Final Results

Ford Motor Co
25 January 2007

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FORD MOTOR COMPANY REPORTS 2006 FOURTH-QUARTER AND FULL-YEAR RESULTS* 
 
   
•   Full-year net loss of $12.7 billion, or $6.79 per share. Fourth-quarter net 
    loss of $5.8 billion, or $3.05 per share. 

•   Full-year after-tax loss from continuing operations of $2.8 billion, or 
    $1.50 per share, excluding special items. Fourth-quarter after-tax loss from 
    continuing operations of $2.1 billion, or $1.10 per share, excluding special 
    items.** 

•   Europe and South America were profitable for the full year, both improving 
    on a year-over-year basis. North America, Premier Automotive Group and Asia 
    Pacific and Africa reported full-year losses. 

•   Financial Services, including Ford Motor Credit, earned a pre-tax full-year 
    profit of more than $1.9 billion. 

•   Automotive liquidity of $46 billion at year-end 2006 including credit 
    facilities. 

DEARBORN, Mich., Jan. 25, 2007  Ford Motor Company (NYSE: F) today reported a
2006 full-year net loss of $12.7 billion, or $6.79 per share. In 2005, the
company reported net income of $1.4 billion, or 77 cents per share. 

Excluding special items, Ford's 2006 full-year after-tax loss from continuing
operations totaled $2.8 billion, or $1.50 per share. This compares to year-ago
earnings from continuing operations of $1.9 billion, or $1.00 per share,
excluding special items.** 

Special items, which primarily reflected costs associated with restructuring
efforts and fixed asset impairments, reduced full-year results on an after-tax
basis by a total of $9.9 billion or $5.29 per share. The total pre-tax effect of
full-year special items was $11.9 billion. 

Full-year sales and revenue for 2006 was $160.1 billion, compared to $176.9
billion a year ago. 

*  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, 2006 (Form 10-K Report).

** See table following 'Safe Harbor/Risk Factors' for the nature and amount of 
   these special items and a reconciliation to U.S. GAAP. 

FULL-YEAR HIGHLIGHTS 

Ford Motor Company highlights in 2006 included: 

•  Alan Mulally joining Ford as president and CEO in September. 

•  An 'accelerated' Way Forward plan to return North America to profitability no 
   later than 2009 that calls for idling and ceasing operations at 16 
   manufacturing facilities through 2012, including seven vehicle assembly 
   plants. The plan also calls for achieving a cumulative $5 billion in reduced 
   operating costs by 2008, compared to 2005, and for 70 percent of Ford, 
   Lincoln, and Mercury products by volume to be new or significantly upgraded 
   by 2008. 

•  The idling of St. Louis Assembly in March and Atlanta Assembly in October, 
   consistent with the North America restructuring plan. 

•  An agreement with the UAW to extend a variety of voluntary buyout offers to 
   all U.S. Ford and Automotive Component Holdings, LLC (ACH) hourly employees. 
   Through Dec. 31, 2006, more than 38,000 hourly employees had accepted offers. 
   Many of the offers include an employee's opportunity to rescind acceptance up 
   until the time of separation from the company. In addition, the company 
   realized cost savings from the implementation of its health care agreement 
   with the UAW. 

•  Efforts to reduce North America salaried-related costs by a third, which will 
   reduce the salaried work force by the equivalent of 14,000 positions. In 
   addition, we implemented cost-saving revisions to salaried benefit plans.
 
•  Agreement in principle to sell three facilities now operated by ACH. Ford 
   intends to sell or close all ACH facilities by the end of 2008. 

•  Plans to sell Automobile Protection Corporation (APCO), a subsidiary that 
   offers vehicle service contracts to dealers of all makes and models, and all 
   or part of Aston Martin. 

•  Launching new products that received strong initial feedback, including the 
   Ford Edge and Lincoln MKX, Ford Expedition and Lincoln Navigator in North 
   America, the Ford S-MAX, Ford Galaxy and Ford Transit in Europe, the Jaguar 
   XK, Land Rover LR2, Volvo S80 and C30 and Mazda CX9. 

