Final Results

Ford Motor Co
24 January 2008


NEWS

Contact: 

Media:          Equity Investment   Fixed Income          Shareholder Inquiries:
Becky Sanch     Community:          Investment Community: 1.800.555.5259 or
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[e-mail] 1.313.594.0613      1.313.621.0881        [e-mail]
                [e-mail]       [e-mail]
   


FORD ANNOUNCES 2007 FOURTH QUARTER AND FULL YEAR 
PRELIMINARY RESULTS+ - SIGNIFICANT PROGRESS ON PLAN 
      
•    Full-year net loss of $2.7 billion, an improvement of $9.9 billion from 
     2006.  Fourth-quarter net loss of $2.8 billion, an improvement of more 
     than $2.8 billion from 2006. 

•    Excluding special items++, full-year pre-tax profit from continuing 
     operations was $126 million, up $3.3 billion from a year ago.  
     Fourth-quarter pre-tax loss was $620 million, an improvement of 
     $1.3 billion.  

•    All Automotive operations, with the exception of North America, were 
     profitable for the full-year, excluding special items, and all Automotive 
     operations achieved significant improvements when compared with 2006. 

•    Automotive gross cash of $34.6 billion at Dec. 31, 2007, $700 million above 
     year-end 2006. +++ 

•    Significant progress made on our plan to aggressively restructure to 
     operate profitably, accelerate the development of new products our 
     customers want and value, finance our plan and improve the balance sheet, 
     and work together effectively as one team, leveraging our global assets. 


Financial Results Summary                 Fourth Quarter         Full Year
                                       2007   O/(U) 2006      2007   O/(U) 2006

Wholesales (000)                      1,643           75     6,553          (44)
Revenue (Bils.)++                  $   45.5      $   5.2   $ 173.9     $   13.8

Continuing Operations 
(Excluding Special Items)++++
Automotive                         $   (889)     $ 1,454  $ (1,098)    $  4,020
Financial Services                      269         (147)    1,224         (742)
                                   ________      _______  ________     ________
  Pre-Tax Profits (Mils.)          $   (620)     $ 1,307     $ 126     $  3,278
  
After-Tax Profits (Mils.)              (429)       1,525      (366)       2,334
Earnings Per Share ++                 (0.20)        0.83     (0.19)        1.25

Special Items Pre-Tax (Mils.)      $ (3,852)     $   (85) $ (3,872)    $  8,050

Net Income
After-Tax Profits (Mils.)          $ (2,753)     $ 2,872  $ (2,665)    $  9,948
Earnings Per Share++                  (1.30)        1.68     (1.35)        5.37
Automotive Gross Cash (Bils.) +++  $   34.6      $   0.7  $   34.6     $    0.7


See end notes on page 9.


DEARBORN, Mich., Jan. 24, 2008 - Ford Motor Company (NYSE: F) today reported a 
2007 full-year net loss of $1.35 per share, or $2.7 billion.  This compares with
a 2006 full-year net loss of $6.72 per share, or $12.6 billion.   

Ford's 2007 revenue, excluding special items, was $173.9 billion, up from $160.1
billion a year ago.  The increase primarily reflected changes in exchange rates,
higher net pricing and improved product mix.  

For full-year 2007, Ford earned a pre-tax operating profit from continuing
operations, excluding special items, of $126 million.  Including taxes, Ford's
full-year loss from continuing operations was $366 million, or 19 cents per
share, compared with a 2006 loss of $2.7 billion, or $1.44 per share.  

Special items, which primarily reflected non-cash charges associated with a
Premier Automotive Group (PAG) asset impairment (related to Volvo) and a change
in business practice for providing retail incentives to dealers throughout the
year, reduced full-year pre-tax results by $3.9 billion or $1.18 per share,
which included a reduction in revenue of $1.4 billion.  

Automotive gross cash, which includes cash and cash equivalents, net marketable
securities, loaned securities and short-term VEBA assets, was $34.6 billion at
Dec. 31, 2007, an increase of $700 million from year-end 2006.  

