Ford Delivers Record Third Quarter Pre-Tax Profit of $2.6 Billion; Improves Full Year Guidance+

 Ford Delivers Record Third Quarter Pre-Tax Profit of $2.6 Billion; Improves
                             Full Year Guidance+

PR Newswire

DEARBORN, Mich., Oct. 24, 2013

DEARBORN, Mich., Oct. 24, 2013 /PRNewswire/ --

  oRecord third quarter pre-tax profit of $2.6 billion, an increase of
    $426million compared with a year ago; 17thconsecutive quarter of
    profitability; third quarter earnings per share of 45 cents, an
    improvement of 5cents per share compared with a year ago

  oNet income of $1.3 billion, or 31cents per share, down $359 million, or
    10 cents per share, compared with a year ago due to pre-tax special item
    charges of $498 million. Special item charges included $250 million for
    separation-related actions, primarily in Europe to support the company's
    transformation plan, and $145 million associated with Ford's U.S. salaried
    retiree voluntary lump sum payout program as part of its pension
    de-risking strategy

  oTop-line growth with wholesale volume and total company revenue up 16
    percent and 12 percent, respectively, compared with a year ago; growth
    supported by year-over-year market share gains in all regions; fourth
    consecutive quarter of top-line growth

  oRecord third quarter pre-tax profit for Automotive sector; continued
    strong results in North America and a combined profit for regions outside
    North America for first time since second quarter 2011; record third
    quarter profit for Asia Pacific Africa; profitable in South America; loss
    in Europe, but improved substantially from second quarter and a year ago.
    Ford Credit remained solidly profitable

  oRecord third quarter Automotive operating-related cash flow of $1.6
    billion; 14th consecutive quarter of positive operating-related cash flow;
    strong liquidity of $37.5billion, an increase of $400 million from the
    end of the second quarter

  oFirst nine months pre-tax profit of $7.3 billion, an improvement of $1
    billion compared with a year ago; first nine months net income of $4.1
    billion

  oImproved full year company financial guidance: Ford now expects total
    company pre-tax profit to be higher than 2012, improved from prior
    guidance of equal to or higher than 2012. Ford also now expects Automotive
    operating margin to be higher than last year rather than about equal. Ford
    continues to expect Automotive operating-related cash flow to be
    substantially higher than 2012



Financial Results Third Quarter              First Nine Months
Summary +
                  2012     2013     B/(W)    2012     2013        B/(W)
                                    2012                          2012
Wholesales (000)  1,329    1,545    216      4,134    4,720       586
Revenue (Bils.)   $ 32.1   $ 36.0   $ 3.9    $ 97.8   $ 109.9     $ 12.1
Operating Results
Pre-tax results   $ 2,163  $ 2,589  $ 426    $ 6,285  $ 7,290     $ 1,005
(Mils.)
After-tax results 1,574    1,821    247      4,355    5,296       941
(Mils.)++
Earnings per      0.40     0.45     0.05     1.09     1.31        0.22
share++
Special items     $ 83     $ (498)  $ (581)  $ (406)  $ (1,257)   $ (851)
pre-tax (Mils.)
Net income
attributable to
Ford
After-tax results $ 1,631  $ 1,272  $ (359)  $ 4,067  $ 4,116     $ 49
(Mils.)
Earnings per      0.41     0.31     (0.10)   1.02     1.02        —
share
Automotive
Operating-related $ 0.7    $ 1.6    $ 0.9    $ 2.4    $ 5.6       $ 3.2
cash flow (Bils.)
Gross cash        $ 24.1   $ 26.1   $ 2.0    $ 24.1   $ 26.1      $ 2.0
(Bils.)
Debt (Bils.)      (14.2)   (15.8)   (1.6)    (14.2)   (15.8)      (1.6)
Net cash (Bils.) $ 9.9    $ 10.3   $ 0.4    $ 9.9    $ 10.3      $ 0.4
See end notes on page 7.