•  Ford S-MAX being named European Car of the Year 2007 and Ford Transit 
   receiving International Van of the Year 2007. Ford also won the 2006 FIA 
   World Rally Championship Manufacturers' Trophy. 

•  Record sales in China and India. 

•  A corporate realignment in December that streamlined the organization and 
   formed a Global Product Development team, to better integrate and leverage 
   global resources across the automotive business units. 

•  Obtaining $23.5 billion of new liquidity in December, including a convertible 
   debt offering of about $5 billion, a secured term loan of $7 billion and a 
   secured revolving credit facility of $11.5 billion. This resulted in total 
   automotive liquidity of $46 billion at year-end 2006. 

'We began aggressive actions in 2006 to restructure our automotive business so
we can operate profitably at lower volumes and with a product mix that better
reflects consumer demand for smaller, more fuel efficient vehicles,' said Alan
Mulally, Ford's president and chief executive officer. 'We fully recognize our
business reality and are dealing with it. We have a plan and we are on track to
deliver.' 

FOURTH QUARTER 

In the fourth quarter, the company reported a net loss of $5.8 billion, or $3.05
per share. This compares to a fourth-quarter net loss of $74 million, or 4 cents
per share, in 2005. Excluding special items, the fourth-quarter after-tax loss
from continuing operations totaled $2.1 billion, or $1.10 per share, compared to
a profit of $285 million, or 15 cents per share, a year ago.* 

Special items in the quarter included the costs associated with North America
restructuring efforts. On an after-tax basis, special items reduced fourth-
quarter earnings by a total of $3.7 billion or $1.95 per share. The total pre-
tax effect of fourth-quarter special items was $3.8 billion. (See appendix at
the end of this press release for a detailed explanation of special items and
other charges during the period.) 

Total sales and revenue in the fourth quarter were $40.3 billion, compared to
$46.3 billion in the year-ago period. 

The following discussion of the preliminary pre-tax results of our Automotive
sector and Financial Services sector, by segment or business unit, 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 a reconciliation to U.S. GAAP. 

AUTOMOTIVE SECTOR 

For the full year, Ford's worldwide Automotive sector reported a pre-tax loss of
$5.2 billion, compared to a pre-tax loss of $993 million a year ago. The decline
primarily reflected unfavorable volume and mix, unfavorable net pricing and
currency exchange, partially offset by favorable cost performance and higher
interest income. 

For the fourth quarter, Ford's worldwide Automotive sector reported a pre-tax
loss of $2.5 billion, compared to a pre-tax loss of $109 million a year earlier.
The decline primarily reflected adverse volume and mix and higher incentives in
North America. 

Worldwide Automotive revenue for 2006 was $143.3 billion, compared to $153.5
billion a year ago. Total fourth-quarter Automotive revenue was $36 billion, a
decrease from $40.7 billion a year ago. 

*  See table following 'Safe Harbor/Risk Factors' for the nature and amount of 
   these special items and a reconciliation to U.S. GAAP. 

Total company vehicle wholesales in 2006 were 6,597,000, a decrease from
6,767,000 in 2005. Fourth-quarter vehicle wholesales totaled 1,568,000, compared
to 1,737,000 units a year ago. 

Automotive cash at Dec. 31, 2006, totaled $33.9 billion of cash, net marketable
securities, loaned securities and short-term Voluntary Employee Benefits
Association (VEBA) assets. 

North America : For 2006, Ford's North America Automotive operations reported a
pre-tax loss of $6.1 billion, compared to a loss of $1.5 billion in 2005. The
increased losses primarily reflected unfavorable net pricing, largely reflecting
higher incentive spending, unfavorable mix, lower market share and a reduction
of dealer stocks, partially offset by cost reductions. For the year, North
America's sales totaled $69.4 billion, compared to $80.6 billion a year ago. 