'Each of our Automotive operations is improving, and we are encouraged by the
progress, which validates our strategy and plan,' said Ford President and CEO
Alan Mulally.  'In 2007, we introduced great new products around the globe that
received strong third-party endorsements for styling, quality and safety.  This
year, we have some outstanding new product introductions including the Ford
Flex, Lincoln MKS, and Ford F-150 in North America, and Ford Kuga and the
production version of the Ford Verve concept in Europe.' 

FULL YEAR HIGHLIGHTS

Full-year 2007 highlights supporting the company's plan included:
     
•    Reached agreement with the United Auto Workers (UAW) on a new four-year 
     national labor contract, which significantly improves the company's 
     competitiveness going forward.    

•    Continued to align capacity to match demand and improve productivity in 
     North America, and reduced personnel by 32,800 in 2007. 

•    Achieved $1.8 billion in cost savings in 2007 (at constant volume, mix and 
     exchange; excluding special items). 

•    Introduced Ford SYNC - the company's award-winning, fully integrated, 
     voice-activated in-car communications and entertainment system developed in 
     association with Microsoft - which will be available in nearly every Ford, 
     Lincoln and Mercury product by the end of 2008.  

•    In the U.S., Ford, Lincoln and Mercury crossover utility vehicles led the 
     fastest-growing segment with a sales gain of 62 percent in 2007. 

•    The Ford Mustang convertible made history as the first sports car and first 
     convertible to earn the highest possible safety ratings from the National 
     Highway Traffic and Safety Administration (NHTSA).  The Mustang convertible 
     earned five-star ratings in all crash test and rollover categories. 

•    Ford Taurus, Taurus X and Mercury Sable earned Top Safety Pick ratings from 
     the Insurance Institute for Highway Safety (IIHS) for achieving the highest 
     possible ratings in frontal, side and rear crash test performance.  They 
     also earned five-star crash-test ratings from NHTSA. 

•    Ford Europe captured Autocar Magazine's annual 'Car Company of the Year' 
     award.   

•    Ford Mondeo joins three other models - Ford Focus, Galaxy and S-MAX - with 
     a five-star performance on the Euro NCAP Top 10 list, reinforcing Ford 
     Europe's position as the manufacturer with the highest number of vehicles 
     in the top 10 for adult occupant protection. 

•    Ford South America had record pre-tax profits and unit sales were up 19 
     percent year-over-year. 

•    Land Rover achieved a third straight year of record unit sales. 

•    Volvo S80 won AutoMundo Magazine's 2007 Car of the Year Award, and Volvo 
     C30 was named Automobile Magazine's 2008 All-Star.  

•    Launched operations at new assembly plant in Nanjing, China, that will 
     produce the latest small-car models from both Ford and Mazda. 

•    Ford China unit sales rose 26 percent in 2007, outpacing industry growth in 
     China. 

•    Mazda CX-9 named 'North American Truck of the Year,' the first-ever Mazda 
     to win the honor. 

•    Completed the sale of Automobile Protection Corporation (APCO), Aston 
     Martin and two Automotive Components Holdings plants.  

•    Reduced Automotive debt by $2.7 billion by completing trust preferred 
     exchange offer and debt/equity swap. 


FOURTH QUARTER

The company reported a 2007 fourth-quarter net loss of $1.30 per share, or $2.8
billion.  This compares with a net loss of $2.98 per share, or $5.6 billion in
the same period a year ago.   

Ford's fourth-quarter revenue, excluding special items, was $45.5 billion, up
from $40.3 billion a year ago.  The increase reflected changes in currency
exchange rates, higher net pricing, and improved volume.

Ford's fourth-quarter after-tax loss from continuing operations, excluding
special items, was 20 cents per share, or $429 million, compared with a 2006
after-tax loss of $1.03 per share, or $2.0 billion.  

Special items reduced pre-tax results by $3.9 billion or $1.10 per share in the
fourth quarter, which included a revenue reduction of $1.4 billion.  These
primarily reflected non-cash charges associated with a PAG asset impairment
(related to Volvo) and a change in business practice for providing retail
incentives to dealers.

