UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D. C. 20549



                                    FORM 8-K

                                 CURRENT REPORT



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


                           Date of Report: May 25, 2005
                                           ------------
                        (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:

[ ] Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 140.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
     Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
     Act (17 CFR 240.13e-4(c))



<PAGE>


Item 8.01  Other Events.
------------------------

     Ford Motor Company's news release on Form 8-K dated May 25, 2005,
concerning a Memorandum of Understanding between Ford Motor Company and
Visteon Corporation, filed as Exhibit 99 to this report, is incorporated by
reference herein.


Item 9.01.  Financial Statements and Exhibits.
----------------------------------------------


                                    EXHIBITS
                                    --------

Designation                Description                   Method of Filing
-----------                -----------                   ----------------

Exhibit 99                 Form 8-K dated
                           May 25, 2005 of
                           Ford Motor Company            Filed with this Report









                                    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:  May 25, 2005                  By: /s/ C. M. MacGillivray
                                             -------------------
                                             C. M. MacGillivray
                                             Assistant Secretary







                                      -2-

<PAGE>

                                  EXHIBIT INDEX
                                  -------------



Designation                Description
-----------                -----------

Exhibit 99                 Form 8-K dated
                           May 25, 2005 of
                           Ford Motor Company






                                       -3-
[{"type": "8-K", "sequence": "1", "filename": "e052505cover.txt", "secsgml_size_bytes": 3866}]
{"company-data": {"conformed-name": "FORD MOTOR CREDIT CO", "cik": "0000038009", "assigned-sic": "6159", "irs-number": "381612444", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-06368", "film-number": "05857215"}, "business-address": {"street1": "ONE AMERICAN ROAD", "city": "DEARBORN", "state": "MI", "zip": "48126", "phone": "3135949876"}, "mail-address": {"street1": "ONE AMERICAN ROAD", "city": "DEARBORN", "state": "MI", "zip": "48126"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D. C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

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

                           Date of Report: May 25, 2005
                                           ------------
                        (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:

[ ] Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 140.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
     Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
     Act (17 CFR 240.13e-4(c))
Item 8.01  Other Events.
------------------------

     Ford Motor Company's news release on Form 8-K dated May 25, 2005,
concerning a Memorandum of Understanding between Ford Motor Company and
Visteon Corporation, filed as Exhibit 99 to this report, is incorporated by
reference herein.

Item 9.01.  Financial Statements and Exhibits.
----------------------------------------------

                                    EXHIBITS
                                    --------

Designation                Description                   Method of Filing
-----------                -----------                   ----------------

Exhibit 99                 Form 8-K dated
                           May 25, 2005 of
                           Ford Motor Company            Filed with this Report

                                    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:  May 25, 2005                  By: /s/ C. M. MacGillivray
                                             -------------------
                                             C. M. MacGillivray
                                             Assistant Secretary

                                      -2-
EXHIBIT INDEX
                                  -------------

Designation                Description
-----------                -----------

Exhibit 99                 Form 8-K dated
                           May 25, 2005 of
                           Ford Motor Company

                                       -3-