10-D 1 k26888e10vd.txt FORM 10-D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-D ASSET-BACKED ISSUER DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the monthly distribution period from April 1, 2008 to April 30, 2008 Commission File Number of issuing entity: 333-143316-04 Ford Credit Auto Owner Trust 2008-B (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-143316 Ford Credit Auto Receivables Two LLC (Exact name of depositor as specified in its charter) Ford Motor Credit Company LLC (Exact name of sponsor as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization of the issuing entity) 22-6995253 (I.R.S. Employer Identification No.) C/O U.S. Bank Trust National Association 300 Delaware Avenue, 9th Floor, Wilmington, Delaware 19801 (Address of principal executive offices (Zip Code) of the issuing entity)

(302) 576-3700 (Telephone number, including area code) Registered/reporting pursuant to (check one)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No ----- ----- PART I - DISTRIBUTION INFORMATION Item 1. Distribution and Pool Performance Information. Distribution and performance information of the asset pool of the issuing entity is set forth in the attached Monthly Investor Report. PART II OTHER INFORMATION Item 9. Exhibits. EXHIBITS

2 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 thereunto duly authorized. FORD CREDIT AUTO OWNER TRUST 2008-B (Issuing entity) By: Ford Motor Credit Company LLC (Servicer) Date: May 21, 2008 /s/ Susan J. Thomas ---------------------------------------- Susan J. Thomas Secretary 3 EXHIBIT INDEX

4 Exhibit 99.1 Ford Credit Auto Owner Trust 2008-B Monthly Investor Report Collection Period April, 2008 Payment Date 5/15/2008 Transaction Month 1 Additional information about the structure, cashflows, defined terms and parties for this transaction can be found in the prospectus supplement, available on the SEC website (http://www.sec.gov) under the registration number 333-143316 and at http://www.fordcredit.com/institutionalinvestments/index.jhtml.

I. ORIGINAL DEAL PARAMETERS

Page 1 Ford Credit Auto Owner Trust 2008-B Monthly Investor Report Collection Period April, 2008 Payment Date 5/15/2008 Transaction Month 1

Principal Payment: First Priority Principal Payment $0.00 Second Priority Principal Payment $21,818,261.28 Third Priority Principal Payment $31,500,000.00 Regular Principal Payment $7,326,496.28 ------------- Total $60,644,757.56

IV. NOTEHOLDER PAYMENTS

Page 2 Ford Credit Auto Owner Trust 2008-B Monthly Investor Report Collection Period April, 2008 Payment Date 5/15/2008 Transaction Month 1

V. NOTE BALANCE AND POOL INFORMATION

Page 3 Ford Credit Auto Owner Trust 2008-B Monthly Investor Report Collection Period April, 2008 Payment Date 5/15/2008 Transaction Month 1

Delinquent Receivables:

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Ford Credit Auto Owner Trust 2008-B 10-D