For the fourth quarter, North America Automotive operations reported a pre-tax
loss of more than $2.8 billion, compared to a pre-tax loss of $217 million in
2005. The increased losses primarily reflected unfavorable net pricing, largely
reflecting higher incentive spending, a reduction in dealer stocks, unfavorable
mix, and lower market share, partially offset by cost reductions. Fourth-quarter
sales were $15.1 billion, compared to $21.4 billion in 2005. 

South America : Ford's South America Automotive operations reported a full-year
pre-tax profit of $551 million, a $152 million increase from 2005. The
improvement primarily reflected higher volumes, partially offset by unfavorable
currency exchange. Full-year sales improved to $5.7 billion from $4.4 billion in
2005. 

In the fourth quarter, Ford's South America Automotive operations posted a pre-
tax profit of $114 million, compared to a pre-tax profit of $131 million in
2005. The change was more than explained by unfavorable currency exchange.
Fourth-quarter sales were $1.7 billion, an improvement from $1.3 billion a year
ago. 

Ford Europe: Ford Europe posted a full-year pre-tax profit of $469 million, an
improvement of $396 million from a year ago. Sales for the year totaled $30.4
billion, compared to $29.9 billion in 2005. 

For the fourth quarter, Ford Europe reported a pre-tax profit of $232 million,
an improvement from $24 million a year ago. This improvement primarily reflected
higher volume. Fourth-quarter sales totaled $8.8 billion, an increase of $900
million compared to a year ago. 

Premier Automotive Group (PAG): For 2006, PAG reported a full-year pre-tax loss
of $327 million, compared to a pre-tax loss of $89 million a year ago. The
decline is more than explained by prior model warranty accrual adjustments at
Jaguar and Land Rover and unfavorable currency exchange rates, partially offset
by other cost reductions and favorable mix and pricing. Full-year sales for the
group totaled $30 billion, compared to $30.3 billion in 2005. 

In the fourth quarter, PAG reported a pre-tax profit of $191 million, an
improvement of $129 million compared to the year-ago period. This improvement
primarily reflected favorable volume and mix at Volvo due to the introduction of
new products, and favorable pricing at Jaguar and Land Rover, partially offset
by the effect of a weaker U.S. dollar against key European currencies. Fourth-
quarter sales totaled $8.6 billion, compared to $8 billion a year ago. 

Asia Pacific and Africa: For full-year 2006, Asia Pacific and Africa reported a
pre-tax loss of $185 million, compared to a pre-tax profit of $61 million a year
ago. The results primarily reflected adverse volume and mix and exchange rates,
partially offset by cost reductions. Full-year sales totaled $6.5 billion, a
decline from $7.7 billion in 2005. 

For the fourth quarter, Asia Pacific and Africa reported a pre-tax loss of $135
million, compared to a pre-tax loss of $39 million in the year-ago period. The
increased losses primarily reflected adverse volume and mix and exchange rates,
partially offset by cost reductions. Fourth-quarter sales totaled $1.4 billion,
compared to $1.8 billion in 2005. 

Mazda: For full-year 2006, Ford's share of the pre-tax profit of Mazda and
associated operations was $168 million, compared to $255 million a year ago. The
decline was more than explained by the non-recurrence of gains on Mazda
convertible bonds in 2005. 

For the fourth quarter, Ford's share of the pre-tax profit of Mazda and
associated operations was $51 million, compared to $32 million a year ago, which
primarily reflected favorable operating performance. 

Other Automotive: Full-year 2006 results included a pre-tax profit of $247
million, compared to a loss of $207 million a year ago, reflecting primarily
higher interest income. Fourth-quarter results included a pre-tax loss of $59
million, an improvement of $43 million that primarily reflected higher interest
income. 

FINANCIAL SERVICES SECTOR 

For the full year, the Financial Services sector earned a pre-tax profit of more
than $1.9 billion, compared to $3.5 billion the prior year. For the fourth
quarter, the Financial Services sector earned a pre-tax profit of $416 million,
compared to $626 million the prior year. 