Ford Motor Company [NYSE: F] delivered record third quarter 2013 pre-tax
profitof $2.6billion, reflecting continued strong performance in North
America and a combined profit from the regions outside North America. In
addition, Ford Credit remained solidly profitable.

Total company third quarter pre-tax profit of $2.6 billion was $426 million
higher than a year ago. Third quarter earnings per share of 45 cents was 5
cents per share higher than a year ago.

Net income for the third quarter of $1.3billion, or 31cents per share, was
down $359 million, or 10 cents per share, compared with a year ago due to
pre-tax special item charges of $498 million. Special item charges included
$250million for separation-related actions, primarily in Europe to support
the company's transformation plan, and $145 million associated with Ford's
U.S. salaried retiree voluntary lump sum payout program as part of the
company's pension de-risking strategy.

Automotive operating-related cash flow was $1.6 billion, a third quarter
record, marking the 14th consecutive quarter of positive performance. The
company ended the third quarter with strong liquidity of $37.5 billion, an
increase of $400 million compared with the end of the second quarter of 2013.

"Ford's record results in the third quarter show the strength of our One Ford
plan around the world," said Alan Mulally, Ford president and CEO. "Working
together, we remain committed to serving customers in all markets with a full
family of vehicles, offering the very best quality, fuel efficiency, safety,
smart design and value."

During the quarter, Ford contributed $1.1 billion to its global funded pension
plans, which included about $700million of discretionary payments to its U.S.
funded plans as part of the company's pension de-risking strategy.

In the third quarter, the company settled about $700 million of pension
obligations related to its U.S. salaried retiree voluntary lump sum program,
and has settled $3.4 billion since the program began in August 2012. The lump
sum program is about 80 percent complete and concludes at the end of the year.

Dividends paid in the third quarter totaled about $400 million.

AUTOMOTIVE SECTOR

           Third Quarter                     First Nine Months
           2012       2013       B/(W) 2012  2012       2013       B/(W) 2012
Wholesales 1,329      1,545      216         4,134      4,720      586
(000)
Revenue    $ 30.2     $ 33.9     $ 3.7       $ 92.1     $ 103.8    $ 11.7
(Bils.)
Operating
Margin     6.3     %  7.0     %  0.7   pts.  5.9     %  6.2     %  0.3    pts.
(Pct.)
Pre-tax
results    $ 1,775    $ 2,226    $ 451       $ 4,994    $ 5,973    $ 979
(Mils.)

Total Automotive third quarter wholesale volume and revenue were up strongly
from a year ago. The higher volume reflects higher market share in all
regions, improved industry volumes in all regions except South America and
favorable changes in dealer stocks in all regions. The growth in revenue
primarily reflects higher volume, as well as net pricing gains in all regions.

Third quarter operating margin, at 7 percent, was seven-tenths of a percentage
point better than a year ago.

First nine months volume and revenue were higher than a year ago by 14 percent
and 13 percent, respectively.

"North America continues to achieve strong profits and we saw significantly
improved results outside North America," said Bob Shanks, executive vice
president and chief financial officer. "We substantially reduced our losses in
Europe, set a record third quarter profit in Asia Pacific Africa and saw a
$150 million improvement in South America."

North America

           Third Quarter                       First Nine Months
           2012       2013       B/(W) 2012    2012       2013       B/(W) 2012
Wholesales 659        744        85            2,029      2,328      299
(000)
Revenue    $ 19.5     $ 21.7     $ 2.2         $ 57.8     $ 66.4     $ 8.6
(Bils.)
Operating
Margin       12.0  %    10.6  %    (1.4) pts.    11.2  %    10.7  %    (0.5) pts.
(Pct.)
Pre-tax
results    $ 2,328    $ 2,308    $ (20)        $ 6,471    $ 7,079    $ 608
(Mils.)

