þ | Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
o | Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
Delaware
(State of incorporation) |
38-0549190
(I.R.S. employer identification no.) |
|
One American Road, Dearborn, Michigan
(Address of principal executive offices) |
48126
(Zip code) |
Title of each class | Name of each exchange on which registered (a) | |
Common Stock, par value $.01 per share | New York Stock Exchange | |
7.50% Notes Due June 10, 2043 | New York Stock Exchange | |
Ford Motor Company Capital Trust II | New York Stock Exchange | |
6.50% Cumulative Convertible Trust Preferred | ||
Securities, liquidation preference $50 per share |
(a) | In addition, shares of Common Stock of Ford are listed on certain stock exchanges in Europe. |
Document | Where Incorporated | |
Proxy Statement* | Part III (Items 10, 11, 12, 13 and 14) |
* | As stated under various Items of this Report, only certain specified portions of such document are incorporated by reference in this Report. |
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(continued)
By-Laws as amended through December 14, 2006
Amendments to Deferred Compensation Plan, effective as of December 1, 2006
Annual Incentive Compensation Plan Metrics for 2007
Form of Final Award Notification Letter for 2006 Performance-Based Restricted Stock Equivalents
Description of Performance-Based Restricted Stock Units for 2007
Form of Final Award Notification Letter for 2004-2006 Performance Period
Description of Time-Based Restricted Stock Units
Amended and Restated Agreement between Ford Motor Company and Ford Motor Credit Company dated as of December 12, 2006
Description of Settlement of Special 2006-2008 Senior Executive Retention Program
Arrangement between Ford Motor Company and Mark Fields dated February 7, 2007
Description of Company Practices regarding Club Memberships for Executives
Description of Special Terms and Conditions for Stock Options Granted to Alan Mulally
Description of President and CEO
Compensation Arrangements
Credit Agreement dated as of December 15, 2006
Calculation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
List of Subsidiaries of Ford as of February 21, 2007
Consent of Independent Registered Public Accounting Firm
Powers of Attorney
Rule 15d-14(a) Certification of Chief
Executive Officer
Rule 15d-14(a) Certification of Chief Financial Officer
Section 1350 Certification of Chief
Executive Officer
Section 1350 Certification of
Chief Financial Officer
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Investor Information
Company Reports
U.S. S.E.C. EDGAR
Click here to continue on to view SEC Filings
Table of Contents
Business Sector
Reportable Segments
Description
Ford North America
Primarily includes the sale of Ford, Lincoln and Mercury brand vehicles and related service parts in North America (the United States, Canada and Mexico), together with the associated costs to design, develop, manufacture and service these vehicles and parts.
Ford South America
Primarily includes the sale of Ford-brand vehicles and related service parts in South America, together with the associated costs to design, develop, manufacture and service these vehicles and parts.
Ford Europe
Primarily includes the sale of Ford-brand vehicles and related service parts in Europe, Turkey and Russia, together with the associated costs to design, develop, manufacture and service these vehicles and parts.
Premier Automotive Group
Primarily includes the sale of Premier Automotive Group (PAG) brand vehicles (i.e., Volvo, Jaguar, Land Rover and Aston Martin) and related service parts throughout the world (including North and South America, Asia
Pacific and Africa), together with the associated costs to design, develop, manufacture and service these vehicles and parts.
Ford Asia Pacific and Africa/Mazda
Primarily includes the sale of Ford-brand vehicles and related service parts in the Asia Pacific region and South Africa, together with the associated costs to design, develop, manufacture and service these vehicles and parts, and our share of the results of
Mazda Motor Corporation (of which we own approximately 33.4%) and certain of our Mazda-related investments.
Ford Motor Credit Company
Primarily includes vehicle-related financing, leasing, and insurance.
Table of Contents
Number of Dealerships
Brand
at December 31, 2006*
9,480
1,971
1,515
2,352
1,376
871
125
*
Because many of these dealerships distribute more than one of our brands from the same sales
location, a single dealership may be counted under more than one brand.
Table of Contents
wholesale unit volumes;
the mix of vehicles and options sold;
the margin of profit on each vehicle sold;
the level of incentives (e.g., price discounts) and other marketing costs;
the costs for customer warranty claims and additional service actions; and
the costs for safety, emission and fuel economy technology and equipment.
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U.S. Industry Sales*
Years Ended December 31,
2006
2005
2004
2003
2002
8.1
7.9
7.7
7.8
8.2
9.0
9.6
9.6
9.2
8.9
17.1
17.5
17.3
17.0
17.1
*
Throughout this section, industry sales include sales of heavy trucks.
Table of Contents
U.S. Industry Vehicle Mix of Sales by Segment
Years Ended December 31,
2006
2005
2004
2003
2002
19.8
%
17.9
%
16.9
%
17.3
%
18.3
%
12.4
12.3
13.1
14.4
15.2
7.4
7.4
6.8
6.6
7.2
7.5
7.8
7.7
7.7
7.4
47.1
45.4
44.5
46.0
48.1
3.5
%
3.9
%
4.0
%
4.4
%
4.6
%
7.8
8.1
8.5
8.2
8.5
13.3
14.6
14.7
14.0
13.1
25.2
25.6
26.1
25.7
24.3
3.1
2.4
2.2
1.7
1.4
52.9
54.6
55.5
54.0
51.9
100.0
%
100.0
%
100.0
%
100.0
%
100.0
%
Ford Vehicle Mix of Sales by Segment in U.S.
Years Ended December 31,
2006
2005
2004
2003
2002
11.8
%
10.9
%
10.2
%
11.4
%
12.5
%
12.1
7.7
8.7
10.4
11.9
7.7
8.3
5.0
4.8
4.4
6.4
6.3
7.1
7.5
8.3
38.0
33.2
31.0
34.1
37.1
3.2
%
3.8
%
4.7
%
6.0
%
6.3
%
8.0
8.4
8.8
8.4
9.1
27.7
28.8
28.2
24.3
22.5
22.5
25.3
26.9
27.0
24.8
0.6
0.5
0.4
0.2
0.2
62.0
66.8
69.0
65.9
62.9
100.0
%
100.0
%
100.0
%
100.0
%
100.0
%
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U.S. Car Market Shares (a)
Years Ended December 31,
2006
2005
2004
2003
2002
6.4
%
6.1
%
6.1
%
6.9
%
7.8
%
10.0
10.2
10.7
11.6
12.1
5.2
5.1
4.8
4.5
4.8
8.6
7.4
6.3
6.0
5.6
4.9
4.8
4.9
4.9
4.9
3.2
3.3
3.0
3.0
2.9
8.8
8.5
8.7
9.1
10.0
47.1
%
45.4
%
44.5
%
46.0
%
48.1
%
U.S. Truck Market Shares (a)
Years Ended December 31,
2006
2005
2004
2003
2002
10.7
%
12.1
%
13.2
%
13.6
%
13.3
%
14.1
15.6
16.4
16.4
16.2
8.8
9.4
9.2
9.3
9.3
6.3
5.6
5.6
5.0
4.6
3.9
3.6
3.2
3.1
2.4
2.8
2.9
2.7
1.7
1.4
6.3
5.4
5.2
4.9
4.7
52.9
%
54.6
%
55.5
%
54.0
%
51.9
%
U.S. Combined Car and Truck Market Shares (a)
Years Ended December 31,
2006
2005
2004
2003
2002
17.1
%
18.2
%
19.3
%
20.5
%
21.1
%
24.1
25.8
27.1
28.0
28.3
14.0
14.5
14.0
13.8
14.1
14.9
13.0
11.9
11.0
10.2
8.8
8.4
8.1
8.0
7.3
6.0
6.2
5.7
4.7
4.3
15.1
13.9
13.9
14.0
14.7
100.0
%
100.0
%
100.0
%
100.0
%
100.0
%
(a)
All U.S. sales data are based on publicly available information from the media and trade
publications.
(b)
All Other includes primarily companies based in Korea, other Japanese manufacturers and
various European manufacturers, and, with respect to the U.S. Truck Market Shares table and
U.S. Combined Car and Truck Market Shares table, includes heavy truck manufacturers.
Ford Fleet Sales
Years Ended December 31,
2006
2005
2004
2003
2002
453
450
429
444
459
287
263
248
227
252
162
141
133
124
123
902
854
810
795
834
31
%
27
%
24
%
23
%
23
%
Table of Contents
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Industry Volumes
(in thousands)
Corporate Market Share
2006
2006
Over/(Under)
Over/(Under)
2006
2005
2005
2006
2005
2005
963
988
(25
)
(3
)%
11.9
%
14.9
%
(3.0) pts.
641
565
76
13
%
10.8
%
10.5
%
0.3 pts.
366
514
(148
)
(29
)%
14.8
%
11.0
%
3.8 pts.
673
700
(27
)
(4
)%
2.9
%
4.2
%
(1.3) pts.
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Retail financing.
Purchasing retail installment sales contracts and retail lease
contracts from dealers, and offering financing to commercial customers, primarily vehicle
leasing companies and fleet purchasers, to purchase or lease vehicle fleets;
Wholesale financing.
Making loans to dealers to finance the purchase of vehicle
inventory, also known as floorplan financing; and
Other financing.
Making loans to dealers for working capital, improvements to dealership
facilities, and the acquisition and refinancing of dealership real estate.
Years Ended
December 31,
2006
2005
2004
44
%
37
%
45
%
80
81
84
27
%
28
%
29
%
95
96
97
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2006
2005
128
140
13
13
66
66
45
49
18
18
13
14
283
300
2006
2005
$
32.38
$
31.64
38.13
33.26
$
70.51
$
64.90
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Distribution
Engineering,
Sales
Segment
Plants
Centers/Warehouses
Research/Development
Offices
54
*
31
39
38
7
1
0
0
19
7
5
10
14
3
4
16
13
3
2
5
107
45
50
69
*
We have announced plans to cease operations at a number of North
American manufacturing facilities as part of our restructuring
actions; the number above does not include plants that have been
idled to date. For further discussion of our restructuring actions,
see Item 7. Managements Discussion and Analysis of Financial
Condition and Results of Operations Overview. Included in the
table above are 13 plants operated by ACH; of these, we have reached
agreement in principle to sell three plants. We also have announced
that we intend to sell or idle all plants currently operated by ACH by
the end of 2008.
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AutoAlliance International (AAI)
a 50/50 joint venture with Mazda (of which we own
approximately 33.4%), which operates as its principal business an automobile vehicle
assembly plant in Flat Rock, Michigan. AAI currently produces the Mazda6 and Ford Mustang
models. Ford supplies all of the hourly and substantially all of the salaried labor
requirements to AAI, and AAI reimburses Ford for the full cost of that labor.
Ford Otosan
a joint venture in Turkey between Ford (41% partner), the Koc Group of
Turkey (41% partner) and public investors (18%) that is our single source supplier of the
Ford Transit Connect vehicle and our sole distributor of Ford vehicles in Turkey. In
addition, Ford Otosan makes the Ford Transit series and the Cargo truck for the Turkish and
export markets, and certain engines and transmissions, most of which are under license.
This joint venture owns and operates two plants and a parts distribution depot in Turkey.
