Ford Posts Highest Fourth Quarter Pre-Tax Profit in More Than a Decade; Full Year Pre-Tax Profit of $8 Billion and Net Income of

 Ford Posts Highest Fourth Quarter Pre-Tax Profit in More Than a Decade; Full
      Year Pre-Tax Profit of $8 Billion and Net Income of $5.7 Billion+

PR Newswire

DEARBORN, Mich., Jan. 29, 2013

DEARBORN, Mich., Jan. 29, 2013 /PRNewswire/ --

  oStrong full year pre-tax profit was $8 billion, or $1.41 per share, a
    decrease of $797 million from a year ago

  oFull year net income was $5.7 billion, or $1.42 per share; excluding
    impact of 2011 changes in valuation allowance against deferred tax assets,
    full year 2012 net income was $307 million lower than 2011

  oPositive Automotive operating-related cash flow was $3.4 billion for the
    full year and $1 billion for the fourth quarter — the 11^th consecutive
    quarter of positive performance. Ford ended 2012 with Automotive gross
    cash of $24.3 billion, exceeding debt by $10 billion, and a strong
    liquidity position of $34.5 billion, an increase of $2.1billion over 2011

  oFord had its highest fourth quarter pre-tax profit in more than a decade —
    when trucks and SUVs were a more significant portion of the U.S. product
    mix — at $1.7 billion, or $0.31 per share, an increase of $577 million
    from fourth quarter 2011. Ford has now posted a pre-tax operating profit
    for 14 consecutive quarters

  oTotal company fourth quarter net income was $1.6 billion, or $0.40 per
    share; excluding impact of 2011 changes in valuation allowance against
    deferred tax assets, fourth quarter net income was $565 million higher
    than 2011

  oTotal Automotive full-year pre-tax profit of $6.3 billion was driven by
    Ford North America results, which set fourth quarter and full year records
    for pre-tax profit and operating margin since Ford began reflecting the
    region as a separate business unit in 2000. For the full year, Ford North
    America's pre-tax profit was $8.3 billion with an operating margin of
    10.4percent

  oFord Credit reported continued solid performance with a full year pre-tax
    profit of $1.7 billion

  oFor 2013 outlook, Ford expects another strong year, with Total Company
    operating profit to be about equal to 2012, Automotive operating margin to
    be about equal to or lower than 2012, and Automotive operating-related
    cash flow to be higher than 2012

Financial Results  Fourth Quarter                    Full Year
Summary +
                   2011       2012      B/(W) 2011   2011       2012      B/(W) 2011
Wholesales (000)   1,427      1,534     107          5,695      5,668     (27)
Revenue (Bils.)    $ 34.6     $ 36.5    $ 1.9        $ 136.3    $ 134.3   $ (2.0)
Operating Results
Pre-tax results    $ 1,104    $ 1,681   $ 577        $ 8,763    $ 7,966   $ (797)
(Mils.)++
After-tax results  797        1,241     444          6,119      5,596     (523)
(Mils.)+++
Earnings per       0.20       0.31      0.11         1.51       1.41      (0.10)
share+++
Special items      $ 349      $ 160     $ (189)      $ (82)     $ (246)   $ (164)
pre-tax (Mils.)
Net income
attributable to
Ford -- excl.
2011

changes in val.
allow. against
deferred tax
assets
After-tax results  $ 1,033    $ 1,598   $ 565        $ 5,972    $ 5,665   $ (307)
(Mils.)
Net income
attributable to
Ford
After-tax results  $ 13,615   $ 1,598   $ (12,017)   $ 20,213   $ 5,665   $ (14,548)
(Mils.)
Earnings per       3.40       0.40      (3.00)       4.94       1.42      (3.52)
share
Automotive
Operating-related  $ 0.7      $ 1.0     $ 0.3        $ 5.6      $ 3.4     $ (2.2)
cash flow (Bils.)
Gross cash         $ 22.9     $ 24.3    $ 1.4        $ 22.9     $ 24.3    $ 1.4
(Bils.)
Debt (Bils.)       (13.1)     (14.3)    (1.2)        (13.1)     (14.3)    (1.2)
 Net cash         $ 9.8      $ 10.0    $ 0.2        $ 9.8      $ 10.0    $ 0.2
(Bils.)

See end notes on page 7.

Ford Motor Company [NYSE: F] today reported 2012 full year pre-tax profit of
$8 billion on the strength of record results from North America and continued
solid performance from Ford Credit.