For the sixth time in the last seven quarters, North America achieved a
pre-tax profit of $2 billion or more and an operating margin of 10 percent or
more. Third quarter pre-tax profit was about equal to last year's record
profit. Favorable market factors — volume and mix and net pricing — were
offset, for the most part, by higher costs, including investment in new
products.

Third quarter results were driven by a strong industry and a robust full-size
pickup segment, along with Ford's strong product lineup, U.S. market share
growth, continued discipline in matching production to real demand and a lean
cost structure — even as the company invests more in product and capacity for
future growth.

Wholesale volume and revenue increased 13 percent and 12 percent,
respectively, from a year ago. The volume improvement mainly reflects higher
U.S. industry sales, favorable changes in dealer stocks and higher U.S. market
share. Higher volume drove the revenue increase.

In the first nine months of the year, North America's operating margin was
10.7percent, five-tenths of a percentage point lower than a year ago, while
pre-tax profit was about $7 billion, up about $600 million. Wholesale volume
and revenue both improved 15percent compared with 2012.

For full year 2013, Ford's guidance for North America remains unchanged. The
company continues to expect higher pre-tax profit compared with 2012 and
operating margin of about 10percent.

South America

                    Third Quarter                 First Nine Months
                    2012     2013     B/(W) 2012  2012     2013     B/(W) 2012
Wholesales (000)    117      143      26          354      403      49
Revenue (Bils.)     $ 2.3    $ 2.8    $ 0.5       $ 7.0    $ 8.1    $ 1.1
Operating Margin    0.4   %  5.6   %  5.2   pts.  1.0   %  1.1   %  0.1   pts.
(Pct.)
Pre-tax results     $ 9      $ 159    $ 150       $ 68     $ 92     $ 24
(Mils.)

South America continues to execute the company's strategy of expanding its
product lineup, while progressively replacing legacy products with global One
Ford offerings. The company's new products continue to perform well. Customer
response to the Ranger pickup and refreshed Fiesta remains strong, and
EcoSport and Fusion continue to be segment leaders.

South America's pre-tax profit of $159 million in the third quarter was $150
million higher compared with the prior year. Market factors more than explain
the improvement.

Wholesale volume and revenue increased strongly from a year ago, both up 22
percent. The higher volume reflects increased market share and favorable
changes in dealer stocks. The growth in revenue was driven by the higher
volume and net pricing gains, offset partially by unfavorable exchange.

South America's first nine months volume, revenue, operating margin and profit
all improved from a year ago.

The overall environment in South America remains uncertain, but given the
company's performance in the first nine months, Ford now expects South America
to be about breakeven to profitable for the full year. This is an improvement
from prior guidance of about breakeven.

Europe

           Third Quarter                       First Nine Months
           2012         2013       B/(W) 2012  2012         2013         B/(W) 2012
Wholesales 295          310        15          1,026        1,042        16
(000)
Revenue    $   5.8      $ 6.5      $ 0.7       $ 20.1       $ 20.8       $ 0.7
(Bils.)
Operating
Margin     (8.0)     %  (3.5)   %  4.5   pts.  (5.1)     %  (5.0)     %  0.1    pts.
(Pct.)
Pre-tax
results    $   (468)    $ (228)    $ 240       $ (1,021)    $ (1,038)    $ (17)
(Mils.)

In the third quarter 2013, Europe remained on track in executing its
transformation plan.

Europe's third quarter pre-tax loss of $228 million was $240 million better
than a year ago, with all factors favorable, except costs associated with
restructuring. Europe's results have improved sequentially in each quarter
this year.

In the third quarter, wholesale volume and revenue improved from a year ago by
5 percent and 12 percent, respectively, the second consecutive quarter of
year-over-year top-line improvement. The volume increase reflects higher
industry sales, lower dealer stock reductions than a year ago and higher
market share. The increase in Europe's revenue mainly reflects the higher
volume.

Europe's operating margin for the first nine months was negative 5 percent and
the pre-tax loss was $1 billion, both about equal to a year ago, despite about
$400 million of restructuring costs incurred this year and lower industry
volume. Volume and revenue were up slightly from a year ago.