Getrag Ford Transmissions GmbH
a 50/50 joint venture with Getrag Deutsche Venture GmbH
and Co. KG, a German company, to which we transferred our European manual transmission
operations in Halewood, England; Cologne, Germany; and Bordeaux, France. In 2004, Volvo Car
Corporation (Volvo Cars) transferred its manual transmission operations from its Köping,
Sweden plant to this joint venture. The Getrag joint venture produces manual transmissions
for our operations in Europe (Ford Europe and PAG). Ford currently supplies most of the
hourly and salaried labor requirements of the operations transferred to this Getrag joint
venture. Ford employees who worked at the manual transmission operations transferred at the
time of formation of the joint venture are assigned to the joint venture by Ford. In the
event of surplus labor at the joint venture, Ford employees assigned to the joint venture
may return to Ford. Employees hired in the future to work in these operations will be
employed directly by the joint venture. Getrag Ford Transmissions GmbH reimburses Ford for
the full cost of the hourly and salaried labor supplied by Ford. This joint venture
operates three plants.
Getrag All Wheel Drive AB
a joint venture in Sweden between Getrag Dana Holding GmbH
(Getrag/Dana) (60% partner) and Volvo Cars (40% partner). In January 2004, Volvo Cars
transferred to this joint venture its plant in Köping, Sweden. The joint venture produces
all-wheel drive components. As noted above, the manual transmission operations at the
Köping plant were transferred to Getrag Ford Transmissions GmbH. The hourly and salaried
employees at the plant have become employees of the joint venture.
Tekfor Cologne GmbH (Tekfor)
a 50/50 joint venture of Ford-Werke GmbH (Ford-Werke)
and Neumayer Tekfor GmbH, a German company, to which joint venture Ford-Werke transferred
the operations of the Ford forge in Cologne. The joint venture produces forged components,
primarily for transmissions and chassis, for use in Ford vehicles and for sale to third
parties. Those Ford employees who worked at the Cologne Forge Plant at the time of the
formation of the joint venture are assigned to Tekfor by Ford and remain Ford employees. In
the event of surplus labor at the joint venture, Ford employees assigned to Tekfor may
return to Ford. New workers at the joint venture will be hired as employees of the joint
venture. Tekfor reimburses Ford for the full cost of Ford employees assigned to the joint
venture. This joint venture operates one plant.
Pininfarina Sverige, AB
a joint venture between Volvo Cars (40% partner) and
Pininfarina, S.p.A. (Pininfarina) (60% partner). In September 2003, Volvo Cars and
Pininfarina established this joint venture for the engineering and manufacture of niche
vehicles, starting with a new, small convertible (Volvo C70), which is distributed by Volvo.
The joint venture began production of the new car at the Uddevalla Plant in Sweden, which
was transferred from Volvo Cars to the joint venture in December 2005, and is the joint
ventures only plant.
Ford Vietnam Limited
a joint venture between Ford (75% partner) and Song Cong Diesel
(25% partner). Ford Vietnam assembles and distributes several Ford vehicles in Vietnam,
including Escape, Everest, Focus, Mondeo, Ranger and Transit models. This joint venture
operates one plant.
Ford Lio Ho Motor Company Ltd. (FLH)
a joint venture in Taiwan among Ford (70%
partner), the Lio Ho Group (25% partner) and individual shareholders (5% ownership in
aggregate) that assembles a variety of Ford and Mazda vehicles sourced from Ford as well as
Mazda and Suzuki. In addition to domestic assembly, FLH also has
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AutoAlliance (Thailand) (AAT)
a joint venture among Ford (50%), Mazda (45%) and a
Thai affiliate of Mazdas (5%), which owns and operates a manufacturing plant in Rayong,
Thailand. AAT produces the Ford Everest, Ford Ranger and Mazda B-Series pickup trucks for
the Thai market and for export to over 100 countries worldwide (other than North America),
in both built-up and kit form.
Blue Diamond Truck, S de RL de CV
a joint venture between Ford (49% partner) and
International Truck and Engine Corporation (51% partner), a subsidiary of Navistar
International Corporation (Navistar). Blue Diamond Truck develops and manufactures
selected medium and light commercial trucks in Mexico and sells the vehicles to Ford and
Navistar for their own independent distribution. Blue Diamond Truck manufactures Ford
F-650/750 medium-duty commercial trucks that are sold in the United States and Canada;
Navistar medium-duty commercial trucks that are sold in Mexico; and a low-cab-forward,
light-/medium-duty commercial truck for each of Ford and Navistar.
Tenedora Nemak, S.A. de C.V.
a joint venture between Ford (15% partner) and a
subsidiary of Mexican conglomerate Alfa S.A. de C.V. (85% partner), which owns and operates,
among other facilities, our former Canadian castings operations, and supplies engine blocks
and heads to several of our engine plants. Ford supplies a portion of the hourly labor
requirements for the Canadian plants, for which it is fully reimbursed by the joint venture.
Changan Ford Mazda Automobile Corporation, Ltd. (CFMA)
a joint venture between Ford
(35% partner), Mazda (15% partner) and the Chongqing Changan Automobile Co., Ltd.
(Changan) (50% partner). Through its facility in the Chinese city of Chongqing, CFMA
produces and distributes in China the Ford Fiesta, Mondeo and Focus, the Mazda3 and the
Volvo S40. In 2005, CFMA received approval from the Chinese government for the
establishment of a new vehicle manufacturing plant in the Chinese city of Nanjing, which is
now under construction.
Changan Ford Mazda Engine Company, Ltd. (CFME)
a joint venture between Ford (25%
partner), Mazda (25% partner) and the Chongqing Changan Automobile Co., Ltd (50% partner).
CFME is located in the City of Nanjing, and will produce the Ford New I4 and Mazda BZ
engines in support of the assembly of Ford- and Mazda-branded vehicles manufactured in
China.
Jiangling Motors Corporation, Ltd. (JMC)
a publicly-traded company in China with Ford
(30% shareholder) and Jiangxi Jiangling Holdings, Ltd. (41% shareholder) as its controlling
shareholders. Jiangxi Jiangling Holdings, Ltd. is a 50/50 joint venture between Chongqing
Changan Automobile Co., Ltd. and Jiangling Motors Company Group. The public investors of
JMC own 29% of its outstanding shares. JMC assembles the Ford Transit van and other
non-Ford-technology-based vehicles for distribution in China.
Ford Malaysia Sdn. Bhd.
a joint venture between Ford (49% partner) and Tractors
Malaysia, a publicly-traded subsidiary of Sime Darby (51% partner). Ford Malaysia
distributes Ford vehicles assembled by its wholly-owned subsidiary Associated Motor
Industries Malaysia, Sdn. Bhd., an assembly company, including Econovan, Escape, Everest,
Laser and Ranger models.
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Present Position
Name
Position
Held Since
Age
Executive Chairman and Chairman of the Board
September 2006
49
President and Chief Executive Officer
September 2006
61
Executive Vice President -Ford
Europe and Premier Automotive Group;
Chairman -Jaguar, Land Rover,
Volvo and Ford Europe
October 2005
58
Executive Vice President -President, The Americas
October 2005
46
Executive Vice President and Chief Financial Officer
August 2003
55
Executive Vice President
October 2005
54
Group Vice President -Chairman and Chief Executive Officer, Ford Motor Credit Company
April 2004
57
Group Vice President -North America Marketing, Sales and Service
March 2006
55
Group Vice President -President and Chief Executive Officer, Ford Europe
October 2005
56
Group Vice President -Global Product Development
December 2006
55
Group Vice President -Corporate Human Resources and Labor Affairs
October 2003
54
Group Vice President -Design and Chief Creative Officer
August 2003
52
Group Vice President -Corporate Affairs
January 2004
39
Group Vice President -Asia Pacific, Africa and Mazda
September 2006
59
Group Vice President -Chief Technical Officer
August 2001
55
Senior Vice President and Controller
September 2006
60
Senior Vice President and General Counsel
April 2005
46
(a)
Also a Director, Chair of the Office of the Chairman and Chief Executive, Acting Chair of the Finance Committee and a member of
the Environmental and Public Policy Committee of the Board of Directors.
(b)
Also a Director and member of the Office of the Chairman and Chief Executive and the Finance Committee of the Board of
Directors.
(c)
Mr. Schulz has announced his intention to retire.
Table of Contents
Prior to joining Ford in September 2006, Mr. Mulally served as executive vice
president of The Boeing Company, and president and chief executive officer of Boeing
Commercial Airplanes. Mr. Mulally also was a member of Boeings Executive Council, and
served as Boeings senior executive in the Pacific Northwest. He was named Boeings
president of Commercial Airplanes in September 1998; the responsibility of chief executive
officer for the business unit was added in March 2001.
Mr. Leitch served as the Deputy Assistant and Deputy Counsel to President George
W. Bush from December 2002 to March 2005. From June 2001 until December 2002, he served as
Chief Counsel for the Federal Aviation Administration, overseeing a staff of 290 in
Washington and the agencys 11 regional offices. Prior to June 2001, Mr. Leitch was a
partner at Hogan & Hartson LLP in Washington DC, where his practice focused on appellate
litigation in state and federal court.
Mr. Ojakli served as Principal Deputy for Legislative Affairs for President
George W. Bush from December 2002 to 2003, and was Deputy Assistant to the President from
2001 to 2002. Prior to that, from 1998 to 2000, he was the Policy Director and Chief of
Staff to the Senate Republican Conference Secretary.
2005
2006
First
Second
Third
Fourth
First
Second
Third
Fourth
Quarter
Quarter
Quarter
Quarter
Quarter
Quarter
Quarter
Quarter
$
14.75
$
11.69
$
11.19
$
10.00
$
8.96
$
8.05
$
9.48
$
9.19
10.94
9.07
9.55
7.57
7.39
6.17
6.06
6.85
$
0.10
$
0.10
$
0.10
$
0.10
$
0.10
$
0.10
$
0.05
$
0.00
(a)
New York Stock Exchange composite interday prices as listed in the price history database available at www.NYSEnet.com.
(b)
On December 15, 2006, we entered into a new secured credit facility which contains a covenant prohibiting us from
paying any dividends (other than dividends payable solely in stock) on our Common and Class B Stock, subject to
certain limited exceptions. As a result, it is unlikely that we will pay any dividends in the foreseeable future.
See Note 15 of the Notes to the Financial Statements for more information regarding the secured credit facility and
related covenants.