Full year pre-tax profit of $8 billion, or $1.41 per share, and net income of
$5.7 billion, or $1.42 per share, were each lower than a year ago. Excluding
the impact of 2011 changes in the valuation allowance against deferred tax
assets, Ford fourth quarter net income was $565million higher than 2011,
while full year was $307 million lower than a year ago.

Fourth quarter pre-tax profit was $1.7 billion, or $0.31 per share, an
increase of $577 million from 2011. Ford now has posted a pre-tax profit for
14 consecutive quarters. Fourth quarter net income was $1.6 billion, or $0.40
per share.

Ford generated positive Automotive operating-related cash flow of $1 billion
in the fourth quarter - the 11^th consecutive quarter of positive performance
- and positive Automotive operating-related cash flow of $3.4 billion for the
full year. Ford ended 2012 with Automotive gross cash of $24.3 billion,
exceeding debt by $10 billion, and a strong liquidity position of $34.5
billion, an increase of $2.1 billion over 2011.

"The Ford team delivered strong results once again, underscoring that our One
Ford plan is working," said Alan Mulally, Ford president and CEO. "We are well
positioned for another strong year in 2013, as we continue our plan to serve
customers in all markets around the world with a full family of vehicles —
small, medium and large; cars, utilities and trucks — with the very best
quality, fuel efficiency, safety, smart design and value."

As a result of Ford's 2012 financial performance, the company will make profit
sharing payments to approximately 45,800 eligible U.S. hourly employees on
March 14, 2013. As part of the UAW-Ford collective bargaining agreement, Ford
North America pre-tax profits of $8.3 billion will generate approximately
$8,300 per eligible employee on a full year basis. Individual profit sharing
payments may be higher or lower based on employee compensated hours.

As part of Ford's previously announced strategy to de-risk its pension
obligations, the company made $3.4 billion in cash contributions in 2012 to
its worldwide funded plans, $2.3 billion higher than 2011. This included $2
billion of discretionary contributions. In 2012, Ford settled $1.2 billion of
its pension obligations as part of the voluntary lump sum payout program for
salaried retirees, which began in the second half of 2012 and will continue
through 2013. For 2013, cash contributions to funded plans are expected to be
about $5 billion globally, including discretionary contributions of about $3.4
billion.

AUTOMOTIVE SECTOR

               Fourth Quarter                 Full Year
               2011      2012       B/(W)     2011       2012       B/(W) 2011
                                    2011
Wholesales     1,427     1,534      107       5,695      5,668      (27)
(000)
Revenue        $ 32.6    $ 34.5     $  1.9    $ 128.2    $ 126.6    $  (1.6)
(Bils.)
Pre-tax
results        $ 586     $ 1,262    $  676    $ 6,332    $ 6,256    $  (76)
(Mils.)
Operating      2.2    %  3.8     %  1.6 pts.  5.4     %  5.3     %  (0.1) pts.
Margin (Pct.)

The increase in total Automotive pre-tax profit and operating margin in the
fourth quarter is more than explained by the record quarter in North America.
South America and Asia Pacific Africa were also improved.

For the full year, Total Automotive pre-tax profit was about equal to a year
ago, reflecting primarily higher net pricing and the non-repeat of 2011 UAW
ratification bonuses, offset by higher costs, mainly structural, and
unfavorable volume.

Ford North America

               Fourth Quarter                 Full Year
               2011      2012       B/(W)     2011       2012       B/(W) 2011
                                    2011
Wholesales     693       755        62        2,686      2,784      98
(000)
Revenue        $ 19.6    $ 22.1     $  2.5    $ 75.0     $ 79.9     $  4.9
(Bils.)
Pre-tax
results        $ 889     $ 1,872    $  983    $ 6,191    $ 8,343    $  2,152
(Mils.)
Operating      4.5    %  8.4     %  3.9 pts.  8.3     %  10.4    %  2.1 pts.
Margin (Pct.)

The increase of $1 billion in pre-tax profit for the fourth quarter compared
with a year ago and the substantial increase in operating margin primarily
reflected favorable market factors and the non-repeat of ratification
bonuses.

For the full year, North America pre-tax profit and operating margin were both
records. Volume and revenue were also higher.

For 2013, Ford expects the strong North America performance to continue with
pre-tax profits expected to be higher than 2012, with an operating margin of
about 10 percent. This reflects a growing industry, a strong Ford brand, an
outstanding product line-up driven by industry-leading refresh rates,
continued discipline in matching production with demand, and a lean cost
structure.