The company now expects its full year loss in Europe to be less than 2012.
This is an improvement from prior guidance of a loss about the same as a year
ago, reflecting the progress the company is making on its Europe
transformation plan.

Asia Pacific Africa

                  Third Quarter                 First Nine Months
                  2012     2013     B/(W) 2012  2012       2013     B/(W) 2012
Wholesales (000)  258      348      90          725        947      222
Revenue (Bils.)   $ 2.6    $ 2.9    $ 0.3       $ 7.2      $ 8.5    $ 1.3
Operating Margin    1.7 %    4.4 %    2.7 pts.    (1.6) %    3.6 %    5.2 pts.
(Pct.)
Pre-tax results   $ 45     $ 126    $ 81        $ (116)    $ 309    $ 425
(Mils.)

Ford's strategy in Asia Pacific Africa is to grow aggressively with an
expanding portfolio of global One Ford products tailored for the region and
with manufacturing hubs in China, India and ASEAN. Implementation of this
strategy continues to gain momentum.

In the third quarter, Asia Pacific Africa reported its fifth consecutive
quarterly profit with pre-tax results of $126million, an improvement of $81
million compared with a year ago. Third quarter results reflect favorable
top-line factors, offset partially by higher costs, as the company continues
to invest for further growth.

In the third quarter, wholesale volume was up 35 percent from a year ago, and
revenue, which excludes the company's China joint ventures, grew 7 percent.
The higher volume reflects mainly improved market share, with higher industry
volume and favorable changes in dealer stock also contributing. Higher revenue
primarily reflects favorable volume and mix.

Asia Pacific Africa's third quarter market share was 3.7 percent, six-tenths
of a percentage point higher than a year ago and a quarterly record. The
improvement was driven by China, where Ford's market share improved
eight-tenths of a percentage point to equal last quarter's record of 4.3
percent, reflecting mainly strong sales of the Kuga, EcoSport and Focus.

For the first nine months, volume, revenue, operating margin and profit all
improved from a year ago.

Ford's guidance for Asia Pacific Africa is unchanged. The region is expected
to be profitable for the full year.

Other Automotive

The third quarter loss of $139 million in Other Automotive reflects net
interest expense, offset partially by a favorable fair market value adjustment
on the company's investment in Mazda.

For the full year, Ford now expects net interest expense to be at the lower
end of its prior guidance of $800million to $850 million.

Production Volumes*

                 2013
                 Third Quarter                  Fourth Quarter
                 Actual                         Forecast
                 Units          O/(U) 2012      Units        O/(U) 2012
                 (000)          (000)           (000)        (000)
North America    751            78              770          35
South America    125            21              110          (6)
Europe           323            4               335          (5)
Asia Pacific     348            84              380          78
Africa
Total           1,547          187             1,595        102
* Includes Ford brand and JMC brand vehicles to be produced by
unconsolidated affiliates

In the third quarter, Ford produced about 1.5 million units, or 187,000 higher
than in the third quarter of 2012, reflecting higher volumes in all regions.

In the fourth quarter, Ford expects total company production will be about 1.6
million units, 102,000 units higher than a year ago. This includes a reduction
of 15,000 units from the company's prior guidance for North America.

FINANCIAL SERVICES SECTOR

                        Third Quarter             First Nine Months
                        2012   2013   B/(W) 2012  2012     2013     B/(W) 2012
Revenue (Bils.)         $ 1.9  $ 2.1  $   0.2     $ 5.7    $ 6.1    $    0.4
Ford Credit pre-tax     $ 393  $ 427  $   34      $ 1,283  $ 1,388  $    105
results (Mils.)
Other Financial
Services pre-tax        (5)    (64)   (59)        8        (71)     (79)
results (Mils.)
Financial Services     $ 388  $ 363  $   (25)    $ 1,291  $ 1,317  $    26
pre-tax results (Mils.)

