1st Quarter Results

Ford Motor Co
26 April 2007



NEWS


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FOR IMMEDIATE RELEASE

FORD REPORTS PRELIMINARY FIRST QUARTER 2007 FINANCIAL RESULTS*


   • Revenue of $43 billion.

   • Net loss of 15 cents per share, or $282 million, for the first quarter 
     of 2007.

   • Loss of 9 cents per share, or $171 million, from continuing operations 
     excluding special items.**

   • Record profits at Premier Automotive Group, with improvements in all 
     brands

   • Automotive gross cash at March 31, 2007 was $35.2 billion, including cash 
     and cash equivalents, net marketable securities, loaned securities and 
     short-term Voluntary Employee Benefits Association (VEBA) assets,***


DEARBORN, Mich., April 26,2007 - Ford Motor Company (NYSE:F) today reported a
net loss of 15 cents per share, or $282 million, for the first quarter of 2007.
This compares with a net loss of 76 cents per share, or $1.4 billion, in the
first quarter of 2006.

Ford's s first-quarter loss from continuing operations, excluding special items,
was 9 cents per share, or $171 million, compared with a profit of 12 cents per
share, or $223 million, in the same period a year ago.**

________________________________________________________________________________
* The financial results discussed herein are presented on a preliminary basis;
final data will be included hi our Quarterly Report on Form 10-Q for the quarter
ended March 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 table 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 table following 'Safe Harbor/Risk Factors' for a reconciliation of
Automotive gross cash to GAAP.



Special items, which primarily reflected the impact of restructuring efforts,
reduced pre-tax results by $113 million, or 6 cents per share, in the first
quarter.   

Ford's first-quarter revenue was $43 billion, up from $40.8 billion a year ago. 
The increase primarily reflected mix improvement and favorable currency
exchange, partially offset by lower volume. 

'We are making progress on executing the four priorities of our plan -
restructuring the company, accelerating product development, funding our plan
and working effectively as one team,' said President and Chief Executive Officer
Alan Mulally.  'I am pleased that the basics of our business are improving, but
we still have a lot of work to do.

'Our first quarter results came in somewhat stronger than expected, but there
are many uncertainties going forward.  We remain focused on improving our
quality, productivity and business performance,' Mulally added.


First-quarter highlights included:


  • Strong performance of new U.S. products including Ford Edge, Lincoln MKX, 
    Ford F-Series Super Duty, Ford Escape and Mercury Mariner.    
  • Successful public introduction of the all-new Ford Mondeo and redesigned 
    Ford C -MAX at the Geneva Motor Show. 
  • Record Premier Automotive Group profits.  Ford Europe pre-tax profits of 
    $219 million, an increase of $154 million compared with a year ago. 
  • Cost savings of $500 million, $400 million of which was associated with 
    North America - bringing total cumulative cost savings to $1.9 billion 
    toward the 2008 target of reducing annual operating costs by $5 billion 
    compared with 2005. 
  • Reduction of 18,000 personnel positions in North America. 
  • Sale of one Automotive Components Holdings (ACH) business during the quarter
    and agreement in principle reached to sell two other ACH businesses - 
    bringing to four the total number of ACH businesses currently subject to 
    agreements in principle for sale.  
  • Agreement to sell Automobile Protection Corporation (APCO) - finalized in
    April.  
  • Agreement to sell Aston Martin. 
  • Continued improvement in quality. 


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


AUTOMOTIVE SECTOR 

On a pre-tax basis, worldwide Automotive sector losses in the first quarter were
$225 million. This compares with a pre-tax loss of $203 million during the same
period a year ago. The 2007 losses were more than explained by net interest
expense, partially offset by automotive operating profits of $116 million during
the quarter.

Worldwide Automotive revenue for the first quarter was $38.6 billion, up from
$37 billion in the same period last year.  The increase primarily reflected mix
improvement and favorable currency exchange, partially offset by lower volume. 
Vehicle wholesales in the first quarter were 1,650,000, down from 1,756,000 a
year ago.