________________________________________________________________________________
The following discussion of the results of our Automotive sector and Automotive
segments/business units is on a basis that excludes special items.  See tables
following 'Safe Harbor/Risk Factors' for the nature and amount of these special
items and any necessary reconciliations to U.S. GAAP.
________________________________________________________________________________

AUTOMOTIVE SECTOR 

For the full year, Ford's worldwide Automotive sector reported a pre-tax loss of
$1.1 billion, compared with a pre-tax loss of $5.1 billion a year ago.  The
improvements primarily reflected higher net pricing, lower costs, and favorable
mix, partially offset by unfavorable changes in currency exchange rates, and
higher net interest expense. 

For the fourth quarter, Ford's worldwide Automotive sector reported a pre-tax
loss of $889 million, compared with a pre-tax loss of $2.3 billion during the
same period a year ago.  The improvements were more than explained by higher net
pricing and improved volume and mix, partially offset by unfavorable changes in
currency exchange rates and higher net interest expense. 

Worldwide Automotive revenue for 2007 was $155.8 billion, compared with $143.3
billion a year ago.  Total fourth-quarter Automotive revenue was $40.8 billion,
up from $36.0 billion a year ago.

Total company vehicle wholesales in 2007 were 6,553,000, compared with 6,597,000
units a year ago.  Fourth-quarter vehicle wholesales were 1,643,000, up from
1,568,000 a year ago.

North America: For 2007, Ford's North America Automotive operations reported a
pre-tax loss of $3.5 billion, compared to a loss of $6.0 billion a year ago. 
The improvement primarily reflected higher net pricing, favorable mix, and lower
costs, partially offset by a number of factors including lower volumes and
unfavorable changes in currency exchange rates.  For the year, revenue was $70.5
billion, up from $69.4 billion a year ago.  

For the fourth quarter, North America Automotive operations reported a pre-tax
loss of $1.6 billion, compared with a loss of $2.7 billion a year ago.  The
improvement primarily reflected higher net pricing, and improved volume and mix,
partially offset by higher costs and unfavorable changes in currency exchange
rates.  Fourth quarter revenue was $17.0 billion, up from $15.1 billion a year
ago.

South America: Ford's South America operations reported a full-year pre-tax
profit of $1.2 billion, compared with a profit of $551 million a year ago.  The
improvement was explained by higher net pricing and volume, partially offset by
increased costs.  Full-year revenue improved to $7.6 billion from $5.7 billion
in 2006.

For the fourth quarter, Ford's South America operations posted a pre-tax profit
of $418 million, up from $114 million a year ago.  The improvement reflected
higher net pricing and higher volume.  Fourth-quarter revenue improved to $2.4
billion from $1.7 billion a year ago.   

Ford Europe: Ford Europe's full-year pre-tax profit was $997 million, up from
$455 million in 2006.  The improvement reflected continued progress on cost
reductions, improved volume and mix, and higher net pricing.  Full-year revenue
improved to $36.5 billion from $30.4 billion in 2006.  

For the fourth quarter, Ford Europe pre-tax profits were $223 million, up from
$218 million a year ago.  The improvement was primarily explained by favorable
cost performance, offset by lower volume.  Fourth-quarter revenue was $10.4
billion, an improvement from $8.8 billion a year ago.  

Premier Automotive Group (PAG): PAG reported a full-year pre-tax profit of $504
million, compared with a loss of $344 million a year ago.  The improvement was
more than explained by cost reductions across all brands, volume growth, and
higher net pricing at Land Rover, partially offset by unfavorable changes in
currency exchange rates and adverse mix.  Volvo incurred a loss for the full
year.  Full-year revenue for PAG was $33.2 billion, compared with $30.0 billion
in 2006.

For the fourth quarter, PAG reported a $59 million profit, compared with $174
million in the same period a year ago.  The decline was more than explained by
Volvo, primarily reflecting adverse currency exchange rates, product mix, and
the non-repeat of one-time profit impacts included in 2006 results.  Within PAG,
Volvo was breakeven, with the combined Jaguar and Land Rover operations
accounting for the profit.  PAG revenue for the quarter was $9.0 billion,
compared with $8.6 billion a year ago. 