Ford South America

                  Fourth Quarter                Full Year
                  2011     2012     B/(W) 2011  2011      2012      B/(W) 2011
Wholesales (000)  124      144      20          506       498       (8)
Revenue (Bils.)   $ 2.8    $ 3.1    $   0.3     $ 11.0    $ 10.1    $  (0.9)
Pre-tax results   $ 108    $ 145    $   37      $ 861     $ 213     $  (648)
(Mils.)
Operating Margin  3.9   %  4.8   %  0.9 pts.    7.8    %  2.1    %  (5.7) pts.
(Pct.)

Pre-tax profit and operating margin in the fourth quarter were both higher
than a year ago, more than explained by favorable market factors driven by
several new products recently launched; higher costs and unfavorable exchange
in Brazil were partial offsets.

For the full year, South America pre-tax profit was $213 million,
substantially lower than a year ago.

For 2013, Ford expects its South America results to be about breakeven.
Although results will benefit from new products recently launched or to be
launched during the year, the competitive environment and currency risks
across the region, especially in Venezuela, are expected to impact company
profits adversely. In addition, government actions to incentivize local
production and balance trade are driving trade frictions between South
American countries and also with Mexico, resulting in business environment
instability and new trade barriers.

Ford Europe

             Fourth Quarter                  Full Year
             2011       2012       B/(W)     2011      2012         B/(W) 2011
                                   2011
Wholesales   391        327        (64)      1,602     1,353        (249)
(000)
Revenue      $ 8.3      $ 6.5      $ (1.8)   $ 33.8    $ 26.6       $ (7.2)
(Bils.)
Pre-tax
results      $ (190)    $ (732)    $ (542)   $ (27)    $ (1,753)    $ (1,726)
(Mils.)
Operating                          (9.1)
Margin       (2.3)   %  (11.4)  %  pts.      (0.1)  %  (6.6)     %  (6.5) pts.
(Pct.)

The decline in Ford Europe's fourth quarter pre-tax results was more than
explained by unfavorable volume and mix. The industry for the 19 markets Ford
tracks in Europe was 13.5million units, the lowest quarterly SAAR since 
1995.

For the full year, Ford Europe continued to be negatively impacted by the
challenging economic conditions in the region.

Ford's European results are consistent with prior guidance. The company's
announced European transformation is proceeding according to plan. In the
fourth quarter, the company started recognizing accelerated depreciation for
the plants it intends to close, subject to employee consultation. Ford also
recognized the cost of salaried separations, which are included in special
items.

Ford is on track to deliver its European transformation plan, focused on
product, brand, and cost. In 2013, compared with last year, Ford will benefit
from the non-repeat to the same degree of dealer stock reductions. However,
consistent with its guidance, Ford will incur higher costs associated with its
restructuring actions, mainly investment in new products — as outlined at its
Amsterdam product event, accelerated depreciation, and costs to implement its
revised manufacturing footprint. As Ford did in North America, these are
investments the company is making now to transform its European business for
profitable growth in the future.

Since providing guidance in October, Ford's outlook for industry volume has
deteriorated. Ford now expects industry volume to be in the lower end of the
range of 13 million to 14 million units. In addition, Ford is being adversely
impacted by higher pension costs due to lower discount rates, and a stronger
euro. As a result, Ford now expects full year 2013 results for Ford Europe to
be a loss of about $2 billion, compared to prior guidance of a loss about
equal to 2012. The business environment remains uncertain, and Ford will
continue to monitor the situation in Europe and take further action as
necessary.

Ford Asia Pacific Africa

                 Fourth Quarter                 Full Year
                 2011      2012     B/(W) 2011  2011      2012      B/(W) 2011
Wholesales       219       308      89          901       1,033     132
(000)
Revenue (Bils.)  $ 1.9     $ 2.8    $   0.9     $ 8.4     $ 10.0    $   1.6
Pre-tax results  $ (83)    $ 39     $   122     $ (92)    $ (77)    $   15
(Mils.)
Operating        (4.4)  %  1.4   %  5.8 pts.    (1.1)  %  (0.8)  %  0.3 pts.
Margin (Pct.)

The improvement in both fourth quarter pre-tax profits and operating margin
was more than explained by favorable market factors, offset partially by
higher costs associated with new products and investments to support higher
volumes and future growth. Ford China recorded a 41 percent increase in sales
in the fourth quarter and increased its market share from 2.8 percent to 3.4
percent, both quarterly records for the company in the region.

While Ford Asia Pacific Africa posted a full year loss, it sold more than 1
million vehicles for the first time, and recorded $10 billion in revenue, also
a record.

