2006 Proxy Statement Filed

Ford Motor Co
07 April 2006


FORD MOTOR COMPANY PROXY REPORTS 2005 EXECUTIVE COMPENSATION; KRAVIS, PADILLA 
AND REICHARDT NOT STANDING FOR RE-ELECTION TO THE BOARD OF DIRECTORS


DEARBORN, Mich.; April 7, 2006 - Ford Motor Company (NYSE: F) today filed its
2006 proxy statement with the Securities and Exchange Commission. The statement
outlines compensation for select executives, including William Clay Ford, Jr.,
chairman and chief executive officer.


This year, the Compensation Committee of the Board of Directors decided to
provide additional information regarding executive compensation in the spirit of
proposed SEC rule changes. The proxy now includes a table summary of the dollar
values of the total annual compensation provided, granted to, or received by
each of the named executives during 2005, 2004 and 2003.


It is important to note that the amounts shown associated with stock awards
reflect the fair market value of the common stock on the date of the grant, and
amounts shown associated with option awards reflect the Black-Scholes value of
the option grants on the date of the grant. Whether exercising stock options is
profitable depends on the relationship between the company's common stock's
market price and the option's exercise price, as well as on the grantee's
investment decisions. Therefore, placing a current value on outstanding options
is highly speculative and may not represent the true benefit, if any, that may
be realized by the grantee. 


Compensation of Ford executives for 2005 generally consisted of salary and 
stock-based awards. No bonuses were paid for 2005 under the Annual Incentive 
Compensation Plan.


Compensation details found in the 2006 proxy statement include:



•    William Clay Ford, Jr., chairman and chief executive officer, received no
     cash salary or bonus for 2005. The value of his 2005 compensation totaled 
     $13,298,279. In lieu of a cash salary for the first quarter of 2005, he 
     received a restricted common stock grant of 32,837 shares with a one
     year restriction period valued at $372,043, continuing his practice of 
     tying his compensation to the long-term performance of the company.  In 
     addition, Mr. Ford was granted 1,685,393 stock options under the 1998 Long-
     Term Incentive Plan with a Black-Scholes value on the date of grant of 
     $7,499,999. On May 11, 2005, Mr. Ford committed to forego any new 
     compensation, including salary, bonus or other awards, until the company's 
     Automotive Sector achieves sustainable profitability. As a result, he did 
     not receive any form of salary for his services as CEO for the second, 
     third or fourth quarter of 2005. Mr. Ford received a performance-based 
     incentive program award of 632,587 Restricted Stock Equivalents with a 
     value of $4,959,482 on the date of grant, for 2005 performance under the 
     1998 Long-Term Incentive Plan, as his eligibility for the award was 
     established prior to the May 2005 commitment to forgo new compensation. 
     For the third year, Mr. Ford has committed to donate shares representing 
     his performance award to charities of his choice on the date 
     the restrictions lapse in 2007. Mr. Ford also received other compensation 
     totaling $466,755, which included $297,201 in value for required use of the 
     corporate aircraft.


•    Jim Padilla, president and chief operating officer, earned $1,458,333 in 
     salary. The value of his 2005 compensation totaled $6,752,248. Mr. Padilla 
     received stock and stock equivalent awards totaling $1,986,781, which 
     included a performance-based incentive program award of 236,166 Restricted 
     Stock Equivalents with a value of $1,851,541 for 2005 performance and a 
     long-term incentive payout of common stock with a value of $135,240 for the 
     2003-2005 performance period. In addition, Mr. Padilla received 629,213 
     stock options under the 1998 Long-Term Incentive Plan with a Black-Scholes
     value on the date of grant of $2,799,998.   Other compensation totaled 
     $507,136, which included $204,672 in value for required use of the 
     corporate aircraft and $21,250 in SSIP matching contributions and related 
     credits.
                                   
                                        
•    Mark Fields, executive vice president and president, The Americas, earned 
     $972,500 in salary. The value of his 2005 compensation totaled $3,209,832. 
     Mr. Fields received stock and stock equivalent awards totaling $215,470, 
     which included a performance-based incentive program award of 20,583 
     Restricted Stock Equivalents with a value of $161,374 for 2005 performance 
     and a long-term incentive payout of common stock valued at $54,096 for the 
     2003-2005 performance period. In addition, Mr. Fields received 87,500
     stock options under the 1998 Long Term Incentive Plan with a Black-Scholes 
     value on the date of grant of $389,375. Other compensation totaled 
     $1,632,487, which included a $1 million cash retention payment, $214,479 in 
     value for personal use of the company aircraft, and $13,200 in SSIP 
     matching contributions and related credits.


•    Don Leclair, executive vice president and chief financial officer, earned 
     $916,667 in salary. The value of his 2005 compensation totaled $1,580,122. 
     Mr. Leclair received stock and stock equivalent awards totaling $186,619, 
     which included a performance-based incentive program award of 20,583 
     Restricted Stock Equivalents with a value of $161,374 for 2005 performance 
     and a long-term incentive payout of common stock with a value of $25,245 
     for the 2003-2005 performance period. In addition, Mr. Leclair received 
     87,500 stock options under the 1998 Long-Term Incentive Plan with a Black-
     Scholes value on the date of grant of $389,375. Other compensation totaled 
     $87,461, which included $13,500 in SSIP matching contributions and related 
     credits.


•    Greg Smith, former vice chairman, earned $880,000 in salary. The value of 
     his 2005 compensation totaled $1,596,949. Mr. Smith received stock and 
     stock equivalent awards totaling $215,470, which included a performance-
     based incentive program award of 20,583 Restricted Stock Equivalents with a 
     value of $161,374 for 2005 performance and a long-term incentive payout of 
     common stock with a value of $54,096 for the 2003-2005 performance period. 
     In addition, Mr. Smith received 87,500 stock options under the 1998 Long 
     Term Incentive Plan with a Black-Scholes value on the date of grant of 
     $389,375. Other compensation totaled $112,104, which included $13,200 in 
     SSIP matching contributions and related credits.

                                  

Carl E. Reichardt, 74, a board member since 1986, and Marie-Josee Kravis, 56, a 
board member since 1995, have decided to not stand for re-election at the 
company's Annual Meeting on May 11.


James J. Padilla, 59, has announced his intention to retire from the company
effective July 1, 2006, and also will not stand for Board re-election at the
company's Annual Meeting on May 11.


The Board of Directors accordingly is expected to reduce the number of directors
from 15 to 12, effective at the Annual Meeting of Shareholders.


'Carl, Marie-Josee and Jim have made invaluable contributions to the company
while serving on the Board of Directors. We will miss their wise counsel and
judgment and we wish them all the best in the future,' said Chairman and Chief
Executive Officer Bill Ford.


The company's Annual Meeting of Shareholders will be held on Thursday, May 11,
at 9 a.m. EDT at the Hotel du Pont, 100 W. 11th Street, Wilmington Delaware.


Ford Motor Company, a global automotive industry leader based in Dearborn,
Mich., manufactures and distributes automobiles in 200 markets across six
continents. With about 300,000 employees, the company's core and affiliated
automotive brands include Aston Martin, Ford, Jaguar, Land Rover, Lincoln,
Mazda, Mercury and Volvo. Its automotive-related services include Ford Motor
Credit Company.







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