Asia Pacific and Africa: For full-year 2007, Asia Pacific and Africa reported a
pre-tax profit of $40 million, compared with a pre-tax loss of $185 million a
year ago.  The improvement primarily reflected favorable cost performance and
net revenue, and higher profits from our Chinese joint ventures, partially
offset by adverse mix and exchange.  Full-year revenue was $7.0 billion,
compared with $6.5 billion a year ago.  

For the fourth quarter, Asia Pacific and Africa reported a pre-tax profit of $10
million, compared with a pre-tax loss of $135 million a year ago.  The
improvement primarily reflected favorable net revenue, improved cost
performance, and higher profits in China.  Fourth-quarter revenue was $1.7
billion, compared with $1.4 billion in 2006.

Mazda: For the full year, Ford earned $204 million from its investment in Mazda
and associated operations, compared with $168 million in 2006.  Ford earned $83
million from its investment in Mazda and associated operations in the fourth
quarter, compared with $51 million a year ago. 

Other Automotive: Other Automotive, which consists of interest and financing-
related costs, accounted for a full-year pre-tax loss of $547 million, compared
with a pre-tax profit of $247 million in 2006.  The decline primarily reflected
the non-recurrence of last year's tax-related interest income of about $670
million, and higher net interest expense associated with financing implemented
during the fourth quarter of 2006.

Fourth-quarter Other Automotive results included a pre-tax loss of $128 million,
compared with a pre-tax loss of $59 million a year ago.  The change was more
than explained by higher net interest expense.  

FINANCIAL SERVICES SECTOR For the full year, the Financial Services sector
earned a pre-tax profit of $1.2 billion, compared with a pre-tax profit of $2.0
billion in 2006.  For the fourth quarter, the Financial Services sector earned
$269 million, compared with $416 million a year ago.

Ford Motor Credit Company: Ford Motor Credit Company reported net income of $775
million in 2007, down from earnings of $1.3 billion a year ago.  On a pre-tax
basis, Ford Motor Credit earned $1.2 billion in 2007, down $738 million from
2006.  The decrease in full-year earnings primarily reflected the non-recurrence
of credit loss reserve reductions, higher borrowing costs, higher depreciation
expense for leased vehicles and higher costs due to Ford Motor Credit's North
American business transformation initiative.  These factors were partially
offset by lower net losses related to market valuation adjustments from
derivatives and improved operating costs.

In the fourth quarter of 2007, Ford Motor Credit's net income was $186 million,
down $93 million from a year earlier.  On a pre-tax basis, Ford Motor Credit
earned $263 million in the fourth quarter, compared with $406 million in the
previous year.  The decrease in fourth quarter earnings primarily reflected the
non-recurrence of credit loss reserve reductions, higher borrowing costs and
higher depreciation expense for leased vehicles, offset partially by lower
expenses and the non-recurrence of losses related to market valuation
adjustments from derivatives.

2008 OUTLOOK 'Although our Automotive operations are improving on a year-over-
year basis, the U.S. economy is slowing and the outlook for the auto industry
remains challenging,' said Mulally.  'To help ensure we are able to deliver our
commitments despite the difficult external environment, we will be taking
further cost reduction actions in North America, including enterprise-wide UAW
buyouts.  In addition, we will continue to accelerate the flow of new products,
reduce vehicle complexity, and adjust production to the changing business
environment.'