For 2013, Ford expects Asia Pacific Africa to be about breakeven. The company
also expects its volume and revenue growth in the region to accelerate,
supported by the launch of the all-new Kuga, Mondeo, EcoSport, and refreshed
Fiesta across the region, as well as the launch of Mondeo and Explorer in
China. This will be offset in large part by continued strong investment across
the region to support Ford's longer-range growth plans.

Other Automotive

The fourth quarter loss of $62 million in Other Automotive mainly reflected
net interest expense of $147 million, offset partially by a favorable fair
market value adjustment on the company's investment in Mazda.

For the full year, the loss in Other Automotive of $470 million was more than
explained by $489 million of net interest expense.

For 2013, Ford expects net interest expense to be higher than the fourth
quarter 2012 run rate, reflecting the increase in Automotive debt associated
with the company's recent issuance and lower interest income.

FINANCIAL SERVICES SECTOR

                    Fourth Quarter              Full Year
                    2011    2012    B/(W) 2011  2011      2012      B/(W) 2011
Revenue (Bils.)     $ 2.0   $ 2.0   $  —        $ 8.1     $ 7.7     $  (0.4)
Ford Credit
pre-tax results     $ 506   $ 414   $  (92)     $ 2,404   $ 1,697   $  (707)
(Mils.)
Other Financial
Services pre-tax    12      5       (7)         27        13        (14)
results (Mils.)
 Financial
Services pre-tax    $ 518   $ 419   $  (99)     $ 2,431   $ 1,710   $  (721)
results (Mils.)

Ford Motor Credit Company

In line with expectations, lower fourth quarter pre-tax results compared with
a year ago reflected mainly lower credit loss reserve reductions and lower
financing margin as higher-yielding assets originated in prior years run off.

The decline in full year pre-tax profit is more than explained by fewer lease
terminations, resulting in fewer vehicles sold at a gain, and lower financing
margin.

For 2013, Ford Credit projects full year pre-tax profit about equal to 2012;
managed receivables at year end in the range of $95 billion to $105 billion;
managed leverage to continue in the range of 8:1 to 9:1; and planned
distributions of about $200 million.

PRODUCTION VOLUMES*

                    2012 Actual                             2013
                    Fourth Quarter      Full Year           First Quarter
                                                            Forecast
                    Units   O/(U) 2011  Units   O/(U) 2011  Units   O/(U) 2012
                    (000)   (000)       (000)   (000)       (000)   (000)
North America       735     60          2,822   124         770     93
South America       116     16          417     (44)        115     18
Europe              340     (62)        1,446   (188)       405     (13)
Asia Pacific        302     111         1,023   162         275     62
Africa
 Total             1,493   125         5,708   54          1,565   160

*Includes production of Ford brand and JMC brand vehicles to be sold by
unconsolidated affiliates.

Fourth Quarter, Full Year 2012 and First Quarter 2013 Production Volumes

In the fourth quarter, total company production was about 1.5 million units,
125,000 units higher than a year ago. This is 13,000 units higher than Ford's
most recent guidance.

For the full year, Ford produced 5.7 million units, up 54,000 from a year ago.

The company expects first quarter production to be about 1.6 million units, up
160,000 units from a year ago, reflecting higher volume in all regions except
Europe. Compared with the fourth quarter, first quarter production is up
72,000 units.

OUTLOOK

Ford's planning assumptions and key metrics include the following:

                               2011 Full        2012 Full Year     2012 Full
                               Year                                Year
                               Results          Plan               Results
     Planning Assumptions
     Industry Volume* -- U.S.  13.0             13.5 - 14.5        14.8
     (Mils.)
     Industry Volume* --       15.3             14.0 - 15.0        14.0
     Europe (Mils.)**
     Operational Metrics
     Compared with Prior Year:
     - U.S. Market Share       16.5%            About Equal        15.2%
     - Europe Market Share**  8.3%             About Equal        7.9%
     - Quality                 Mixed            Improve            Mixed
     Financial Metrics
     Compared with Prior Year:
     - Automotive Pre-Tax
     Operating Profit          $6.3             Higher             $6.3
     (Bils.)***
     - Ford Motor Credit
     Pre-Tax Operating Profit  $2.4             Lower              $1.7
     (Bils.)
     - Total Company Pre-Tax
     Operating Profit          $8.8             About Equal        $8.0
     (Bils.)***
     - Automotive Structural
     Costs Increase            $1.4             Less than $2.0     $1.5
     (Bils.)****
     - Automotive Operating  5.4%             Improve            5.3%
     Margin***
     Absolute Amount:
     - Capital Spending        $4.3             $5.5 - $6.0        $5.5
     (Bils.)
*    Includes medium and heavy
     trucks
**   The 19 markets we track
     Excludes special items; Automotive operating margin is defined as
***  Automotive pre-tax results, excluding special items and Other Automotive,
     divided by Automotive revenue
**** Structural cost changes are measured primarily at present-year exchange,
     and exclude special items and discontinued operations