Ford Motor Credit Company: Ford Motor Credit Company reported net income of $1.3
billion in 2006, down $621 million from earnings of $1.9 billion a year earlier.
On a pre-tax basis from continuing operations, Ford Motor Credit earned more
than $1.9 billion in 2006, down $970 million from 2005. The decrease in full-
year earnings primarily reflected higher borrowing costs, higher depreciation
expense and the impact of lower average receivable levels. These were partially
offset by market valuations primarily related to non-designated derivatives and
reduced operating costs. 

In the fourth quarter of 2006, Ford Motor Credit's net income was $279 million,
down $26 million from a year earlier. On a pre-tax basis, Ford Motor Credit
earned $406 million in the fourth quarter, compared to $482 million in the
previous year. The decrease primarily reflected higher borrowing costs and
higher depreciation expense, partially offset by market valuations primarily
related to non-designated derivatives. 

CASH AND LIQUIDITY 

The company ended the year with total Automotive cash, net marketable
securities, loaned securities and short-term Voluntary Employee Beneficiary
Association (VEBA) assets at Dec. 31, 2006 of $33.9 billion, an increase from
$23.6 billion at the end of the previous quarter. Total Automotive liquidity at
Dec. 31, 2006 was $46 billion including credit facilities. The company's
Automotive operating-related cash flow was $1.8 billion negative for the fourth
quarter. 



'We're pleased the financial markets expressed confidence in our turnaround plan
by providing us with the additional liquidity we will need to fund our
operations as we restructure to deliver sustainable profitability,' said
Mulally. 'We will deploy this capital wisely to ensure we earn returns for our
shareholders and deliver products our customers prefer.' 

2007 OUTLOOK 

The company shared its financial outlook for 2007 and, consistent with previous
guidance, expects market share and most earnings comparisons to remain
challenging for the next two to three quarters. 

More specifically: 

•  U.S. market share is expected to be down through the third quarter of 2007, 
   primarily due to lower fleet sales. 

•  Production is expected to be down through the first half of 2007, but is 
   expected to increase on a year-over-year basis in the second half of the 
   year. 

•  Year-over-year third quarter comparisons will be impacted by the 
   non-recurrence of tax-related interest income in 2006. 

•  Essentially no tax offsets to losses will be recognized  negatively impacting 
   the first nine months of comparisons. 

•  The company's structural cost reductions will continue to grow during the 
   year as personnel are separated, plants are idled and capacity is reduced. 

•  As previously stated, from 2007 through 2009 cumulative Automotive 
   operating-related cash outflows will be about $10 billion, and cumulative 
   restructuring expenditures will be about $7 billion. The company expects more 
   than half of this $17 billion outflow will occur in 2007. These outflows also 
   reflect plans to invest in new products at levels comparable to previous 
   years, or about $7 billion annually. 

•  Special charges in 2007 are expected to be significantly lower than in 2006. 

'While challenges lie ahead for us in 2007, we're focused on making continuous
improvements to our plan, so we can capitalize on opportunities to create and
sell more products and save more costs,' Mulally said. 'Our priorities, combined
with our sense of urgency, will continue to transform Ford Motor Company.' 

Also shared were planning assumptions regarding the industry, operating metrics
and profit outlook by business unit. 

2007 Planning Assumptions 

Industry Volumes 

-U.S (Mils.)                       16.8 
 
-Europe (Mils.)                    17.6 
 
U.S. Industry Net Pricing          Lower 
 

2007 Operational Metrics 

Quality                            Improved 
 
Market Share 
 
-U.S.                              Lower 
 
-Other Regions                     Higher 
 

Automotive Costs*                  Lower 
 
Cash Flow                          Negative 
 
Capital Spending                   About $7 billion 
 

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

Pre-tax Profits by Major Operation 

                                         2007 Plan            Comparison to 2006 
 
North America                              Loss 
South America                              Profit 
  
Europe                                     Profit 
P.A.G.                                     Profit 
  
Asia Pacific and Africa                    Loss 
Mazda and Associated Operations            Profit 
  