Automotive gross cash, which includes cash and cash equivalents, net marketable
securities, loaned securities and short-term VEBA assets, was $35.2 billion at
March 31, 2007, up from $33.9 billion at the end of the fourth quarter. 

Ford North America:  In the first quarter, Ford's North America Automotive
operations reported a pre-tax loss of $614 million, compared with a pre-tax loss
of $442 million a year ago. The increase in losses primarily reflected
unfavorable volume and mix, partially offset by cost reductions.  Revenue was
$18.2 billion, down from $19.8 billion for the same period a year ago.

Ford South America:  Ford's South America Automotive operations reported a
first-quarter pre-tax profit of $113 million, compared with a pre-tax profit of
$137 million a year ago.  The decline primarily reflected the non-recurrence of
hedging gains.  First quarter revenue improved to $1.3 billion from $1.2 billion
in 2006.

Ford Europe:  Ford Europe's first-quarter pre-tax profit was $219 million
compared with a pre-tax profit of $65 million during the same period in 2006. 
The improvement was more than explained by favorable volume and mix, partially
offset by higher incentive spending. During the first quarter of 2007, Ford
Europe's revenue was $8.6 billion, compared with $6.8 billion during the first
quarter of 2006.


Premier Automotive Group (PAG):  PAG reported a record pre-tax profit of $402
million for the first quarter, compared with a pre-tax profit of $152 million
for the same period in 2006.  The improvement is more than explained by
favorable volume and mix, favorable net pricing and lower costs, partially
offset by adverse currency exchange.  First-quarter 2007 revenue was $8.4
billion, compared with $7.1 billion a year ago. 

Ford Asia Pacific and Africa:  For the first quarter, Ford Asia Pacific and
Africa reported a pre-tax loss of $26 million, compared with a pre-tax profit of
$2 million a year ago.  Adverse currency exchange and unfavorable volume and mix
were partially offset by favorable cost performance. Revenue was $1.8 billion
for the first quarter of 2007, compared with $1.7 billion in 2006.

Mazda: For the first quarter, Ford earned $22 million from its investment in
Mazda and associated operations, compared with $45 million during the same
period a year ago.  The decline is largely explained by the non-recurrence of
gains on an investment in Mazda convertible bonds.

Other Automotive: First-quarter results included a pre-tax loss of $341 million,
compared with a loss of $162 million a year ago.  The year-over-year decline is
largely explained by higher interest expense and related costs associated with
the debt increase in the fourth quarter of 2006.  This was partially offset by
increased interest income on a larger cash portfolio. 


FINANCIAL SERVICES SECTOR

For the first quarter, Financial Services sector earned a pre-tax profit of $294
million, compared with a pre-tax profit of $375 million a year ago.  

Ford Motor Credit Company:  Ford Motor Credit reported net income of $193
million in the first quarter of 2007, down $55 million from earnings of $248
million a year earlier.  On a pre-tax basis from continuing operations, Ford
Motor Credit earned $294 million in the first quarter, compared with $382
million in the previous year.  The decrease in earnings was more than explained
by higher borrowing costs and higher depreciation expense for leased vehicles. 
The non-recurrence of losses related to market valuation adjustments from non-
designated derivatives was a partial offset. 


FIRST-QUARTER CONFERENCE CALL DETAILS

Ford Motor Company will release preliminary first quarter 2007 financial results
at 7 a.m. EDT on Thursday, April 26. The following briefings will be held after
the announcement:

At 9 a.m. EDT, 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 the
preliminary first quarter results.  

Following the earnings call, at 11 a.m. EDT, Ford Senior Vice President and
Controller Peter Daniel, Ford Vice President and Treasurer Neil Schloss, and
Ford Motor Credit Company Vice Chairman and CFO K.R. Kent will host a conference
call for the investment community.