Table of Contents
Total Number of
Shares
Maximum Number
Average
Purchased
(or Approximate Dollar Value)
Total Number
Price
as Part of Publicly
of Shares that May Yet Be
of Shares
Paid
Announced Plans
Purchased Under the
Period
Purchased*
per Share
or Programs
Plans or Programs
No publicly announced
1,731,686
$
8.21
0
repurchase program in place
No publicly announced
1,691,819
$
8.61
0
repurchase program in place
No publicly announced
2,124,176
$
7.32
0
repurchase program in place
5,547,681
$
7.99
0
*
We currently do not have a publicly announced repurchase program in place. Of the 5,547,681
shares purchased, 5,532,458 shares were purchased from the Ford Motor Company Savings and
Stock Investment Plan for Salaried Employees (SSIP) and the Tax Efficient Savings Plan for
Hourly Employees (TESPHE). Shares are generally purchased from SSIP and TESPHE when
participants in those plans elect to sell units in the Ford Stock Fund upon retirement, upon
termination of employment with the Company, related to an in-service distribution, or to fund
a loan against an existing account balance in the Ford Stock Fund. Shares are not purchased
from these plans when a participant transfers account balances out of the Ford Stock Fund and
into another investment option under the plans. For the full year 2006, we purchased
23,766,410 shares on such basis from participants in SSIP and TESPHE. The remaining shares
were acquired from our employees or directors in accordance with our various compensation
plans as a result of share withholdings to pay income taxes with respect to: (i) the lapse of
restrictions on restricted stock, (ii) the issuance of unrestricted stock, including issuances
as a result of the conversion of restricted stock equivalents, or (iii) to pay the exercise
price and related income taxes with respect to certain exercises of stock options.
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Restructuring the Company to be profitable at lower volumes and with a changed vehicle mix;
Accelerating product development and reducing manufacturing complexity;
Obtaining and maintaining adequate liquidity to fund the first two priorities; and
Working together through teamwork and accountability.
Table of Contents
2008 Projected
Assembly
Capacity
Capacity
Utilization
Capacity Measure
(mil. units)
(percent)
3.6
84
%
3.0
100
%
*
Based on a two-shift operating pattern
Atlanta Assembly Plant (idled in 2006);
Batavia Transmission Plant (to be idled in 2008);
Essex Engine Plant (to be idled in 2007);
Maumee Stamping Plant (to be idled in 2008);
Norfolk Assembly Plant (to be idled in 2007);
St. Louis Assembly Plant (idled in 2006);
Twin Cities Assembly Plant (to be idled in 2008);
Windsor Casting Plant (to be idled in 2007); and
Wixom Assembly Plant (to be idled in 2007).
Table of Contents
Ford North America
: the all-new Ford Edge and Lincoln MKX crossover models,
substantially new versions of the Ford Expedition and Lincoln Navigator models, new
models of our segment-leading Ford Super Duty trucks, and new versions of the Lincoln
MKZ sedan and Ford Escape and Mercury Mariner compact sport utility vehicles and
hybrids;
Ford Europe
: the award-winning Ford S-MAX crossover vehicle (named Car of the Year
2007 in Europe), Galaxy minivan, and Transit truck (named International Van of the
Year 2007 in Europe); and
PAG
: Jaguar XKR coupe, Land Rover/Freelander/LR2 SUVs, Volvo S80 sedan and Volvo
C30 coupe.
Table of Contents
Sales volume and mix of products stabilizing in North America, with U.S. market share
in the 14% to 15% range for Ford, Lincoln and Mercury brands, and lower fleet sales as a
percentage of total sales. This in part reflects cessation in 2006 of production of the
Ford Taurus sedan in Atlanta and Ford Freestar and Mercury Monterey minivans in
Oakville, Ontario. In addition, we expect growth in sales volumes outside the United
States.
Cumulative reduction in annual operating costs for our Ford North America segment of about
$5 billion by the end of 2008 compared with 2005, largely reflecting the personnel and
capacity reductions discussed above, and continuing cost improvements in 2009.
Table of Contents
2006
2005
2004
$
(17,017
)
$
(3,874
)
$
(178
)
1,966
4,953
4,287
(15,051
)
1,079
4,109
(2,646
)
(845
)
643
210
280
282
(12,615
)
1,644
3,184
2
47
(146
)
(251
)
$
(12,613
)
$
1,440
$
3,038
(a)
See Note 18 of the Notes to the Financial Statements for disclosure regarding 2006
effective tax rate.
(b)
Primarily related to Ford Europes consolidated 41%-owned affiliate, Ford Otosan; the
decrease in 2006 primarily reflected the impact on deferred tax balances of tax law changes in
Turkey. The pre-tax results for Ford Otosan were $509 million in 2006, $503 million in 2005,
and $452 million in 2004. See Item 2. Properties for additional discussion of Ford Otosan.
(c)
See Note 27 of the Notes to the Financial Statements.
2006
2005
2004
$
(4,760
)
$
(401
)
$
(2,741
)
(2,200
)
(281
)
(468
)
(600
)
(116
)
(182
)
(59
)
85
(9,982
)
(959
)
(782
)
110
(84
)
(510
)
(49
)
(1,600
)
(1,300
)
(378
)
(245
)
(110
)
(103
)
(33
)
115
14
(81
)
152
17
(11,922
)
(2,881
)
(1,005
)
1,499
45
$
(11,922
)
$
(1,382
)
$
(960
)
(a)
See Note 17 of the Notes to the Financial Statements for definition and discussion of Jobs
Bank Benefits.
(b)
See Notes 19 and 23 of the Notes to the Financial Statements for discussion of
Visteon-related charges.
Table of Contents
2006
Over/
(Under)
2006
2005
2005
$
(15,969
)
$
(2,444
)
$
(13,525
)
661
399
262
(15,308
)
(2,045
)
(13,263
)
371
(437
)
808
(2,322
)
(1,634
)
(688
)
(1,951
)
(2,071
)
120
(250
)
42
(292
)
245
255
(10
)
(5
)
297
(302
)
247
(55
)
302
$
(17,017
)
$
(3,874
)
$
(13,143
)
Sales
Wholesales (a)
(in billions)
(in thousands)
2006
2006
Over/(Under)
Over/(Under)
2006
2005
2005
2006
2005
2005
$
69.4
$
80.6
$
(11.2
)
(14
)%
3,051
3,410
(359
)
(11
)%
5.7
4.4
1.3
30
381
335
46
14
75.1
85.0
(9.9
)
(12
)
3,432
3,745
(313
)
(8
)
30.4
29.9
0.5
2
1,846
1,753
93
5
30.0
30.3
(0.3
)
(1
)
730
764
(34
)
(4
)
60.4
60.2
0.2
2,576
2,517
59
2
6.5
7.7
(1.2
)
(15
)
517
473
44
9
1.3
0.6
0.7
72
32
40
7.8
8.3
(0.5
)
(6
)
589
505
84
17
$
143.3
$
153.5
$
(10.2
)
(7
)%
6,597
6,767
(170
)
(3
)%
(a)
Wholesale unit volumes generally are reported on a where-sold basis,
and include all Ford-badged units and units manufactured by Ford that
are sold to other manufacturers, as well as units distributed for
other manufacturers. Vehicles sold to daily rental car companies that
are subject to a guaranteed repurchase option, as well as other sales
of finished vehicles for which the recognition of revenue is deferred
(e.g., consignments), are included in wholesale unit volumes. For a
discussion of our revenue recognition policy for these sales, see Note
2 of the Notes to the Financial Statements.
(b)
Included in wholesale unit volumes of Ford Asia Pacific and Africa are
Ford-badged vehicles sold in China and Malaysia by certain
unconsolidated affiliates totaling about 159,000 and 87,000 units in
2006 and 2005, respectively. Sales above does not include revenue
from these units.
(c)
Reflects sales of Mazda6 by our consolidated subsidiary, AutoAlliance
International, Inc. (AAI), beginning with the consolidation of AAI
in the third quarter of 2005. See Note 13 of the Notes to the
Financial Statements.
Table of Contents
Dealer-Owned Stocks (a)
Market Share
(in thousands)
2006
2006
Over/(Under)
Over/(Under)
Market
2006
2005
2005
2006
2005
2005
16.0
%
17.0
%
(1.0
)pts.
570
733
(163
)
11.5
12.0
(0.5
)
40
33
7
8.5
8.5
322
342
(20
)
1.1/2.1
1.2/2.2
(0.1)/(0.1
)
34/67
45/69
(11)/(2
)
2.4
2.4
50
50
(a)
Dealer-owned stocks represent our estimate of vehicles shipped to our customers (dealers) and not yet sold by the
dealers to their retail customers, as well as some vehicles reflected in our inventory.
(b)
Includes only Ford and, in certain markets (primarily U.S.), Lincoln and Mercury brands.
(c)
South America market share is based on vehicle retail sales for our six major markets (Argentina,
Brazil, Chile, Colombia, Ecuador, and Venezuela).
(d)
European 2006 market share is based, in part, on estimated
vehicle registrations for our 19 major European markets. See
"Item 1. Business'' for discussion of these markets.
(e)
Asia Pacific and Africa 2006 market share is based on estimated vehicle retail sales for our 12 major markets
(Australia, China, Japan, India, Indonesia, Malaysia, New Zealand,
Philippines, South Africa, Taiwan, Thailand, and
Vietnam).
(f)
Dealer-owned stocks for Asia Pacific and Africa include primarily Ford-brand vehicles as well as a small number of
units distributed for other manufacturers.
2006 Better/(Worse)
Than
Explanation of Cost Changes
2005
Primarily hourly and salaried personnel reductions and continued improvements in our plants and processes.
$ 1.0
Primarily improvements beginning in
the third quarter associated with our retiree health cost sharing agreement with the UAW, and improvements related to revisions to our salaried benefit plans, offset partially by the impact of reducing the discount rate and long-term expected return assumptions.
0.5
Primarily related to salaried personnel reductions.
0.4
Pricing reductions from our suppliers and net design cost reductions, offset primarily by commodity price increases.
0.1
Acceleration of depreciation
resulting from ongoing improvement plans including the announced facility idlings, offset partially by the favorable impact of impairment charges for long-lived assets and the favorable impact of the change in special tooling amortization methodology.
(0.1
)
Primarily reflects adjustments to Jaguar and Land Rover warranty accruals related to unfavorable prior model-year performance and the non-recurrence in 2006 of favorable reserve adjustments, offset partially by favorable coverage performance in Ford North America.
(0.1
)
Primarily increased advertising costs.
(0.3
)
$ 1.5
Table of Contents
Table of Contents
2005
Over/
(Under)
2005
2004
2004
$
(2,444
)
$
525
$
(2,969
)
399
144
255
(2,045
)
669
(2,714
)
(437
)
177
(614
)
(1,634
)
(830
)
(804
)
(2,071
)
(653
)
(1,418
)
42
(36
)
78
255
118
137
297
82
215
(55
)
(276
)
221
$
(3,874
)
$
(178
)
$
(3,696
)
Sales
Wholesales (a)
(in billions)
(in thousands)
2005
2005
Over/(Under)
Over/(Under)
2005
2004
2004
2005
2004
2004
$
80.6
$
83.0
$
(2.4
)
(3
)%
3,410
3,613
(203
)
(6
)%
4.4
3.0
1.4
46
335
291
44
15
85.0
86.0
(1.0
)
(1
)
3,745
3,904
(159
)
(4
)
29.9
26.5
3.4
13
1,753
1,736
17
1
30.3
27.6
2.7
10
764
773
(9
)
(1
)
60.2
54.1
6.1
11
2,517
2,509
8
7.7
7.0
0.7
10
473
429
44
10
0.6
0.6
32
32
8.3
7.0
1.3
19
505
429
76
18
$
153.5
$
147.1
$
6.4
4
%
6,767
6,842
(75
)
(1
)%
(a)
Wholesale unit volumes generally are reported on a where-sold basis,
and include all Ford-badged units and units manufactured by Ford that
are sold to other manufacturers, as well as units distributed for
other manufacturers. Vehicles sold to daily rental car companies that
are subject to a guaranteed repurchase option, as well as other sales
of finished vehicles for which the recognition of revenue is deferred
(e.g., consignments), are included in wholesale unit volumes. For a
discussion of our revenue recognition policy for such sales, see Note
2 of the Notes to the Financial Statements.