Subtotal Automotive Operations             Loss                   Improved 
 
Other Automotive (Primarily Interest)      Loss                   Worse 
 
Total Automotive                           Loss                   Worse 
 
Financial Services                         Profit                 Worse  
 
Pre-Tax Results Excl. Special Items        Loss                   Worse 
 
Taxes                                      -Zero                  Worse 
 
After-Tax Results Excl. Special Items      Loss                   Worse 
 
Special Items                              Loss                   Improved 
 
Net Results                                Loss                   Improved 
 

CONFERENCE CALL DETAILS 

Ford Motor Company (NYSE:F) will release fourth quarter and full year 2006
financial results at 7 a.m. EST on Thursday, Jan. 25. 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 analysts to discuss fourth quarter and full
year financial results. 

Following the earnings call, at 11 a.m. EST, Ford Senior Vice President and
Controller Peter Daniel, Ford Vice President and Treasurer Ann Marie Petach, and
Ford Motor Credit Company Vice Chairman and CFO 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. 25 

Toll Free: 800-706-7741

International: 617-614-3471

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 through Thursday, Feb. 1 

www.shareholder.ford.com

Toll Free: 888-286-8010 

International: 617-801-6888 

Passcodes: 

Earnings: 29481628 

Fixed Income: 55865600

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 (e.g., 
   an escalation or expansion of armed conflict in or beyond the Middle East) 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; 

•  Work stoppages at Ford or supplier facilities or other interruptions of 
   supplies; 

•  Single-source supply of components or materials; 

•  Labor or other constraints on our ability to restructure our business; 

•  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, 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'); 

•  Inability to access debt or securitization markets around the world at 
   competitive rates or in sufficient amounts due to additional credit rating 
   downgrades, unfavorable capital market conditions, insufficient collateral, 
   greater-than-expected negative operating-related cash flow 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; 

•  New or increased credit, consumer or data protection or other regulations
   resulting in higher costs and/or additional financing restrictions; and 

•  Inability to implement the Way Forward plan. 

We cannot be certain that any expectation, forecast or assumption made by
management in preparing these 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. 


TOTAL COMPANY 2006 INCOME FROM CONTINUING OPERATIONS COMPARED WITH NET INCOME  PRELIMINARY* 

                                                                          2006 
 
                                               Fourth Quarter                              Full Year 
 
                            Pre-Tax Profit  After-Tax Profit    Earnings   Pre-Tax Profit   After-Tax Profit  Earnings
                                                             Per Share**                                     Per Share  
                                   (Mils.)           (Mils.)                      (Mils.)            (Mils.)

Income/(Loss) from 
Continuing Operations 
Excluding Special Items          $ (2,050)          $(2,081)    $ (1.10)        $ (3,258)          $ (2,812)  $ (1.50) 

Special Items 
 
•  Jobs Bank/North 
   America Employee 
   Separation Programs           $ (1,913)                                      $ (4,760) 

•  Pension Curtailment 
   Charges                         (1,401)                                        (2,741) 

•  Personnel Reduction 
   Actions Outside 
   North America                     (421)                                          (555) 

•  Facility-Related U.S. 
   Plant Idling Costs                    0                                          (281) 

•  Fixed Asset 
   Impairment 
   
   - North America                       0                                        (2,200) 
 
   - Jaguar/Land Rover                   0                                        (1,600) 
 
•  Other Gains/(Loss)                 (34)                                            213 
 
Total Special Items              $ (3,769)          $(3,677)    $ (1.95)       $ (11,924)         $ (9,936)  $ (5.29) 

Income/(Loss) from 
Continuing Operations            $ (5,819)          $(5,758)    $ (3.05)       $ (15,182)         $ (12,748) $ (6.79) 

Memo: 

Deferred Tax Asset Valuation Allowance 
Included Above in Income/(Loss) from 
Continuing Operations                               $(2,156)                                       $ (4,222) 
 
*  For more detailed information on the effect of the deferred tax asset 
   valuation allowance, see materials supporting the Jan. 25, 2007, conference 
   calls at www.shareholder.ford.com.

** 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 Jan. 25, 2007, conference calls 
   at www.shareholder.ford.com.

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

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