Ford Motor Credit Company

Ford Credit's third quarter profit of $427 million improved $34 million from a
year ago, more than explained by higher volume in North America. The drivers
of higher volume were an increase in leasing, reflecting changes in Ford's
marketing programs, as well as higher non-consumer finance receivables due to
higher dealer stocks.

Ford Credit remains key to Ford's global growth strategy, providing
world-class dealer and customer financial services, maintaining a strong
balance sheet, and producing solid profits and distributions.

For full year 2013, Ford Credit continues to expect pre-tax profit to be about
equal to 2012. Ford Credit now expects year-end managed receivables of about
$100 billion, which is within the prior range of $97 billion to $102 billion,
and distributions of about $400million, up from $200 million previously
planned, reflecting a fourth quarter reduction in Ford Credit's tax liability.

Other Financial Services

The third quarter loss of $64 million for Other Financial Services primarily
reflects charges related to the sale of a portfolio of finance receivables
that was not included in the company's sale of the Volvo auto business in
2010.

OUTLOOK

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

                                                                     Memo:
                          2012            2013                       2013
                          Full            Full                       First
                          Year            Year                       Nine
                                                                     Months
                          Results         Plan       Outlook         Results
      Planning
      Assumptions
      Industry Volume* -- 14.8            15.0 -     15.9            15.8
      U.S. (Mils.)                        16.0
      Industry Volume* -- 14.0            13.0 -     13.6            13.6
      Europe (Mils.)**                    14.0
      Industry Volume* -- 19.0            19.5 -     21.7            21.6
      China (Mils.)                       21.5
      Operational Metrics
      Compared with Prior
      Year:
      - U.S. Market      15.2       %    Higher     On Track        15.8    %
      Share
      - Europe Market    7.9             About      On Track        8.0
      Share**                             Equal
      - China Market     3.2             Higher     On Track        4.0
      Share***
      - Quality          Mixed           Improve    Mixed           Mixed
      Financial Metrics
      Compared with Prior
      Year:
      - Total Company                   About
      Pre-Tax Operating   $   8.0         Equal      Higher          $   7.3
      Profit (Bils.)****
      - Automotive                      About
      Operating           5.3        %    Equal /    Higher          6.2     %
      Margin****                          Lower
      - Automotive
      Operating-Related   $   3.4         Higher     Substantially   $   5.6
      Cash Flow                                      Higher
      (Bils.)*****
*     Includes medium and heavy trucks
**    The 19 markets Ford tracks
***   Includes Ford and JMC brand vehicles produced 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
      See "Operating-Related Cash Flows Reconciliation to GAAP" table on page
***** 13; full year 2012 reconciliation provided in Ford's 2012 Form 10-K
      report

The company's third quarter operating effective tax rate was about 33 percent.
The company now expects its full year operating effective tax rate to be less
than 30 percent, compared with 32percent last year. This reflects a
year-to-date tax rate of about 31 percent and a fourth quarter reduction in
Ford Credit's tax liability.

Ford remains focused on delivering the key aspects of its 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

"We are on track for another strong year in 2013," Mulally said. "Our One Ford
plan continues to deliver profitable growth for all of our stakeholders."

   The financial results discussed herein are presented on a preliminary
+  basis; final data will be included in Ford's Quarterly Report on Form 10-Q
   for the period ended September 30, 2013. The following information applies
   to the information throughout this release:
     oPre-tax results exclude special items unless otherwise noted.
     oAll references to records by Automotive business units are for the
       period 2001 through the present, as comparative business unit results
       for Ford North America, Ford South America, Ford Europe and Ford Asia
       Pacific Africa are not available prior to such period.
     oSee tables at the end of this release 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 October 24, 2013, conference
       calls at www.shareholder.ford.com for further discussion of wholesale
       unit volumes.
   Excludes special items and "Income/(Loss) attributable to non-controlling
++ interests." See tables at the end of this release for the nature and amount
   of these special items and reconciliation to GAAP.