(b)
Included in wholesales of Ford Asia Pacific and Africa are Ford-badged
vehicles sold in China and Malaysia by certain unconsolidated
affiliates totaling about 87,000 and 66,000 units in 2005 and 2004,
respectively. Sales above does not include revenue from these
units.
(c)
Reflects sales of Mazda6 by our consolidated subsidiary, AAI,
beginning with the consolidation of AAI in the third quarter of 2005.
See Note 13 of the Notes to the Financial Statements.
Table of Contents
Dealer-Owned Stocks
(a)
Market Share
(in thousands)
2005
2005
Over/(Under)
Over/(Under)
Market
2005
2004
2004
2005
2004
2004
17.0
%
18.0
%
(1.0
)pts.
733
794
(61
)
12.0
11.9
0.1
33
29
4
8.5
8.6
(0.1
)
342
356
(14
)
1.2/2.2
1.3/2.3
(0.1)/(0.1
)
45/69
41/68
4/1
2.4
2.3
0.1
50
46
4
(a)
Dealer-owned stocks represent our estimate of vehicles shipped to our customers (dealers) and not yet sold by
the dealers to their retail customers, as well as some vehicles reflected in our inventory.
(b)
Includes only Ford and, in certain markets (primarily U.S.), Lincoln and Mercury brands.
(c)
South America market share is based on vehicle retail sales for our six major markets (Argentina,
Brazil, Chile, Colombia, Ecuador, and Venezuela).
(d)
European market share is based, in part, on vehicle registrations for our 19 major European markets.
(e)
Asia Pacific and Africa market share is based on vehicle retail sales for our 12 major markets
(Australia, China, Japan, India, Indonesia, Malaysia, New Zealand, Philippines, South Africa, Taiwan,
Thailand, and Vietnam).
(f)
Dealer-owned stocks for Asia Pacific and Africa include primarily Ford-brand vehicles as well as a small
number of units distributed for other manufacturers.
Table of Contents
Revenues
Income/(Loss) Before Income Taxes
(in billions)
(in millions)
2006
2006
Over/(Under)
Over/(Under)
2006
2005
2005
2006
2005
2005
$
16.5
$
15.9
$
0.6
$
1,953
$
2,923
$
(970
)
0.3
0.1
0.2
13
(39
)
52
7.4
(7.4
)
974
(974
)
1,095
(1,095
)
$
16.8
$
23.4
$
(6.6
)
$
1,966
$
4,953
$
(2,987
)
*
The segment presentation of the gain on sale of Hertz in Note 24 of the Notes to the
Financial Statements is $1,006 million in the Hertz segment and $89 million in Other Financial
Services.
On-balance sheet basis
. Includes the receivables and leases Ford Credit owns and
securitized receivables and leases that remain on Ford Credits balance sheet (including
other structured financings and factoring transactions that have features similar to
securitizations);
Table of Contents
Securitized off-balance sheet basi
s. Includes receivables sold in securitization
transactions that are not reflected on Ford Credits balance sheet;
Managed basis
. Includes on-balance sheet and securitized off-balance sheet receivables
and leases that Ford Credit continues to service; and
Serviced basis
. Includes managed receivables and leases and receivables sold in
whole-loan sale transactions where Ford Credit retains no interest in the sold receivables,
but which it continues to service.
December 31,
2006
2005
$
70.4
$
65.7
35.2
39.6
3.8
4.6
109.4
109.9
25.9
22.2
$
135.3
$
132.1
$
1.1
$
1.6
$
12.2
$
18.0
12.2
18.0
$
12.2
$
18.0
$
82.6
$
83.7
35.2
39.6
3.8
4.6
121.6
127.9
25.9
22.2
$
147.5
$
150.1
$
149.5
$
153.0
*
At December 31, 2006 and 2005, includes finance receivables of $56.5 billion and $44.7
billion, respectively, that have been sold for legal purposes in securitizations that do not
satisfy the requirements for accounting sale treatment. In addition, at December 31, 2006 and
2005, includes net investment in operating leases of $17.3 billion and $6.5 billion,
respectively, that have been sold for legal purposes in securitizations that do not satisfy
the requirements for accounting sale treatment. These underlying securitized assets are
available only for payment of the debt or other obligations issued or arising in the
securitization transactions; they are not available to pay Ford Credits other obligations or
the claims of Ford Credits other creditors.
Table of Contents
2006
Over/(Under)
2006
2005
2005
$
465
$
681
$
(216
)
44
23
21
14
2
12
$
523
$
706
$
(183
)
$
2
$
22
$
(20
)
$
84
$
127
$
(43
)
$
84
$
127
$
(43
)
$
551
$
830
$
(279
)
44
23
21
14
2
12
$
609
$
855
$
(246
)
0.50
%
0.72
%
(0.22
) pts.
0.12
0.09
0.03
0.39
%
0.57
%
(0.18
) pts.
0.51
%
0.73
%
(0.22
) pts.
0.12
0.06
0.06
0.41
%
0.54
%
(0.13
) pts.
*
Reacquired receivables reflect the amount of receivables that resulted from the accounting
consolidation of Ford Credits FCAR Owner Trust retail securitization program (FCAR) in the
second quarter of 2003.
2006
2005
$
1.6
$
2.4
0.1
0.2
1.0
1.2
(0.5
)
(0.5
)
0.5
0.7
0.1
0.3
0.6
1.0
$
1.1
$
1.6
0.81
%
1.19
%
Table of Contents
Income/(Loss) Before Income Taxes
(in millions)
2005
Over/(Under)
2005
2004
2004
$
2,923
$
3,710
$
(787
)
(39
)
84
(123
)
974
493
481
1,095
1,095
$
4,953
$
4,287
$
666
(a)
Includes amortization expense related to intangibles recognized upon consolidation of Hertz.
(b)
The segment presentation of the gain on sale of Hertz in Note 24 of the Notes to the
Financial Statements is $1,006 million in the Hertz segment and $89 million in Other Financial
Services.
Table of Contents
December 31,
2006
2005
2004
$
16.0
$
13.4
$
10.1
11.3
6.9
8.3
5.3
3.4
1.1
32.6
23.7
19.5
(0.5
)
1.8
1.4
4.1
$
33.9
$
25.1
$
23.6
*
The purchase or sale of marketable securities for which the cash settlement was not made by period-end.
Table of Contents
2006
2005
2004
$
33.9
$
25.1
$
23.6
25.1
23.6
25.9
$
8.8
$
1.5
$
(2.3
)
$
(17.0
)
$
(3.9
)
$
(0.2
)
11.9
2.9
1.0
(6.8
)
(7.1
)
(6.3
)
7.1
6.9
6.4
(2.0
)
1.3
(1.1
)
1.2
(1.4
)
1.4
(5.6
)
(1.3
)
1.2
(1.2
)
(0.4
)
(0.8
)
(2.5
)
(2.2
)
3.4
(0.2
)
(2.8
)
1.4
2.3
4.2
0.2
5.3
0.4
(0.5
)
(0.7
)
(0.7
)
11.7
(0.5
)
(2.4
)
0.2
(0.5
)
$
8.8
$
1.5
$
(2.3
)
(a)
In 2006, working capital changes reflected the impact of lower production volumes on accounts payable, the
effect on inventory of several new product launches at year end, and
changes in our value-added tax
receivables collection process in Europe.
(b)
Primarily expense and payment timing differences for items such as pension and OPEB, marketing, and warranty.
(c)
Primarily dividends received from Ford Credit, excluding proceeds from Financial Services sector
divestitures paid to the Automotive sector. Beginning in 2007, Ford Credit will suspend its regular dividend
payments.
(d)
In 2006, primarily proceeds from tax refunds (an inflow of about $300 million), the net issuance of Ford
Common Stock under employee savings plans (an inflow of about $200 million), and dividends to minority
shareholders of consolidated subsidiaries (an outflow of about $200 million).
2006
2005
2004
$
(4.2
)
$
5.4
$
7.0
(6.8
)
(7.1
)
(6.3
)
(0.5
)
(0.4
)
1.3
1.2
0.4
6.8
0.6
(5.6
)
0.8
2.5
2.2
(2.9
)
(2.8
)
2.8
0.1
(0.2
)
$
(5.6
)
$
(1.3
)
$
1.2
*
Primarily payables and receivables between the sectors in the normal course of business.
Table of Contents
Table of Contents
2007
Forecast
2006
2005
$
3 - 5
$
9
$
9
7 - 15
14
12
$
10 - 20
$
23
$
21
$
25 - 35
$
29
$
18
*
Includes securitizations, term debt, and whole-loan sales; excludes Ford Credits on-balance
sheet asset-backed commercial paper programs and proceeds from revolving transactions.
Table of Contents
=
Total Debt
Total Debt
+
Securitized
Off-Balance
Sheet
Receivables
-
Retained
Interest in
Securitized
Off-Balance
Sheet
Receivables
-
Cash
and Cash
Equivalents
and Marketable
Securities *
-
Fair Value
Hedge
Accounting
Adjustments
on Total Debt
=
Equity
+
Minority
Interest
-
Fair Value
Hedge
Accounting
Adjustments
on Equity
*
Excluding marketable securities related to insurance activities.
December 31,
2006
2005
2004
$
139.7
$
133.4
$
142.4
11.8
11.4
12.8
11.9
11.7
11.1
December 31,
2006
2005
2004
$
139.7
$
133.4
$
142.4
12.2
18.0
37.7
(1.0
)
(1.4
)
(9.5
)
(21.8
)
(17.9
)
(12.7
)
(0.1
)
(0.5
)
(1.3
)
$
129.0
$
131.6
$
156.6
$
11.8
$
11.4
$
12.8
(0.5
)
(0.7
)
(1.3
)
$
11.3
$
10.7
$
11.5
11.4
12.3
13.6
(a)
Includes securitized funding from discontinued operations in 2004.
(b)
Includes retained interest in securitized receivables from discontinued operations in 2004.
(c)
Excluding marketable securities related to insurance activities.
Table of Contents
Dominion Bond Rating Service Limited (DBRS);
Fitch, Inc. (Fitch);
Moodys Investors Service, Inc. (Moodys); and
Standard & Poors Rating Services, a division of The McGraw-Hill Companies, Inc. (S&P).
Table of Contents
DBRS: In November 2006, DBRS assigned Ford an issuer rating of B (low), lowered Fords
long-term senior unsecured rating to CCC (high) from B, rated Fords senior secured credit facilities at B (high), and maintained the trend at
Negative.