                                               2012           2013 Full Year
                                               Results        Plan
     Planning Assumptions
     Industry Volume* -- U.S. (Mils.)          14.8           15.0 - 16.0
      -- Europe     14.0           13.0 - 14.0
     (Mils.)**
      -- China      19.0           19.5 - 21.5
     (Mils.)
     Operational Metrics
     Compared with Prior Year:
     Market Share -- U.S.                      15.2%          Higher
      -- Europe**        7.9            About Equal
      -- China***        3.2            Higher
     Quality                                   Mixed          Improve
     Financial Metrics
     Compared with Prior Year:
     - Total Company Pre-Tax Profit          $8.0           About Equal
     (Bils.)****
     - Automotive Operating Margin****       5.3%           About Equal /
                                                              Lower
     - Automotive Operating-Related Cash     $3.4           Higher
     Flow (Bils.)
*    Includes medium and heavy trucks
**   The 19 markets we track
***  Includes Ford and JMC brand vehicles sold in China by unconsolidated
     affiliates
     Excludes special items; Automotive operating margin is defined as
**** Automotive pre-tax results, excluding special items and Other Automotive,
     divided by automotive revenue

Ford remains focused on delivering the key aspects of the One Ford plan, which
are unchanged:

  oAggressively restructuring to operate profitably at the current demand and
    changing model mix
  oAccelerating the development of new products that customers want and value
  oFinancing the plan and improving the balance sheet
  oWorking together effectively as one team, leveraging Ford's global assets

"Our focus this year will be to continue our strong performance in North
America and at Ford Credit, while at the same time, addressing challenges and
opportunities in other parts of our business," said Bob Shanks, Ford chief
financial officer. "In Europe this means executing our transformation plan,
while in South America we will continue to refresh our entire product line-up,
and in Asia Pacific we will continue to invest for even stronger, profitable
growth in the future."

Overall, the company expects 2013 to be another strong year, as it continues
to work toward its mid-decade outlook.

       The financial results discussed herein are presented on a preliminary
+  basis; final data will be included in Ford's Annual Report on Form 10-K
       for the year ended Dec. 31, 2012. The following information applies to
       the information throughout this release:
         oPre-tax operating results exclude special items unless otherwise
           noted.
         oSee tables following the "Safe Harbor/Risk Factors" for the nature
           and amount of special items, and reconciliation of items designated
           as "excluding special items" to U.S. generally accepted accounting
           principles ("GAAP"). Also see the tables for reconciliation to
           GAAP of Automotive gross cash, operating-related cash flow and net
           interest.
         oDiscussion of overall Automotive cost changes is measured primarily
           at present-year exchange and excludes special items and
           discontinued operations; in addition, costs that vary directly with
           production volume, such as material, freight, and warranty costs,
           are measured at present-year volume and mix.
         oWholesale unit sales and production volumes include the sale or
           production of Ford-brand and JMC-brand vehicles by unconsolidated
           affiliates. JMC refers to our Chinese joint venture, Jiangling
           Motors Corporation. See materials supporting the Jan. 29, 2013
           conference calls at www.shareholder.ford.comfor further discussion
           of wholesale unit volumes.
++ Excludes special items.
       Excludes special items and "Income/(Loss) attributable to
+++    non-controlling interests." See tables following "Safe Harbor/Risk
       Factors" for the nature and amount of these special items and
       reconciliation 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:

  oDecline in industry sales volume, particularly in the United States or
    Europe, due to financial crisis, recession, geo-political events, or other
    factors;
  oDecline in market share or failure to achieve growth;
  oLower-than-anticipated market acceptance of new or existing products;
  oAn increase in or acceleration of market shift beyond our current planning
    assumptions from sales of trucks, medium- and large-sized utilities, or
    other more profitable vehicles, particularly in the United States;
  oAn increase in fuel prices, continued volatility of fuel prices, or
    reduced availability of fuel;
  oContinued or increased price competition resulting from industry
    overcapacity, currency fluctuations, or other factors;
  oAdverse effects from the bankruptcy, insolvency, or government-funded
    restructuring of, change in ownership or control of, or alliances entered
    into by a major competitor;
  oFluctuations in foreign currency exchange rates, commodity prices, and
    interest rates;
  oEconomic distress of suppliers that may require us to provide substantial
    financial support or take other measures to ensure supplies of components
    and could increase our costs, affect our liquidity, or cause production
    constraints or disruptions;
  oSingle-source supply of components or materials;
  oLabor or other constraints on our ability to maintain competitive cost
    structure;
  oWork stoppages at Ford or supplier facilities or other interruptions of
    production;
  oSubstantial pension and postretirement health care and life insurance
    liabilities impairing our liquidity or financial condition;
  oWorse-than-assumed economic and demographic experience for our
    postretirement benefit plans (e.g.,discount rates or investment returns);
  oRestriction on use of tax attributes from tax law "ownership change;"
  oThe discovery of defects in vehicles resulting in delays in new model
    launches, recall campaigns, reputational damage, or increased warranty
    costs;
  oIncreased safety, emissions, fuel economy, or other regulation resulting
    in higher costs, cash expenditures, and/or sales restrictions;
  oUnusual or significant litigation, governmental investigations or adverse
    publicity arising out of alleged defects in our products, perceived
    environmental impacts, or otherwise;
  oA change in our requirements for parts where we have long-term supply
    arrangements committing us to purchase minimum or fixed quantities of
    certain parts, or to pay a minimum amount to the seller ("take-or-pay"
    contracts);
  oAdverse effects on our results from a decrease in or cessation or clawback
    of government incentives related to investments;
  oAdverse effects on our operations resulting from certain geo-political or
    other events;
  oInherent limitations of internal controls impacting financial statements
    and safeguarding of assets;
  oSubstantial levels of Automotive indebtedness adversely affecting our
    financial condition or preventing us from fulfilling our debt obligations;
  oFailure of financial institutions to fulfill commitments under committed
    credit facilities;
  oInability of Ford Credit to access debt, securitization, or derivative
    markets around the world at competitive rates or in sufficient amounts due
    to credit rating downgrades, market volatility, market disruption,
    regulatory requirements, or other factors;
  oHigher-than-expected credit losses;
  oIncreased competition from banks or other financial institutions seeking
    to increase their share of financing Ford vehicles;
  oCollection and servicing problems related to finance receivables and net
    investment in operating leases;
  oLower-than-anticipated residual values or higher-than-expected return
    volumes for leased vehicles;
  oImposition of additional costs or restrictions due to the Dodd-Frank Wall
    Street Reform and Consumer Protection Act ("Act") and its implementing
    rules and regulations;
  oNew or increased credit, consumer, or data protection or other regulations
    resulting in higher costs and/or additional financing restrictions; and
  oInability of Ford Credit to obtain competitive funding.

Ford cannot be certain that any expectation, forecast, or assumption made 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. Ford's forward-looking
statements speak only as of the date of initial issuance, and Ford does 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" of Ford's Annual Report on Form 10-K for the year ended
December31,2011.

CONFERENCE CALL DETAILS

Ford Motor Company [NYSE:F] releases its preliminary fourth quarter 2012
financialresults at 7 a.m. EST today. The following briefings will be held
aftertheannouncement:

  oAt 9 a.m. EST, Alan Mulally, Ford president and CEO, and Bob Shanks, Ford
    executive vice president and chief financial officer, will host a
    conference call for the investment community and news media to discuss the
    2012 fourth quarter and full-year results.

  oAt 11 a.m. EST, Neil Schloss, Ford vice president and treasurer, Stuart
    Rowley, Ford vice president and controller, and Mike Seneski, chief
    financial officer, Ford Motor Credit Company, will host a conference call
    for fixed income analysts and investors.

Listen-only presentations 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 thepresentations.

Access Information  — Tuesday, Jan. 29, 2013
Earnings Call: 9 a.m. (EST)
Toll Free: 1.866.318.8613
International: 1.617.399.5132
Earnings Passcode: Ford Earnings
Fixed Income: 11 a.m. (EST)
Toll Free: 1.866.515.2907
International: 1.617.399.5121
Fixed Income Passcode: Ford Fixed Income
Replays  — Available after 2 p.m. the day of the event through Tuesday,
February 5, 2013.
www.shareholder.ford.com
Toll Free: 1.888.286.8010
International: 1.617.801.6888
Replay Passcodes:
Earnings: 37382865
Fixed Income: 87513123

About Ford Motor Company
Ford Motor Company, a global automotive industry leader based in Dearborn,
Mich., manufactures or distributes automobiles across six continents. With
about 171,000 employees and 65 plants worldwide, the company's automotive
brands include Ford and Lincoln. The company provides financial services
through Ford Motor Credit Company. For more information regarding Ford's
products, please visit www.ford.com.