Risk Factors

Statements included or incorporated by reference 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, geopolitical events, or other
    factors;
  oDecline in Ford's market share or failure to achieve growth;
  oLower-than-anticipated market acceptance of Ford's new or existing
    products;
  oMarket shift away from sales of larger, more profitable vehicles beyond
    Ford's current planning assumption, particularly in the United States;
  oAn increase in or continued volatility of fuel prices, or reduced
    availability of fuel;
  oContinued or increased price competition resulting from industry excess
    capacity, currency fluctuations, or other factors;
  oFluctuations in foreign currency exchange rates, commodity prices, and
    interest rates;
  oAdverse effects resulting from economic, geopolitical, or other events;
  oEconomic distress of suppliers that may require Ford to provide
    substantial financial support or take other measures to ensure supplies of
    components or materials and could increase costs, affect liquidity, or
    cause production constraints or disruptions;
  oWork stoppages at Ford or supplier facilities or other limitations on
    production (whether as a result of labor disputes, natural or man-made
    disasters, tight credit markets or other financial distress, production
    constraints or difficulties, or other factors);
  oSingle-source supply of components or materials;
  oLabor or other constraints on Ford's ability to maintain competitive cost
    structure;
  oSubstantial pension and postretirement health care and life insurance
    liabilities impairing our liquidity or financial condition;
  oWorse-than-assumed economic and demographic experience for 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, or increased warranty costs;
  oIncreased safety, emissions, fuel economy, or other regulations 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 products, perceived
    environmental impacts, or otherwise;
  oA change in requirements under long-term supply arrangements committing
    Ford 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 results from a decrease in or cessation or clawback of
    government incentives related to investments;
  oInherent limitations of internal controls impacting financial statements
    and safeguarding of assets;
  oCybersecurity risks to operational systems, security systems, or
    infrastructure owned by Ford, Ford Credit, or a third-party vendor or
    supplier;
  oFailure of financial institutions to fulfill commitments under committed
    credit and liquidity 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, lower-than-anticipated residual
    values, or higher-than-expected return volumes for leased vehicles;
  oIncreased competition from banks or other financial institutions seeking
    to increase their share of financing Ford vehicles; and
  oNew 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 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, see "Item 1A. Risk Factors" in our
Annual Report on Form 10-K for the year ended December31,2012, as updated by
our subsequent Quarterly Reports on Form 10-Q and Current Reports on Form
8-K.

CONFERENCE CALL DETAILS

Ford Motor Company [NYSE:F] releases its preliminary third quarter 2013
financialresults at 7 a.m. EDT today. The following briefings will be
conducted aftertheannouncement:

  oAt 9 a.m. EDT, Alan Mulally, Ford president and chief executive officer,
    and Bob Shanks, Ford executive vice president and chief financial officer,
    will host a conference call to discuss the 2013 third quarter financial
    results.

  oAt 11 a.m. EDT, 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
    focusing on Ford Motor Credit Company's 2013 third quarter financial
    results.

Listen-only presentations and supporting materials will be available on the
Internet at www.shareholder.ford.com. Representatives of the investment
community will have the opportunity to ask questions on both conference calls,
as will representatives of the news media on the first call.

Access Information - Thursday, Oct. 24, 2013
Earnings Call: 9 a.m. (EDT)
Toll Free: 1.800.510.0219
International: 1.617.614.3451
Earnings Passcode: Ford Earnings

Fixed Income: 11 a.m. (EDT)
Toll Free: 1.866.515.2907
International: 1.617.399.5121
Fixed Income Passcode: Ford Fixed Income

REPLAYS
(Available after 2 p.m. (EDT) the day of the event through Thursday, Oct. 31)
www.shareholder.ford.com
Toll Free: 1.888.286.8010
International: 1.617.801.6888

Replay Passcodes:
Earnings: 69976870
Fixed Income: 16609400

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 180,000 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 about Ford and its
products worldwide please visit www.corporate.ford.com.