Fitch: In November 2006, Fitch lowered Fords long-term senior unsecured rating to B from
B+, rated Fords senior secured credit facilities at BB and maintained the outlook at
Negative. In December 2006, Fitch lowered Fords long-term senior unsecured rating to B- from
B and maintained the outlook at Negative. Fords issuer default rating of B was unaffected.
Moodys: In November 2006, Moodys affirmed Fords corporate
rating at B3, lowered Fords long-term senior unsecured rating to
Caa1 from B3, rated Fords senior secured credit facilities at Ba3, and maintained the outlook at Negative.
S&P: In November 2006, S&P affirmed Fords issuer credit rating at B, lowered Fords long-term senior unsecured rating to CCC+ from
B, rated Fords senior secured credit facilities at
B, and maintained the outlook at Negative.
DBRS: In November 2006, DBRS lowered Ford Credits long-term senior unsecured rating to B
from B (high), maintained the short-term rating at R-4, and maintained the trend at Negative.
S&P, Moodys and Fitch: No ratings actions taken in the fourth quarter of 2006.
Ford
Ford Credit
Issuer Default/
Long-Term
Long-Term
Corporate/ Issuer
Senior
Senior
Outlook /
Senior
Short-Term
Outlook /
Rating
Unsecured
Secured
Trend
Unsecured
Unsecured
Trend
B (low)
CCC (high)
B (high)
Negative
B
R-4
Negative
B
B-
BB
Negative
BB-
B
Negative
B3
Caa1
Ba3
Negative
B1
NP
Negative
B
CCC+
B
Negative
B*
B-3
Negative
*
S&P rates FCE long-term senior unsecured rating as B+, maintaining a one notch differential
versus Ford Credit.
First Quarter
2007
Vehicle Unit
Over/(Under)
Production
2006
740
(136
)
520
29
210
15
16.8
17.6
Lower
Table of Contents
Improved
Lower
Higher
Lower
Negative
About $7
*
At constant volume, mix and exchange; excluding special items.
Table of Contents
Continued decline in market share;
Continued or increased price competition resulting from industry overcapacity, currency fluctuations or other factors;
A market shift (or an increase in or acceleration of market shift) away from sales of
trucks or sport utility vehicles, or from sales of other more profitable vehicles in the
United States;
A significant decline in industry sales, particularly in the United States or Europe,
resulting from slowing economic growth, geo-political events or other factors;
Lower-than-anticipated market acceptance of new or existing products;
Continued or increased high prices for or reduced availability of fuel;
Currency or commodity price fluctuations;
Adverse effects from the bankruptcy or insolvency of a major competitor;
Economic distress of suppliers that has in the past and may in the future require us to
provide financial support or take other measures to ensure supplies of components or
materials;
Labor or other constraints on our ability to restructure our business;
Work stoppages at Ford or supplier facilities or other interruptions of supplies;
Single-source supply of components or materials;
Substantial pension and postretirement healthcare and life insurance liabilities impairing our liquidity or financial condition;
Worse-than-assumed economic and demographic experience for our postretirement benefit plans
(e.g., discount rates, investment returns, and health care cost trends);
The discovery of defects in vehicles resulting in delays in new model launches, recall
campaigns or increased warranty costs;
Increased safety, emissions (e.g., CO
2
), fuel economy or other (e.g., pension
funding) regulation resulting in higher costs, cash expenditures, and/or sales restrictions;
Unusual or significant litigation or governmental investigations arising out of alleged
defects in our products or otherwise;
A change in our requirements for parts or materials where we have entered into long-term
supply arrangements that commit us to purchase minimum or fixed quantities of certain parts or
materials, or to pay a minimum amount to the seller (take-or-pay contracts);
Adverse effects on our operations resulting from certain geo-political or other
events;
Substantial negative Automotive operating-related cash flows for the near- to
medium-term affecting our ability to meet our obligations, invest in our business or refinance
our debt;
Substantial levels of Automotive indebtedness adversely affecting our financial condition
or preventing us from fulfilling our debt obligations (which may grow because we are able to
incur substantially more debt, including additional secured debt);
Inability of Ford Credit to access debt or securitization markets around the world at
competitive rates or in sufficient amounts due to additional credit rating downgrades or otherwise;
Higher-than-expected credit losses;
Increased competition from banks or other financial institutions seeking to increase their share of financing Ford vehicles;
Changes in interest rates;
Collection and servicing problems related to finance receivables and net investment in operating leases;
Lower-than-anticipated residual values or higher-than-expected return volumes for leased vehicles; and
New or increased credit, consumer or data protection or other regulations
resulting in higher costs and/or additional financing restrictions.
Table of Contents
Discount rates.
We base the discount rate assumption primarily on the results of a cash
flow matching analysis, which matches the future cash outflows for each major plan to a
yield curve comprised of high quality bonds specific to the country of the plan. Benefit
payments are discounted at the rates on the curve and a single discount rate specific to
the plan is determined.
Expected return on plan assets.
The expected return on plan assets assumption reflects
historical plan returns and long-run inputs from a range of advisors for capital market
returns, inflation, bond yields, and other variables, adjusted for specific aspects of our
investment strategy. The assumption is based on consideration of all inputs, with a focus
on long-term trends to avoid short-term market influences. Assumptions are not changed
unless structural trends in the underlying economy are identified, our asset strategy
changes, or there are significant changes in other inputs.
Salary growth.
The salary growth assumption reflects our long-term actual experience,
outlook and assumed inflation.
Table of Contents
Inflation.
Our inflation assumption is based on an evaluation of external market
indicators.
Expected contributions.
The expected amount and timing of contributions is based on an
assessment of minimum requirements, and additional amounts based on cash availability and
other considerations (e.g., funded status, avoidance of Pension Benefit Guaranty
Corporation (PBGC) penalty premiums, U.K. Pension Protection Fund levies, and tax
efficiency).
Retirement rates.
Retirement rates are developed to reflect actual and projected plan experience.
Mortality rates
. Mortality rates are developed to reflect actual and projected plan experience.
Increase/(Decrease) in:
December 31, 2006
Percentage
U.S. Plans
Non-U.S. Plans
Total Plans
2007 Expense
Point
Funded Status
Funded Status
Funded Status
Assumption
Change
and Equity
and Equity
and Equity
U.S. Plans
Non-U.S. Plans
+/- 1.0 pt.
$4,690/$(5,230)
$4,630/$(5,440)
$9,320/$(10,670)
$10/$290
$(380)/$460
+/- 1.0
400/(400)
240/(240)
640/(640)
(10)/10
(10)/10
+/- 1.0
(410)/410
(240)/240
Table of Contents
Discount rates.
We base the discount rate assumption primarily on the results of a cash
flow matching analysis, which matches the future cash outflows for each plan to a yield
curve comprised of high quality bonds specific to the country of the plan. Benefit
payments are discounted at the rates on the curve and a single discount rate specific to
the plan is determined.
Health care cost trends.
Our health care cost trend assumptions are developed based on
historical cost data, the near-term outlook, anticipated efficiencies and other
cost-mitigation actions (including eligibility management, employee education and wellness,
competitive sourcing and appropriate employee cost sharing) and an assessment of likely
long-term trends.
Expected return on plan assets.
The expected return on plan assets assumption reflects
external investment managers expectations of likely returns on short-duration VEBA assets
over the next several years.
Salary growth.
The salary growth assumptions reflect our long-term actual experience,
outlook and assumed inflation.
Expected VEBA contributions/drawdowns.
The expected amount and timing of
contributions/drawdowns is based on an assessment of hourly retiree benefit payments to be
reimbursed, tax efficiency, and cash availability.
Retirement rates.
Retirement rates are developed to reflect actual and projected plan experience.
Mortality rates.
Mortality rates are developed to reflect actual and projected plan experience.
Effect on U.S. and Canadian Plans:
Increase/(Decrease)
Percentage
December 31, 2006
Point
Funded Status
Assumption
Change
and Equity
2007 Expense
+/- 1.0 pt.
$
3,830/$(4,580
)
$
(340)/$390
+/- 1.0
(4,580)/3,640
680/(540)
+/- 1.0
(4,580)/3,640
340/(270)
Table of Contents
Frequency.
The number of finance receivables and operating lease contracts that Ford
Credit expects will default over a period of time, measured as repossessions; and
Loss severity.
The expected difference between the amounts a customer owes Ford Credit
when they charge off the finance contract and the amount Ford Credit receives, net of
expenses, from selling the repossessed vehicle, including any recoveries from the customer.
Increase/(Decrease)
Percentage
December 31, 2006
Point
Allowance for
2006
Assumption
Change
Credit Losses
Expense
+/- 0.1 pt.
$30/$(30
)
$30/$(30
)
+/- 1.0
5/(5)
5/(5)
*
Reflects the number of finance receivables and operating lease contracts that Ford Credit
expects will default over a period of time relative to the average number of contracts
outstanding.
Table of Contents
Auction value
. The market value of the vehicles when we sell them at the end of the lease; and
Return volume.
The number of vehicles that will be returned to us at lease end.
Table of Contents
Table of Contents
FCAR.
If the credit enhancement on any asset-backed security held by FCAR is
reduced to zero, FCAR may not purchase any additional asset-backed securities and would
wind down its operations. In addition, if credit losses or delinquencies in Ford Credits
portfolio of retail, wholesale or lease assets exceed specified levels, FCAR is not
permitted to purchase additional asset-backed securities of the affected type for so long
as such levels are exceeded.
Retail Conduits.
If credit losses or delinquencies on the pool of assets held
by a conduit exceed specified levels, or if the level of over-collateralization for such
pool decreases below a specified level, Ford Credit would not have the right to sell
additional pools of assets to that conduit.
Wholesale Securitization (including Motown Notes).
If the payment rates on
wholesale receivables are lower than specified levels, or if there are significant dealer
defaults, Ford Credit would be unable to obtain additional funding and any existing funding
would begin to amortize.
Table of Contents
Payments Due by Period
Financial
2008-
2010-
2012 and
Automotive
Services
Total
2007
2009
2011
Thereafter
$
28,938
$
115,859
$
144,797
$
35,523
$
46,689
$
23,759
$
38,826
36,505
22,586
59,091
8,418
12,019
7,765
30,889
372
372
53
129
118
72
4,225
140
4,365
1,589
2,332
311
133
1,660
494
2,154
607
830
392
325
$
71,700
$
139,079
$
210,779
$
46,190
$
61,999
$
32,345
$
70,245
*
Amount includes $796 million for the current portion of long-term debt. See Note 15 of the
Notes to the Financial Statements for additional discussion.
Table of Contents
Table of Contents
Table of Contents
Market risk.
The possibility that changes in interest and currency exchange rates will
adversely affect Ford Credits cash flow and economic value;
Credit risk.
The possibility of loss from a customers failure to make payments
according to contract terms;
Residual risk.
The possibility that the actual proceeds Ford Credit receives at lease
termination will be lower than its projections or return rates will be higher than its
projections; and,
Liquidity risk.
The possibility that Ford Credit may be unable to meet all current and
future obligations in a timely manner.