CALCULATION OF EARNINGS PER SHARE
                   Fourth Quarter 2012              Full Year 2012
                                        After-Tax                    After-Tax

                   Net Income           Operating   Net Income       Operating

                   Attributable to      Results     Attributable to  Results
                                        Excl.                        Excl.
                   Ford                             Ford
                                        Special                      Special
                                        Items*                       Items*
    After-Tax
    Results
    (Mils.)
    After-tax      $     1,598          $   1,241   $    5,665       $  5,596
    results*
    Effect of
    dilutive 2016  13                   11          46               44
    Convertible
    Notes**
    Effect of
    dilutive 2036  1                    —           2                1
    Convertible
    Notes**
    Diluted
    after-tax      $     1,612          $   1,252   $    5,713       $  5,641
    results
    Basic and
    Diluted Shares
    (Mils.)***
    Basic shares
    (Average       3,830                3,830       3,815            3,815
    shares
    outstanding)
    Net dilutive
    options and    78                   76          101              100
    warrants
    Dilutive 2016
    Convertible    97                   97          96               96
    Notes
    Dilutive 2036
    Convertible    3                    3           3                3
    Notes
    Diluted shares 4,008                4,006       4,015            4,014
    EPS (Diluted)  $     0.40           $   0.31    $    1.42        $  1.41
*   Excludes Income / (Loss) attributable to non-controlling interests and the
    effect of discontinued operations; special items detailed on page 11.
    As applicable, includes interest expense, amortization of discount,
**  amortization of fees, and other changes in income or loss that result from
    the application of the if-converted method for convertible securities.
    Includes (i) 36 million and 53 million in average net dilutive shares for
    the Fourth Quarter and Full Year 2012, respectively, for warrants
    outstanding prior to exercise and (ii) 35 million and 9 million in average
*** basic shares outstanding for the Fourth Quarter and Full Year 2012,
    respectively, for shares issued for warrants exercised. In total, by the
    deadline for exercise of December 31, 2012, 362 million warrants were
    exercised on a net share settlement basis, resulting in the issuance of
    106 million shares.



TOTAL COMPANY
INCOME FROM CONTINUING OPERATIONS
                                      Fourth Quarter       Full Year
                                      2011       2012      2011       2012
                                      (Mils.)    (Mils.)   (Mils.)    (Mils.)
North America                         $ 889      $ 1,872   $ 6,191    $ 8,343
South America                         108        145       861        213
Europe                                (190)      (732)     (27)       (1,753)
Asia Pacific Africa                   (83)       39        (92)       (77)
Other Automotive                      (138)      (62)      (601)      (470)
 Total Automotive (excl. special     $ 586      $ 1,262   $ 6,332    $ 6,256
items)
Special items -- Automotive           349        160       (82)       (246)
 Total Automotive                  $ 935      $ 1,422   $ 6,250    $ 6,010
Financial Services                    518        419       2,431      1,710
 Pre-tax results                 $ 1,453    $ 1,841   $ 8,681    $ 7,720
(Provision for)/Benefit from income   12,161     (246)     11,541     (2,056)
taxes
 Net income                    $ 13,614   $ 1,595   $ 20,222   $ 5,664
Less: Income/(Loss) attributable to  (1)        (3)       9          (1)
non-controlling interests
 Net income attributable to  $ 13,615   $ 1,598   $ 20,213   $ 5,665
Ford
Memo: Excluding special items
Pre-tax results                       $ 1,104    $ 1,681   $ 8,763    $ 7,966
(Provision for)/Benefit from income   (308)      (443)     (2,635)    (2,371)
taxes
Less: Income/(Loss) attributable to  (1)        (3)       9          (1)
non-controlling interests
 After tax results                   $ 797      $ 1,241   $ 6,119    $ 5,596



