Francisco.