Table of Contents
Table of Contents
December 31, 2006
December 31, 2005
interest rates
$
(55
)
$
(40
)
interest rates
55
40
Table of Contents
Table of Contents
Table of Contents
Consolidated Statement of Income and Sector Statement of Income for the years ended
December 31, 2006, 2005, and 2004.
Consolidated Balance Sheet and Sector Balance Sheet at December 31, 2006 and 2005.
Consolidated Statement of Cash Flows and Sector Statement of Cash Flows for the years
ended December 31, 2006, 2005, and 2004.
Consolidated Statement of Stockholders Equity for the years ended December 31, 2006, 2005, and 2004.
Notes to the Financial Statements.
Report of Independent Registered Public Accounting Firm.
Designation
Description
Valuation and Qualifying Accounts
Designation
Description
Method of Filing
Stock Purchase Agreement dated as of
September 12, 2005 between CCMG
Holdings, Inc., Ford Holdings LLC and
Ford Motor Company.
Filed as Exhibit 2 to our
Quarterly Report on Form
10-Q for the period ended
September 30, 2005.*
Restated Certificate of Incorporation,
dated August 2, 2000.
Filed as Exhibit 3-A to
our Annual Report on Form
10-K for the year ended
December 31, 2000.*
By-Laws as amended through December 14,
2006.
Filed with this Report.
Amended and Restated Profit Maintenance
Agreement, dated as of January 1, 2002,
between Ford and Ford Credit.
Filed as Exhibit 10-A to
our Annual Report on Form
10-K for the year ended
December 31, 2001.*
Table of Contents
Designation
Description
Method of Filing
Executive Separation Allowance Plan as
amended through October 1, 2006 for
separations on or after January 1,
1981.**
Filed as Exhibit 10-B to
our Quarterly Report on
Form 10-Q for the quarter
ended September 30, 2006.*
Deferred Compensation Plan for Non-
Employee Directors, as amended and
restated as of January 1, 2005.**
Filed as Exhibit 10-D to
our Annual Report on Form
10-K for the year ended
December 31, 2004.*
Benefit Equalization Plan, as amended
as of October 1, 2006.**
Filed as Exhibit 10-D to
our Quarterly Report on
Form 10-Q for the quarter
ended September 30, 2006.*
Amendment to Benefit Equalization Plan,
adopted in October 2002 and effective
as of November 1, 2001.**
Filed as Exhibit 10 to our
Quarterly Report on Form
10-Q for the quarter ended
September 30, 2002.*
Description of financial counseling
services provided to certain
executives.**
Filed as Exhibit 10-F to
Fords Annual Report on
Form 10-K for the year
ended December 31, 2002.*
Supplemental Executive Retirement Plan,
as amended through October 1, 2006.**
Filed as Exhibit 10-F to
our Quarterly Report on
Form 10-Q for the quarter
ended September 30, 2006.*
Restricted Stock Plan for Non-Employee
Directors adopted by the Board of
Directors on November 10, 1988.**
Filed as Exhibit 10-P to
our Annual Report on Form
10-K for the year ended
December 31, 1988.*
Amendment to Restricted Stock Plan for
Non-Employee Directors, effective as of
August 1, 1996.**
Filed as Exhibit 10.1 to
our Quarterly Report on
Form 10-Q for the quarter
ended September 30, 1996.*
Amendment to Restricted Stock Plan for
Non-Employee Directors, effective as of
July 1, 2004.**
Filed as Exhibit 10 to our
Quarterly Report on Form
10-Q for the quarter ended
September 30, 2004.*
Description of Director Compensation as
of July 13, 2006.**
Filed as Exhibit 10-G-3 to
our Quarterly Report on
Form 10-Q for the quarter
ended September 30, 2006.*
1990 Long-Term Incentive Plan, amended
as of June 1, 1990.**
Filed as Exhibit 10-R to
our Annual Report on Form
10-K for the year ended
December 31, 1990.*
Amendment to 1990 Long-Term Incentive
Plan, effective as of October 1,
1990.**
Filed as Exhibit 10-P-1 to
our Annual Report on Form
10-K for the year ended
December 31, 1991.*
Amendment to 1990 Long-Term Incentive
Plan, effective as of March 8, 1995.**
Filed as Exhibit 10.2 to
our Quarterly Report on
Form 10-Q for the quarter
ended March 31, 1995.*
Amendment to 1990 Long-Term Incentive
Plan, effective as of October 1,
1997.**
Filed as Exhibit 10-M-3 to
our Annual Report on Form
10-K for the year ended
December 31, 1997.*
Amendment to 1990 Long-Term Incentive
Plan, effective as of January 1,
1998.**
Filed as Exhibit 10-M-4 to
our Annual Report on Form
10-K for the year ended
December 31, 1997.*
Description of Matching Gift Program
and Vehicle Evaluation Program for
Non-Employee Directors.**
Filed as Exhibit 10-I to
our Annual Report on Form
10-K/A for the year ended
December 31, 2005.*
Non-Employee Directors Life Insurance
and Optional Retirement Plan (as
amended as of October 1, 2006).**
Filed as Exhibit 10-J to
our Quarterly Report on
Form 10-Q for the quarter
ended September 30, 2006.*
Table of Contents
Designation
Description
Method of Filing
Description of Non-Employee Directors
Accidental Death, Dismemberment and
Permanent Total Disablement
Indemnity.**
Filed as Exhibit 10-S to
our Annual Report on Form
10-K for the year ended
December 31, 1992.*
Agreement dated December 10, 1992
between Ford and William C. Ford.**
Filed as Exhibit 10-T to
our Annual Report on Form
10-K for the year ended
December 31, 1992.*
Select Retirement Plan, as amended
through October 1, 2006.**
Filed as Exhibit 10-M to
our Quarterly Report on
Form 10-Q for the quarter
ended September 30, 2006.*
Deferred Compensation Plan, as amended
and restated as of July 12, 2006.**
Filed as Exhibit 10-N to
our Quarterly Report on
Form 10-Q for the quarter
ended September 30, 2006.*
Amendments to Deferred Compensation
Plan, effective as of December 1,
2006.**
Filed with this Report.
Annual Incentive Compensation Plan, as
amended and restated as of January 1,
2000.**
Filed as Exhibit 10-T to
our Annual Report on Form
10-K for the year ended
December 31, 1999.*
Annual Incentive Compensation Plan
Metrics for 2007.**
Filed with this Report.
1998 Long-Term Incentive Plan, as
amended and restated effective as of
January 1, 2003.**
Filed as Exhibit 10-R to
our Annual Report on Form
10-K for the year ended
December 31, 2002.*
Amendment to Ford Motor Company 1998
Long-Term Incentive Plan (effective as
of January 1, 2006).**
Filed as Exhibit 10-P-1 to
our Annual Report on Form
10-K/A for the year ended
December 31, 2005.*
Form of Stock Option Agreement (NQO)
with Terms and Conditions.**
Filed as Exhibit 10-P-2 to
our Annual Report on Form
10-K/A for the year ended
December 31, 2005.*
Form of Stock Option Agreement (ISO)
with Terms and Conditions.**
Filed as Exhibit 10-P-3 to
our Annual Report on Form
10-K/A for the year ended
December 31, 2005.*
Form of Stock Option Agreement (U.K.
NQO) with Terms and Conditions.**
Filed as Exhibit 10-P-4 to
our Annual Report on Form
10-K/A for the year ended
December 31, 2005.*
Performance Stock Rights Description
for 2005-2007 Performance Period.**
Filed as Exhibit 10-Q-4 to
our Annual Report on Form
10-K for the year ended
December 31, 2004.*
Performance Stock Rights Description
for 2006-2008 Performance Period.**
Filed as Exhibit 10-P-6 to
our Annual Report on Form
10-K/A for the year ended
December 31, 2005.*
Form of Final Award Notification Letter
For 2003-2005 Performance Period.**
Filed as Exhibit 10-P-7 to
our Annual Report on Form
10-K/A for the year ended
December 31, 2005.*
Form of Restricted Stock Equivalent
Grant Letter.**
Filed as Exhibit 10-Q-6 to
our Annual Report on Form
10-K for the year ended
December 31, 2004.*
Form of Performance-Based Restricted
Stock Equivalent Opportunity Letter for
2005.**
Filed as Exhibit 10-Q-7 to
our Annual Report on Form
10-K for the year ended
December 31, 2004.*
Table of Contents
Designation
Description
Method of Filing
Form of Performance-Based Restricted
Stock Equivalent Opportunity Letter for
2006.**
Filed as Exhibit 10-P-10
to our Annual Report on
Form 10-K/A for the year
ended December 31, 2005.*
Form of Restricted Stock Grant Letter.**
Filed as Exhibit 10-Q-8 to
our Annual Report on Form
10-K for the year ended
December 31, 2004.*
Form of Final Award Notification Letter
for 2005 Performance-Based Restricted
Stock Equivalents.**
Filed as Exhibit 10-P-12
to our Annual Report on
Form 10-K/A for the year
ended December 31, 2005.*
Form of Final Award Notification Letter
for 2006 Performance-Based Restricted
Stock Equivalents.**
Filed with this Report.
Description of Performance-Based
Restricted Stock Units for 2007.**
Filed with this Report.
Form of Final Award Notification Letter
for 2004-2006 Performance Period.**
Filed with this Report.
Description of Time-Based Restricted
Stock Units .**
Filed with this Report.
Agreement dated January 13, 1999
between Ford and Edsel B. Ford II.**
Filed as Exhibit 10-X to
our Annual Report on Form
10-K for the year ended
December 31, 1998.*
Amended and Restated Agreement between
Ford Motor Company and Ford Motor
Credit Company dated as of December 12,
2006.
Filed with this Report.
Agreement between Ford and Carl
Reichardt, entered into in June 2002.**
Filed as Exhibit 10.2 to
our Quarterly Report on
Form 10-Q for the quarter
ended June 30, 2002.*
Form of Trade Secrets/Non-Compete
Statement between Ford and certain of
its Executive Officers.**
Filed as Exhibit 10-V to
our Annual Report on Form
10-K for the year ended
December 31, 2003.*
Form of Special 2006-2008 Retention
Incentive Opportunity Letter.**
Filed as Exhibit 10-U to
our Annual Report on Form
10-K/A for the year ended
December 31, 2005.*
Description of Settlement of Special
2006 2008 Senior Executive Retention
Program.**
Filed with this Report.