TOTAL COMPANY
SPECIAL ITEMS
                          Fourth Quarter               Full Year
                          2011           2012          2011           2012
                          (Mils.)        (Mils.)       (Mils.)        (Mils.)
Personnel and
Dealer-Related Items
Personnel-reduction       $  (56)        $  (185)      $  (269)       $ (498)
actions*
Mercury discontinuation / (47)           (24)          (151)          (71)
Other dealer actions
Job Security Benefits     60             (6)           93             17
(JSB) / Other
Total Personnel and       $  (43)        $  (215)      $  (327)       $ (552)
Dealer-Related Items
Other Items
CFMA restructuring        $  —           $  625        $  —           $ 625
AAI consolidation         —              —             —              136
FordSollers gain          401            —             401            1
U.S. pension buyouts      —              (250)         —              (250)
Loss on sale of two       —              —             —              (174)
component businesses
Belgium pension           (5)            —             (109)          —
settlement
Other                     (4)            —             (47)           (32)
 Total Other Items       $  392         $  375        $  245         $ 306
 Total Special Items   $  349         $  160        $  (82)        $ (246)
Tax Special Items**       $  12,469      $  197        $  14,176      $ 315
Memo:
Special Items impact on   $  3.20        $  0.09       $  3.43        $ 0.01
earnings per share***
 * Includes
pension-related special
items
** For 2011, primarily represents valuation allowance reversal at year end
and valuation allowance consumed during the year
*** Includes related tax effect on special items and tax special items



NET INTEREST RECONCILIATION TO GAAP
                                        Fourth Quarter      Full Year
                                        2011      2012      2011      2012
                                        (Mils.)   (Mils.)   (Mils.)   (Mils.)
Interest expense                        $ (183)   $ (142)   $ (817)   $ (713)
Interest income                         96        52        387       272
 Subtotal                              $ (87)    $ (90)    $ (430)   $ (441)
Adjusted for items included / excluded
from net interest:
 Include: Gains/(Losses) on cash      (24)      5         (8)       69
equiv. & mark. securities*
 Exclude: Change in amortized value   —         (45)      —         (45)
of debt included in interest expense
 Exclude: Special items               —         —         (2)       —
 Other                                 (15)      (17)      (60)      (72)
 Net Interest                        $ (126)   $ (147)   $ (500)   $ (489)
* Excludes mark-to-market adjustments of our investment in Mazda



AUTOMOTIVE SECTOR
GROSS CASH RECONCILIATION TO GAAP
                        Dec. 31,              Sep. 30,          Dec. 31,
                        2011                  2012              2012
                        (Bils.)               (Bils.)           (Bils.)
   Cash and cash        $      7.9            $    6.2          $    6.2
   equivalents
   Marketable           15.0                  17.9              18.2
   securities
   Total cash and
   marketable           $      22.9           $    24.1         $    24.4
   securities
   Securities in        —                     —                 (0.1)
   transit*
   Gross cash           $      22.9           $    24.1         $    24.3
   The purchase or sale of marketable securities for which the cash settlement
*  was not made by period end and for which there was a payable or receivable
   recorded on the balance sheet at period end



AUTOMOTIVE SECTOR
OPERATING-RELATED CASH FLOWS RECONCILIATION TO GAAP
                                            Fourth Quarter    Full Year
                                            2011     2012     2011     2012
                                            (Bils.)  (Bils.)  (Bils.)  (Bils.)
 Cash flows from operating activities of    $  2.6   $  2.2   $  9.4   $  6.3
 continuing operations
 Items included in operating-related cash
 flows
  Capital expenditures                     (1.2)    (1.9)    (4.3)    (5.5)
  Proceeds from the exercise of stock      —        —        0.1      —
 options
  Net cash flows from non-designated       —        (0.2)    0.1      (0.8)
 derivatives
 Items not included in operating-related
 cash flows
  Cash impact of JSB and                   0.1      0.1      0.3      0.4
 personnel-reduction actions
  Pension contributions                    0.1      0.9      1.1      3.4
  Tax refunds and tax payments from        (1.0)    —        (1.4)    (0.1)
 affiliates
  Settlement of outstanding obligation     —        —        —        (0.3)
 with affiliates
  Other                                    0.1      (0.1)    0.3      —
  Operating-related cash flows           $  0.7   $  1.0   $  5.6   $  3.4





SOURCE Ford Motor Company

Website: http://www.ford.com
Contact: Media: Jay Cooney, +1-313-319-5477, jcoone17@ford.com; Equity
Investment Community: Larry Heck, +1-313-594-0613, fordir@ford.com; Fixed
Income Investment Community: Molly Tripp, +1-313-621-0881, fixedinc@ford.com;
Shareholder Inquiries: 1-800-555-5259 or +1-313-845-8540, stockinf@ford.com
 
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