The 2008 planning assumptions regarding the industry, operating metrics and
profit outlook include:

________________________________________________________________________________

2008 Planning Assumptions                        Plan

Industry Volumes (SAAR)
- U.S (Mils.)                                    16.0
- Europe (Mils.)*                                17.6

2008 Operational Metrics
Compared with 2007
- Quality                                        Improve
- Automotive Costs**                             Improve by about $3 billion
                                          
Absolute Amount
- U.S. Market Share (Ford, Lincoln, Mercury)     Low end of 14-15% range
- Operating-Related Cash Flow                    Negative
- Capital Spending                               Around $6 billion

*  European 19 markets

** At constant volume, mix and exchange; excludes special items
________________________________________________________________________________


________________________________________________________________________________

Total Company 2008 Outlook


                                        Outlook           Comparison to 2007*
Automotive**                            Loss              Equal to or Better
Financial Services                      Profit            Equal
     Pre-Tax Operating Results**        Loss              Equal to or Better
Special Items                           Loss              Better
     Pre-Tax Results                    Loss              Better
Net Income                              Loss              Better


*  Adjusted to exclude Jaguar/Land Rover
** Excludes special items 
________________________________________________________________________________


CONFERENCE CALL DETAILS

Ford Motor Company (NYSE:F) will release fourth quarter and full year 2007
financial results at 7 a.m. EST, Thursday, Jan. 24. The following briefings will
be held after the announcement:

At 9 a.m. EST, Alan Mulally, president and chief executive officer, and Don
Leclair, executive vice president and chief financial officer, will host a
conference call for news media and the investment community to discuss fourth
quarter and full year results.  

Following the earnings call, at 11 a.m. EST, Ford Senior Vice President and
Controller Peter Daniel, Ford Vice President and Treasurer Neil Schloss and Ford
Motor Credit Company Vice Chairman and Chief Financial Officer K.R. Kent will
host a conference call for fixed income analysts and investors.  

The presentations (listen-only) and supporting materials will be available on
the Internet at www.shareholder.ford.com.  Representatives of the news media and
the investment community participating by teleconference will have the
opportunity to ask questions following the presentations.

________________________________________________________________________________

Access Information - Thursday, Jan. 24
Toll Free: 800-798-2884
International: 617-614-6207 

Earnings: 9:00 a.m. EST
Earnings Passcode: 'Ford Earnings'  

Fixed Income: 11:00 a.m. EST
Fixed Income Passcode: 'Ford Fixed Income'

________________________________________________________________________________


________________________________________________________________________________

Replays - Available after 2 p.m. the day of the event through Thursday, Jan. 31
www.shareholder.ford.com
Toll Free: 888-286-8010 
International: 617-801-6888  

Passcodes:
Earnings: 29481628
Fixed Income: 55865600 
________________________________________________________________________________

Ford Motor Company, a global automotive industry leader based in Dearborn,
Mich., manufactures or distributes automobiles in 200 markets across six
continents.  With about 245,000 employees and about 100 plants worldwide, the
company's core and affiliated automotive brands include Ford, Jaguar, Land
Rover, Lincoln, Mercury, Volvo and Mazda.  The company provides financial
services through Ford Motor Credit Company.  For more information regarding
Ford's products, please visit www.ford.com.

                                     - # # # -

________________________________________________________________________________
     
+    The financial results discussed herein are presented on a preliminary 
     basis; final data will be included in our Annual Report on Form 10-K for 
     the year ended Dec. 31, 2007.

++   Earnings per share from continuing operations, excluding special items, is 
     calculated on a basis that includes pre-tax profit and provision for taxes 
     and minority interest.  See tables following 'Safe Harbor/Risk Factors' for 
     the nature and amount of these special items and a reconciliation to U.S. 
     Generally Accepted Accounting Principles ('GAAP').

+++  See tables following 'Risk Factors' for reconciliation to GAAP.
     
++++ See third table following 'Risk Factors' for a reconciliation of Automotive 
     gross cash to GAAP.


Safe Harbor/Risk Factors

Statements included herein may constitute 'forward-looking statements' within
the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-
looking statements are based on expectations, forecasts and assumptions by our
management and involve a number of risks, uncertainties, and other factors that
could cause actual results to differ materially from those stated, including,
without limitation: 