Form of Special 2006 Performance
Incentive Opportunity Letter.**
Filed as Exhibit 10-V to
our Annual Report on Form
10-K/A for the year ended
December 31, 2005.*
Arrangement between Ford Motor Company
and James J. Padilla.**
Filed as Exhibit 10-Z to
our Annual Report on Form
10-K/A for the year ended
December 31, 2005.*
Description of Retirement Arrangement
for James J. Padilla.**
Filed with our Current
Report on Form 8-K dated
May 10, 2006.*
Agreement between Ford Motor Company
and James J. Padilla dated April 7,
2006.**
Filed as Exhibit 10.1 to
our Quarterly Report on
Form 10-Q/A for the
quarter ended June 30,
2006.*
Table of Contents
Designation
Description
Method of Filing
Arrangement between Ford Motor Company
and William Clay Ford, Jr. dated May
11, 2005.**
Filed with our Current
Report on Form 8-K dated
May 11, 2005.*
Arrangement between Ford Motor Company
and William Clay Ford, Jr. dated
February 27, 2006.**
Filed as Exhibit 10-AA-1
to our Annual Report on
Form 10-K/A for the year
ended December 31, 2005.*
Arrangement between Ford Motor Company
and Greg C. Smith dated February 10,
2006.**
Filed as Exhibit 10-BB to
our Annual Report on Form
10-K/A for the year ended
December 31, 2005.*
Agreement between Ford Motor Company
and Greg C. Smith dated February 10,
2006.**
Filed as Exhibit 10-BB-1
to our Annual Report on
Form 10-K/A for the year
ended December 31, 2005.*
Agreement between Ford Motor Company
and Mark Fields dated October 5,
2005.**
Filed as Exhibit 10-CC to
our Annual Report on Form
10-K/A for the year ended
December 31, 2005.*
Arrangement between Ford Motor Company
and Mark Fields dated February 7,
2007.**
Filed with this Report.
Description of Company Practices
regarding Club Memberships for
Executives.**
Filed with this Report.
Accession Agreement between Ford Motor
Company and Alan Mulally as of
September 1, 2006.**
Filed as Exhibit 10.1 to
our Quarterly Report on
Form 10-Q for the quarter
ended September 30, 2006.*
Description of Special Terms and
Conditions for Stock Options Granted to
Alan Mulally.**
Filed with this Report.
Description of President and CEO
Compensation Arrangements.**
Filed with this Report.
Consulting Agreement between Ford Motor
Company and Sir John Bond dated
September 13, 2006.**
Filed as Exhibit 10.2 to
our Quarterly Report on
Form 10-Q for the quarter
ended September 30, 2006.*
Credit Agreement dated as of December
15, 2006.
Filed with this Report.
Calculation of Ratio of Earnings to
Combined Fixed Charges and Preferred
Stock Dividends.
Filed with this Report.
List of Subsidiaries of Ford as of
February 21, 2007.
Filed with this Report.
Consent of Independent Registered
Public Accounting Firm.
Filed with this Report.
Powers of Attorney.
Filed with this Report.
Table of Contents
Designation
Description
Method of Filing
Rule 15d-14(a) Certification of CEO.
Filed with this Report.
Rule 15d-14(a) Certification of CFO.
Filed with this Report.
Section 1350 Certification of CEO.
Furnished with this Report.
Section 1350 Certification of CFO.
Furnished with this Report.
*
Incorporated by reference as an exhibit to this Report (file number reference 1-3950, unless
otherwise indicated).
**
Management contract or compensatory plan or arrangement.
Table of Contents
/s/ Peter J. Daniel
Senior Vice President and Controller
February 28, 2007
Table of Contents
Signature
Title
Date
Director
February 28, 2007
Executive Vice President and Chief
Financial Officer (principal
financial officer)
February 28, 2007
Senior Vice President and Controller
(principal accounting officer)
February 28, 2007
/s/ PETER J. SHERRY, JR.
February 28, 2007
(Peter J. Sherry, Jr.)
Attorney-in-Fact
Table of Contents
Table of Contents
(in millions, except per share amounts)
2006
2005
2004
$
143,307
$
153,474
$
147,119
16,816
23,422
25,197
160,123
176,896
172,316
148,869
144,924
135,755
19,180
24,622
24,012
8,783
8,417
8,471
241
483
1,212
177,073
178,446
169,450
1,478
1,249
988
421
285
255
1,095
(15,051
)
1,079
4,109
(2,646
)
(845
)
643
(12,405
)
1,924
3,466
210
280
282
(12,615
)
1,644
3,184
2
47
(146
)
(12,613
)
1,691
3,038
(251
)
$
(12,613
)
$
1,440
$
3,038
1,879
1,846
1,830
$
(6.72
)
$
0.89
$
1.74
0.03
(0.08
)
(0.14
)
$
(6.72
)
$
0.78
$
1.66
$
(6.72
)
$
0.87
$
1.59
0.02
(0.07
)
(0.12
)
$
(6.72
)
$
0.77
$
1.52
$
0.25
$
0.40
$
0.40
Table of Contents
(in millions, except per share amounts)
Table of Contents
Table of Contents
Table of Contents
(in millions)
2006
2005
2004
$
9,609
$
20,387
$
21,683
(6,848
)
(7,517
)
(6,738
)
(59,793
)
(54,024
)
(63,284
)
41,502
48,257
51,002
(1,552
)
(2,192
)
(23,678
)
(11,883
)
(11,767
)
18,456
8,735
16,648
5,120
17,288
6,481
56
7,937
537
(2,031
)
(30
)
(4
)
(1,255
)
(39
)
325
1,849
2,292
(24,864
)
5,804
(7,090
)
(468
)
(738
)
(733
)
431
895
21
(183
)
(570
)
(172
)
(5,825
)
(8,713
)
4,885
58,258
24,559
22,223
(36,601
)
(36,080
)
(36,000
)
(339
)
(153
)
(136
)
15,273
(20,800
)
(9,912
)
464
(496
)
505
482
4,895
5,186
2
55
315
(49
)
(320
)
$
484
$
4,901
$
5,181
$
28,406
$
22,828
$
17,672
4
681
656
484
4,901
5,181
(4
)
(681
)
$
28,894
$
28,406
$
22,828
Table of Contents
(in millions)
2006
2005
2004
Financial
Financial
Financial
Automotive
Services
Automotive
Services
Automotive
Services
$
(4,185
)
$
7,316
$
5,433
$
6,912
$
6,963
$
7,963
(6,809
)
(39
)
(7,123
)
(394
)
(6,280
)
(458
)
(59,793
)
(54,024
)
(63,284
)
41,867
48,245
51,220
6,113
4,751
2,882
(1,988
)
(2,492
)
(4,068
)
(19,610
)
(5,714
)
(6,169
)
(7,590
)
(4,177
)
4,865
13,591
5,106
3,629
7,615
9,033
5,120
17,288
6,481
3,739
3,957
56
280
7,657
125
412
(2,031
)
(30
)
(4
)
(1,255
)
(26
)
(13
)
1,185
8,407
4,361
(1,400
)
18
307
387
1,462
107
2,185
(6,157
)
(12,444
)
(688
)
22,941
(1,718
)
5,746
(468
)
(738
)
(733
)
431
895
21
(183
)
(570
)
(172
)
414
(6,239
)
(115
)
(8,598
)
(342
)
5,227
12,254
46,004
385
24,174
469
21,754
(758
)
(35,843
)
(758
)
(35,322
)
(2,564
)
(33,436
)
1,400
(1,185
)
(8,407
)
(4,361
)
(147
)
(192
)
(177
)
24
(39
)
(97
)
11,543
3,945
(1,078
)
(28,129
)
(3,360
)
(10,913
)
104
360
(23
)
(473
)
117
388
1,321
(1,321
)
(394
)
394
1,258
(1,258
)
2,626
(2,144
)
3,250
1,645
3,260
1,926
2
(16
)
71
(149
)
464
17
(66
)
137
(457
)
$
2,628
$
(2,144
)
$
3,251
$
1,650
$
3,248
$
1,933
$
13,388
$
15,018
$
10,139
$
12,689
$
6,853
$
10,819
4
2
679
40
616
2,628
(2,144
)
3,251
1,650
3,248
1,933
(4
)
(2
)
(679
)
$
16,020
$
12,874
$
13,388
$
15,018
$
10,139
$
12,689
Table of Contents
(in millions)
Table of Contents
2006
2005
Financial
Financial
Automotive
Services
Automotive
Services
$
3.9
$
5.5
1.9
1.6
0.8
0.9
0.7
1.1
$
(1.5
)
1.5
$
(0.1
)
0.1
(a)
Automotive sector receivables (generated primarily from vehicle and
parts sales to third parties) sold to Ford Credit. These receivables
are classified as
Other receivables, net
on our consolidated balance
sheet and
Finance receivables, net
on our sector balance sheet.
(b)
Primarily wholesale receivables with entities that are consolidated
subsidiaries of Ford. The consolidated subsidiaries include
dealerships that are partially owned by Ford and consolidated as
VIEs, and also certain overseas affiliates.
(c)
Sale-leaseback agreement between Automotive and Financial Services
sectors relating to vehicles that we lease to our employees and
employees of our subsidiaries.
(d)
Primarily used vehicles purchased by Ford Credit pursuant to the
Automotive sectors obligation to repurchase such vehicles from daily
rental car companies. These vehicles are subsequently sold at
auction.
(e)
Primarily amounts owed to the Automotive sector by Ford Credit under a
tax sharing agreement, and the net result of all other transactions
including receivables of Ford Credit from the Automotive sectors
consolidated dealerships.
Table of Contents
Table of Contents
The receivables are isolated from the transferor; we transfer the receivables to
bankruptcy - remote special purpose entities (SPEs) or other independent entities.
The receivables are transferred to an entity that has the right to pledge or exchange
the assets, or to a qualifying SPE whose beneficial interest holders have the right to
pledge or exchange their beneficial interests. In our off-balance
sheet transactions, we
generally use a qualifying SPE or we sell the receivables to an independent entity. In
either case, we do not restrict the transferee from pledging or exchanging the
receivables or beneficial interests.
The transferor does not maintain control over the receivables; we are not permitted
to regain control over the transferred receivables or cause the return of specific
receivables, other than through a cleanup call.
Table of Contents
2006
2005
2004
$
5.1
$
5.0
$
4.7
7.2
8.0
7.4
Table of Contents
Table of Contents
2006
2005
Amortized
Unrealized
Fair
Amortized
Unrealized
Fair
Cost
Gains
Losses
Value
Cost
Gains
Losses
Value
$
15,060
$
27
$
18
$
15,069
$
8,028
$
13
$
24
$
8,017
185
1
184
1,063
6
1,057
595
1
3
593
527
1
4
524
724
4
720
729
1
7
723
1,504
1
8
1,497
2,319
2
17
2,304
$
16,564
$
28
$
26
$
16,566
$
10,347
$
15
$
41
$
10,321
$
1
$
$
$
1
$
2
$
$
$
2
3,710
4
1
3,713
92
1
93
4,968
5
4,973
1,648
1,648
263
1
4
260
282
1
4
279
1,113
1
2
1,112
1,684
1
3
1,682
60
36
1
95
65
38
1
102
10,114
47
8
10,153
3,771
41
8
3,804
8
8
6
6
$
10,123
$
47
$
8
$
10,162
$
3,779
$
41
$
8
$
3,812
Proceeds
Maturities
Sales
Gains/(Losses)
2006
2005
2004
2006
2005
2004
2006
2005
2004
$
496
$
321
$
$
4,369
$
4,785
$
7,615
$
(19
)
$
(57
)
$
(12
)
9,157
2,381
6,981
4,434
691
2,032
15
4
6
Automotive
Financial Services
Available-for-Sale
Available-for-Sale
Held-to-Maturity
Amortized
Fair
Amortized
Fair
Amortized
Fair
Contractual Maturity
Cost
Value
Cost
Value
Cost
Value
$
147
$
147
$
9,516
$
9,524
$
2
$
2
739
735
143
142
2
2
22
21
53
53
1
1
1
1
79
79
3
3
595
593
263
260
60
95
$
1,504
$
1,497
$
10,114
$
10,153
$
8
$
8
Table of Contents
Less Than
12 Months
12 Months
or Greater
Total
Gross
Gross
Gross
Fair
Unrealized
Fair
Unrealized
Fair
Unrealized
Description of Securities
Value
Losses
Value
Losses
Value
Losses
$
127
$
1
$
10
$
$
137
$
1
177
145
3
322
3
349
1
276
3
625
4
$
653
$
2
$
431
$
6
$
1,084
$
8
$
45
$
1
$
6
$
$
51
$
1
250
17
267
51
1
136
3
187
4
47
74
2
121
2
3
1
1
4
1
$
396
$
3
$
234
$
5
$
630
$
8
2006
2005
$
72,513
$
67,928
33,813
38,522
5,396
6,320
111,722
112,770
(995
)
(1,400
)
40
66
$
110,767
$
111,436
$
105,324
$
105,481
$
104,066
$
105,004
*
December 31, 2006 and 2005, excludes $5.4 billion and $6 billion, respectively, of
certain receivables (primarily direct financing leases) that are not financial instruments.