TOTAL COMPANY
CALCULATION OF EARNINGS PER SHARE
                    Third Quarter 2013              First Nine Months 2013
                                         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        $     1,272          $  1,821   $    4,116       $  5,296
   results*
   Effect of
   dilutive 2016    10                   12         33               36
   Convertible
   Notes**
   Effect of
   dilutive 2036    —                    —          1                1
   Convertible
   Notes**
   Diluted
   after-tax        $     1,282          $  1,833   $    4,150       $  5,333
   results
   Basic and
   Diluted Shares
   (Mils.)
   Basic shares
   (Average shares  3,942                3,942      3,933            3,933
   outstanding)
   Net dilutive     53                   53         52               52
   options
   Dilutive 2016
   Convertible      98                   98         98               98
   Notes
   Dilutive 2036
   Convertible      3                    3          3                3
   Notes
   Diluted shares   4,096                4,096      4,086            4,086
   EPS (Diluted)    $     0.31           $  0.45    $    1.02        $  1.31
*  Excludes Income/(Loss) attributable to non-controlling interests; special
   items detailed on page 12
   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



TOTAL COMPANY
INCOME FROM CONTINUING OPERATIONS
                                       Third Quarter       First Nine Months
                                       2012      2013      2012      2013
                                       (Mils.)   (Mils.)   (Mils.)   (Mils.)
 Automotive
 North America                         $ 2,328   $ 2,308   $ 6,471   $ 7,079
 South America                         9         159       68        92
 Europe                                (468)     (228)     (1,021)   (1,038)
 Asia Pacific Africa                   45        126       (116)     309
 Other Automotive                      (139)     (139)     (408)     (469)
 Total Automotive (excl. special       $ 1,775   $ 2,226   $ 4,994   $ 5,973
 items)
 Special items -- Automotive           83        (498)     (406)     (1,257)
 Total Automotive                      $ 1,858   $ 1,728   $ 4,588   $ 4,716
 Financial Services
 Ford Credit                           $ 393     $ 427     $ 1,283   $ 1,388
 Other Financial Services              (5)       (64)      8         (71)
 Total Financial Services              $ 388     $ 363     $ 1,291   $ 1,317
 Total Company
 Pre-tax results                       $ 2,246   $ 2,091   $ 5,879   $ 6,033
 (Provision for)/Benefit from income   (613)     (818)     (1,810)   (1,914)
 taxes
 Net income                            $ 1,633   $ 1,273   $ 4,069   $ 4,119
 Less: Income/(Loss) attributable to  2         1         2         3
 non-controlling interests
  Net income attributable to Ford     $ 1,631   $ 1,272   $ 4,067   $ 4,116
 Memo: Excluding special items
 Pre-tax results                       $ 2,163   $ 2,589   $ 6,285   $ 7,290
 (Provision for)/Benefit from income   (587)     (767)     (1,928)   (1,991)
 taxes
 Less: Income/(Loss) attributable to  2         1         2         3
 non-controlling interests
 After-tax results                    $ 1,574   $ 1,821   $ 4,355   $ 5,296





TOTAL COMPANY
SPECIAL ITEMS
                                    Third Quarter        First Nine Months
                                    2012      2013       2012       2013
                                    (Mils.)   (Mils.)    (Mils.)    (Mils.)
   Personnel and Dealer-Related
   Items
   Separation-related actions*      $  (18)   $ (250)    $ (290)    $ (700)
   Mercury discontinuation / Other  (18)      —          (47)       —
   dealer actions
   Total Personnel and              $  (36)   $ (250)    $ (337)    $ (700)
   Dealer-Related Items
   Other Items
   U.S. pension lump sum program    $  —      $ (145)    $ —        $ (439)
   Loss on sale of two component    (1)       —          (174)      —
   businesses
   FCTA - subsidiary liquidation    —         (103)      (4)        (103)
   AAI consolidation                136       —          136        —
   Other                            (16)      —          (27)       (15)
   Total Other Items               $  119    $ (248)    $ (69)     $ (557)
    Total Special Items            $  83     $ (498)    $ (406)    $ (1,257)
   Tax Special Items                $  (26)   $ (51)     $ 118      $ 77
   Memo:
   Special Items impact on earnings $  0.01   $ (0.14)   $ (0.07)   $ (0.29)
   per share**
*  For 2013, primarily related to separation costs for personnel at the Genk
   and U.K. facilities
** Includes related tax effect on special items and tax special items