•    Continued decline in market share; 
•    Continued or increased price competition resulting from industry 
     overcapacity, currency fluctuations or other factors; 
•    An increase in or acceleration of market shift away from sales of trucks, 
     sport utility vehicles, or other more profitable vehicles, particularly in 
     the United States; 
•    A significant decline in industry sales, particularly in the United States 
     or Europe, resulting from slowing economic growth, geo-political events or 
     other factors; 
•    Lower-than-anticipated market acceptance of new or existing products; 
•    Continued or increased high prices for or reduced availability of fuel; 
•    Currency or commodity price fluctuations; 
•    Adverse effects from the bankruptcy or insolvency of, change in ownership 
     or control of, or alliances entered into by a major competitor; 
•    Economic distress of suppliers that has in the past and may in the future 
     require us to provide financial support or take other measures to ensure 
     supplies of components or materials; 
•    Labor or other constraints on our ability to restructure our business; 
•    Work stoppages at Ford or supplier facilities or other interruptions of 
     supplies; 
•    Single-source supply of components or materials; 
•    Substantial pension and postretirement health care and life insurance 
     liabilities impairing our liquidity or financial condition; 
•    Inability to implement Memorandum of Understanding with UAW to fund and 
     discharge retiree health care obligations because of failure to obtain 
     court approval or otherwise; 
•    Worse-than-assumed economic and demographic experience for our 
     postretirement benefit plans (e.g., discount rates, investment returns, and 
     health care cost trends); 
•    The discovery of defects in vehicles resulting in delays in new model 
     launches, recall campaigns or increased warranty costs; 
•    Increased safety, emissions (e.g., CO2), fuel economy, or other regulation 
     resulting in higher costs, cash expenditures, and/or sales restrictions; 
•    Unusual or significant litigation or governmental investigations arising 
     out of alleged defects in our products or otherwise; 
•    A change in our requirements for parts or materials where we have entered 
     into long-term supply arrangements that commit us to purchase minimum or 
     fixed quantities of certain parts or materials, or to pay a minimum amount 
     to the seller ('take-or-pay' contracts); 
•    Adverse effects on our results from a decrease in or cessation of 
     government incentives; 
•    Adverse effects on our operations resulting from certain geo-political or 
     other events;  
•    Substantial negative Automotive operating-related cash flows for the near- 
     to medium-term affecting our ability to meet our obligations, invest in our 
     business or refinance our debt; 
•    Substantial levels of Automotive indebtedness adversely affecting our 
     financial condition or preventing us from fulfilling our debt obligations 
     (which may grow because we are able to incur substantially more debt, 
     including additional secured debt); 
•    Higher-than-expected credit losses;  
•    Increased competition from banks or other financial institutions seeking to 
     increase their share of financing Ford vehicles; 
•    Changes in interest rates; 
•    Inability of Ford Credit to access debt or securitization markets around 
     the world at competitive rates or in sufficient amounts due to additional 
     credit rating downgrades, market volatility, market disruption or 
     otherwise; 
•    Collection and servicing problems related to finance receivables and net 
     investment in operating leases; 
•    Lower-than-anticipated residual values or higher-than-expected return 
     volumes for leased vehicles; and 
•    New or increased credit, consumer or data protection or other regulations 
     resulting in higher costs and/or additional financing restrictions.

We cannot be certain that any expectation, forecast or assumption made by
management in preparing forward-looking statements will prove accurate, or that
any projection will be realized.  It is to be expected that there may be
differences between projected and actual results.  Our forward-looking
statements speak only as of the date of their initial issuance, and we do not
undertake any obligation to update or revise publicly any forward-looking
statement, whether as a result of new information, future events, or otherwise. 
For additional discussion of these risks, see 'Item 1A. Risk Factors' in our
2006 Form 10-K Report.

2007 FOURTH QUARTER INCOME /(LOSS) FROM CONTINUING OPERATIONS (EXCLUDING SPECIAL
ITEMS) COMPARED WITH NET INCOME/(LOSS)
                             
                                        Fourth Quarter            Full Year
                                   ________    ________  __________   __________
                                       2007        2006       2007         2006
                                   ________    ________  __________   __________