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, April 26
Toll Free: 800-706-7741                       
International: 617-614-3471

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

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



Replays - Available through Thursday, May 3
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 260,000 employees and about 100 plants worldwide, the
company's core and affiliated automotive brands include Ford, Jaguar, Land
Rover, Lincoln, Mercury, Volvo, Aston Martin and Mazda. The company provides
financial services through Ford Motor Credit Company.  

                             
                                - # # # -


                         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; 

  • A market shift (or an increase in or acceleration of market shift) away from
    sales of trucks or sport utility vehicles, or from sales of other more
    profitable vehicles 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 healthcare and life insurance 
    liabilities impairing our liquidity or financial condition; 

  • 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., CO 2), fuel economy or other (e.g., 
    pension funding) 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 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); 

  • 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 or otherwise;  

  • 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; 

  • 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
Annual Report on Form 10-K for the year ended December 31, 2006.



    TOTAL COMPANY 2007 FIRST QUARTER INCOME/(LOSS) FROM 
    CONTINUING OPERATIONS COMPARED WITH NET INCOME/(LOSS)

                                                                    Amount
                                                                   --------
    Revenue (Bils.)                                                $  43.0

    Income (Mils.)
    Pre-Tax Income/(Loss) from Continuing Operations
    (Excluding Special Items)                                      $    69
    Special Items*                                                    (113)
                                                                   --------
    Pre-Tax Income/(Loss) from Continuing Operations               $   (44)

    Minority Interest in Net (Income)/Loss of Subsidiaries             (58)
    (Provision for)/Benefit from Income Taxes                      $  (182)
                                                                   --------
    Income/(Loss) from Continuing Operations                          (284)
    Income/(Loss) from Discontinued Operations                           2
                                                                   --------
    Net Income/(Loss)                                              $  (282)
                                                                   ========
    Memo:
    Income/(Loss) from Continuing Operations                       $  (284)
    Exclude Special Items                                              113
                                                                   --------
    Income/(Loss) from Continuing Operations
    (Excluding Special Items)                                      $  (171)
                                                                   ========

    * Special items detailed in following table.



    TOTAL COMPANY 2007 FIRST QUARTER SPECIAL ITEMS

                                                                    Amount
                                                                   --------
                                                                    (Mils.)

    Ford North America Separation Programs                         $  (874)
    OPEB Curtailment                                                   960
    Pension Curtailment                                               (175)
                                                                   --------
           Subtotal Ford North America                             $   (89)
    Ford Europe Personnel Reduction Programs                           (11)
    PAG Personnel Reduction Programs/Other                             (11)
    Ford Asia Pacific and Africa Personnel Reduction Programs           (2)
                                                                   --------
           Total Pre-Tax Special Items                             $  (113)
                                                                   ========

    Memo: Impact on Earnings Per Share*                            $ (0.06)


    * Earnings per share from continuing operations is calculated on a basis
      that includes pre-tax profit, provision for taxes, and minority
      interest; additional information regarding the method of calculating
      earnings per share is available in the materials supporting the April
      26, 2007, conference calls at www.shareholder.ford.com.


    AUTOMOTIVE GROSS CASH RECONCILIATION TO GAAP

                                                               March 31, 2007
                                       Dec. 31,    March 31,       B/(W)
                                        2006         2007      Dec. 31, 2006
                                       (Bils.)     (Bils.)        (Bils.)
                                      ---------   ----------   -------------
    Cash and Cash Equivalents         $   16.0    $   15.7      $     (0.3)
    Marketable Securities                 11.3        16.8             5.5
    Loaned Securities                      5.3         0.7            (4.6)
                                      ---------   ----------   -------------
      Total Cash/Market.              $   32.6    $   33.2      $      0.6
       and Loaned Securities
    Securities-In-Transit*                (0.5)       (0.2)            0.3
    Short-Term VEBA Assets                 1.8         2.2             0.4
                                      ---------   ----------   -------------
           Gross Cash                 $   33.9    $   35.2      $      1.3
                                      =========   ==========   =============


    * The purchase or sale of marketable securities for which the cash
      settlement did not occur by period-end.




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