NET INTEREST RECONCILIATION TO GAAP
                                        Third Quarter       First Nine Months
                                        2012      2013      2012      2013
                                        (Mils.)   (Mils.)   (Mils.)   (Mils.)
  Interest expense (GAAP)               $ (198)   $ (204)   $ (571)   $ (617)
  Interest income (GAAP)                68        38        220       125
  Subtotal                             $ (130)   $ (166)   $ (351)   $ (492)
  Adjusted for items included /
  excluded from net interest:
  Include: Gains/(Losses) on cash      33        34        64        (7)
  equivalents & marketable securities*
  Include: Gains/(Losses) on           —         —         —         (18)
  extinguishment of debt
  Other                                 (19)      (29)      (55)      (80)
  Net Interest                          $ (116)   $ (161)   $ (342)   $ (597)
* Excludes mark-to-market adjustments of our investment in Mazda





AUTOMOTIVE SECTOR
GROSS CASH RECONCILIATION TO GAAP
                  2012                      2013
                  Sep. 30      Dec. 31      Mar. 31      Jun. 30      Sep. 30
                  (Bils.)      (Bils.)      (Bils.)      (Bils.)      (Bils.)
  Cash and cash   $  6.2       $  6.2       $  6.0       $  5.5       $  5.7
  equivalents
  Marketable      17.9         18.2         18.2         20.2         20.4
  securities
  Total cash and
  marketable      $  24.1      $  24.4      $  24.2      $  25.7      $  26.1
  securities
  (GAAP)
  Securities in   —            (0.1)        —            —            —
  transit*
  Gross cash      $  24.1      $  24.3      $  24.2      $  25.7      $  26.1
  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
                                           Third Quarter     First Nine Months
                                           2012     2013     2012      2013
                                           (Bils.)  (Bils.)  (Bils.)   (Bils.)
 Cash flows from operating activities of   $  1.4   $  2.0   $   4.1   $  6.4
 continuing operations (GAAP)
 Items included in operating-related cash
 flows
 Capital expenditures                      (1.3)    (1.5)    (3.6)     (4.6)
  Proceeds from the exercise of stock   —        0.1      —         0.3
 options
 Net cash flows from non-designated        (0.3)    (0.1)    (0.6)     (0.3)
 derivatives
 Items not included in operating-related
 cash flows
 Cash impact of Job Security Benefits and
 personnel-reduction                       —        0.1      0.3       0.2

 actions
 Pension contributions                     0.6      1.1      2.5       3.9
 Tax refunds and tax payments from         —        —        (0.1)     (0.3)
 affiliates
 Settlement of outstanding obligation with —        —        (0.3)     —
 affiliates
 Other                                     0.3      (0.1)    0.1       —
 Operating-related cash flows              $  0.7   $  1.6   $   2.4   $  5.6



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SOURCE Ford Motor Company

Website: http://corporate.ford.com
Contact: Media: Jay Cooney, 1.313.319.5477, jcoone17@ford.com; or Equity
Investment Community: Larry Heck, 1.313.594.0613, fordir@ford.com; or Fixed
Income Investment Community: Steve Dahle, 1.313.621.0881, fixedinc@ford.com;
or Shareholder Inquiries: 1.800.555.5259, 1.313.845.8540, stockinf@ford.com