Revenue (Bils.)
Revenue (Excluding Special Items)  $   45.5    $   40.3  $   173.9    $   160.1
Special Items*                         (1.4)          -       (1.4)           -
                                   ________    ________  __________   _________
 Revenue                           $   44.1    $   40.3  $   172.5    $   160.1
                                   ========    ========  ==========   =========
Income (Mils.)
Pre-Tax Income/(Loss) from 
 Continuing Operations 
 (Excluding Special Items)        $    (620)   $ (1,927) $     126    $  (3,152)
Special Items*                       (3,852)     (3,767)    (3,872)     (11,922)
 Pre-Tax Income/(Loss) from 
                                   ________    ________  __________   _________
 Continuing Operations            $  (4,472)   $ (5,694) $  (3,746)   $ (15,074)

Minority Interest in Net 
Income of Subsidiaries                  107          84        312          210
Provision for/(Benefit from) 
 Income Taxes                         (1819)       (149)    (1,352)      (2,655)
                                   ________    ________  __________   _________
Income/(Loss) from Continuing 
 Ops.                             $  (2,760)   $ (5,629) $  (2,706)   $ (12,629)
Income/(Loss) from Discontinued 
 Ops.                                     7           4         41           16
                                   ________    ________  __________   _________
 Net Income/(Loss)                $  (2,753)   $ (5,625) $  (2,665)   $ (12,613)
                                   ========    ========  ==========   =========


* Special items detailed in following table.               



TOTAL COMPANY 2007 SPECIAL ITEMS

                                                      Fourth
                                                      Quarter         Full Year
                                                   ___________       ___________
                                                      (Mils.)          (Mils.)


Ford North America Separation Programs             $    (41)          $  (750)
Related OPEB Curtailment                                 11             1,332
Related Pension Curtailment                              (5)             (180)
Gain/(Loss) on Sale of Automotive 
 Components Holdings Operations                          (1)                4

PAG Sale of Aston Martin                                 (5)              208
PAG Net Gains/(Losses) on Certain 
 Undesignated Hedges                                    (76)              143
PAG Personnel-Reduction Programs/Other                  (74)             (187)
PAG Asset Impairment Charges (Volvo)                 (2,400)           (2,400)
                                                                    
Ford Europe Personnel-Reduction Programs/Other           (5)             (133)

Ford Asia Pacific and Africa Personnel 
 Reduction Programs/Other                                (2)              (23)

Gain on Exchange of Debt Security for Equity            120               120
Loss on Conversion of Trust Preferred Securities          0              (632)
Change in Business Practice - Variable Marketing*    (1,374)           (1,374)
                                                   __________       ___________
Total Pre-Tax Special Items                        $ (3,852)         $ (3,872)
                                                   ==========       ===========

Memo: Special Items Impact on Earnings Per Share** $  (1.10)         $  (1.18)

*    Affects both revenue and earnings by same amount.
**   Earnings per share for special items is calculated on a basis that includes 
     the pre-tax amount and a provision for taxes; additional information 
     regarding the method of calculating earnings per share is available in the 
     materials supporting the Jan. 24, 2008 conference calls at 
     www.shareholder.ford.com.


AUTOMOTIVE GROSS CASH RECONCILIATION TO GAAP
                                                                  Dec. 31, 2007
                                                                       B/(W)
                                   Dec. 31, 2006  Dec. 31, 2007   Dec. 31, 2006
                                   _____________  _____________   _____________
                                       (Bils.)        (Bils.)         (Bils.)

Cash and Cash Equivalents           $    16.0      $    20.7       $     4.7
Marketable Securities                    11.3            2.0            (9.3)
Loaned Securities                         5.3           10.3             5.0
                                    _________      _________       _________
Total Cash/Market. and Loaned 
 Securities                         $    32.6      $    33.0       $     0.4
Securities-In-Transit                    (0.5)          (0.3)            0.2
Short-Term VEBA Assets*                   1.8            1.9             0.1
                                    _________      _________       _________
Gross Cash                          $    33.9      $    34.6       $     0.7
                                    =========      =========       =========
     
*    Historically, amounts accessible within 18 months - Short-Term VEBA will no 
     longer be reported within gross cash as of Jan. 1, 2008, consistent with 
     new UAW VEBA agreement, which is subject to court approval
 

                      This information is provided by RNS
            The company news service from the London Stock Exchange