Table of Contents
2006
2005
$
3,516
$
3,978
(504
)
(555
)
49
41
2,349
2,394
(52
)
(59
)
$
5,358
$
5,799
2006
2005
$
3,228
$
4,148
33,974
29,489
(7,242
)
(6,344
)
(126
)
(194
)
26,606
22,951
$
29,834
$
27,099
Table of Contents
2006
2005
2004
$
1,594
$
2,471
$
2,977
100
167
923
(995
)
(1,184
)
(1,843
)
470
478
477
(525
)
(706
)
(1,366
)
(48
)
(338
)
(63
)
$
1,121
$
1,594
$
2,471
Table of Contents
Retail
Wholesale
Total
$
20,669
$
18,904
$
39,573
18,138
1,561
19,699
(17,886
)
(20,465
)
(38,351
)
20,921
20,921
5,531
5,531
(12,218
)
(12,218
)
$
14,234
$
$
14,234
2006
2005
$
709
$
1,094
204
199
77
127
$
990
$
1,420
2006
2005
2004
$
88
$
87
$
160
32
327
588
198
376
372
350
723
815
$
668
$
1,513
$
1,935
Table of Contents
2006
2005
2004
$
4,863
$
15,549
$
4,795
3,739
3,957
217
1,349
1,567
40
298
$
5,120
$
20,935
$
10,319
$
672
$
708
$
1,457
2,684
(1,831
)
$
672
$
3,392
$
(374
)
$
198
$
260
$
260
116
112
$
198
$
376
$
372
$
115
$
276
$
356
507
802
$
115
$
783
$
1,158
Assumption
Impact on Fair Value Based
Percentage
on Adverse Change
(annual rate)
10% Change
20% Change
12.5
%
$
(11
)
$
(21
)
0.2% - 2.1
%
(11
)
(22
)
0.7% - 1.7
%
(2
)
(3
)
Table of Contents
2006
2005
$
4,604
$
4,056
7,989
7,224
12,593
11,280
(1,015
)
(1,009
)
$
11,578
$
10,271
2006
2005
2004
$
26,640
$
26,555
$
28,015
25,395
25,696
27,226
611
333
419
542
566
384
Table of Contents
2006
2005
2004
$
213
$
187
$
111
31
27
18
182
160
93
180
158
91
2006
2005
$
820
$
697
13,803
12,833
48,829
45,679
2,307
2,736
65,759
61,945
(38,518
)
(32,617
)
27,241
29,328
10,995
11,020
38,236
40,348
269
328
$
38,505
$
40,676
Table of Contents
2006
2005
2004
$
6,488
$
4,181
$
3,258
4,670
3,976
3,162
$
11,158
$
8,157
$
6,420
$
2,080
$
1,895
$
1,971
Table of Contents
Goodwill,
Exchange
Goodwill,
December 31,
Goodwill
Translation/
December 31,
2005
Acquired
Other
2006
$
202
$
5
$
$
207
31
4
35
4,875
705
5,580
5,108
5
709
5,822
17
17
17
17
$
5,125
$
5
$
709
$
5,839
December 31, 2006
December 31, 2005
Gross
Less:
Gross
Less:
Carrying
Accumulated
Net Intangible
Carrying
Accumulated
Net Intangible
Amount
Amortization
Assets
Amount
Amortization
Assets
$
491
$
$
491
$
431
$
$
431
372
(98
)
274
337
(83
)
254
246
246
244
(157
)
87
221
(86
)
135
1,353
(255
)
1,098
989
(169
)
820
4
(4
)
4
(4
)
$
1,357
$
(259
)
$
1,098
$
993
$
(173
)
$
820
2006
2005
2004
$
66
$
55
$
36
Table of Contents
Table of Contents
2006
2005
$
13,644
$
13,074
4,708
5,697
4,741
2,059
566
1,442
867
1,248
331
398
4,138
4,911
28,995
28,829
25,372
17,778
9,323
7,156
8,289
7,359
1,599
1,121
2,046
2,130
2,769
3,095
49,398
38,639
78,393
67,468
4,125
5,579
$
82,518
$
73,047
Table of Contents
Interest Rates
Average
Weighted
Contractual (a)
Average (b)
Amount
2006
2005
2006
2005
2006
2005
5.1
%
6.0
%
5.1
%
6.0
%
$
703
$
251
796
727
1,499
978
7.2
%
7.5
%
7.2
%
7.5
%
23,524
11,942
(165
)
(197
)
23,359
11,745
6.5
%
6.5
%
6.5
%
6.5
%
5,155
5,155
28,514
16,900
$
30,013
$
17,878
$
22,564
$
13,179
$
16,480
$
21,736
1,197
5,611
6,719
400
1,041
2,489
2,824
5.6
%
4.6
%
5.8
%
5.0
%
26,177
32,320
17,450
21,460
56,521
63,659
(109
)
(63
)
17,330
5,357
24,667
12,667
6.1
%
5.9
%
5.9
%
5.1
%
115,859
103,080
$
142,036
$
135,400
$
143,633
$
131,233
(a)
Excludes the effect of interest rate swap agreements and facility fees.
(b)
Includes the effect of interest rate swap agreements and facility fees.
(c)
Based on quoted market prices or current rates for similar debt with the same remaining maturities.
(d)
Obligations issued or arising in securitizations that are payable only out of collections on the underlying securitized assets and related
enhancements.
(e)
The Ford Interest Advantage program consists of our floating rate demand notes.
(f)
Includes $14 million payable to affiliated companies at December 31, 2006.
Long-term debt maturities
2007
2008
2009
2010
2011
Thereafter
$
796
$
644
$
287
$
699
$
271
$
26,613
34,780
24,563
21,324
9,472
13,435
12,285
Table of Contents
*
Credit facilities of our VIEs are excluded as we do not control their use.
Table of Contents
Eligible Value (a)
Advance Rate
Borrowing Base
$
0.3
75
%
$
0.3
3.4
60
%
2.0
7.5
N/A
4.7
10.7
75
%
8.0
6.7
N/A
3.2
4.5
40
%
1.8
7.9
N/A
2.5
$
41.0
$
22.5
(a)
Based on formulas set forth in the Credit Agreement and not necessarily indicative of fair market
value (which could be materially higher or lower); receivables, inventory, intercompany notes,
and property, plant and equipment reflect net book value at
December 31, 2006; equity of Ford
Credit is based on its book value at December 31, 2006, and equity in other subsidiaries is based
on a multiple of their two-year average EBITDA less current debt.
(b)
Value reflects independent third party valuation of trademarks only.
Table of Contents
Table of Contents
2006
2005
2004
Weighted-
Weighted-
Weighted-
Average
Average
Average
Shares
Exercise
Shares
Exercise
Shares
Exercise
(millions)
Price
(millions)
Price
(millions)
Price
245.2
$
18.72
245.4
$
19.13
234.7
$
19.34
29.1
7.89
27.6
12.46
26.7
13.46
(0.5
)
7.55
(3.7
)
9.14
(11.7
)
10.60
(18.2
)
14.26
(24.1
)
17.13
(4.3
)
18.68
255.6
17.83
245.2
18.72
245.4
19.13
203.2
19.81
191.9
20.61
183.0
21.41
*
Exercised at option price of $7.55 during 2006, and ranging from $7.40 to $12.53 during
2005, and $7.55 to $12.53 during 2004.
Table of Contents
2006
2005
2004
$
77
$
116
$
119
(19
)
(23
)
(42
)
$
58
$
93
$
77
Weighted-Average
Shares
Grant-Date
(millions)
Fair Value
53.3
$
4.09
29.1
2.09
(25.8
)
3.61
(4.2
)
4.15
52.4
3.22
2006
2005
2004
$
2.07
$
4.44
$
4.71
4.9
%
3.2
%
3.0
%
39.7
%
41.9
%
42.2
%
4.9
%
4.4
%
3.4
%
6.5
7.0
7.0
Outstanding Options
Exercisable Options
Weighted-
Weighted-
Weighted-
Shares
Average Life
Average
Shares
Average
Range of Exercise Prices
(millions)
(years)
Exercise Price
(millions)
Exercise Price
53.6
7.8
$
7.93
25.2
$
7.97
66.7
6.0
12.86
43.3
12.93
83.6
3.6
20.01
83.0
20.03
51.1
3.3
30.85
51.1
30.85
0.6
1.3
41.42
0.6
41.42
255.6
203.2
Table of Contents
4.7
%
0.0
%
38.9
%
2006
2005
2004
$
34
$
30
$
8
Table of Contents
Table of Contents
Liability at
Liability at
December 31,
Accrued in
Paid in
December 31,
Estimated
Segment
2005
2006
2006
Other
2006
Total Costs
$
15
$
34
$
(16
)
$
$
33
$
86
Table of Contents
2006
2005
2004
$
(15,814
)
$
40
$
2,164
335
743
1,692
$
(15,479
)
$
783
$
3,856
$
$
26
$
(119
)
372
764
1,038
(8
)
43
(148
)
364
833
771
(4,272
)
(752
)
643
1,112
(822
)
(737
)
150
(104
)
(34
)
(3,010
)
(1,678
)
(128
)
$
(2,646
)
$
(845
)
$
643
35
%
35
%
35
%
1
(11
)
(2
)
2
(4
)
1
(20
)
(4
)
1
(15
)
(4
)
16
1
(13
)
(2
)
(33
)
3
(50
)
(7
)
(1
)
(13
)
1
(26
)
17
%
(108
)%
17
%
Table of Contents
2006
2005
$
12,723
$
7,142
3,132
1,717
2,649
1,505
2,572
3,000
2,379
1,856
1,696
1,764
5,550
6,227
30,701
23,211
(7,180
)
(252
)
23,521
22,959
7,610
7,736
4,082
5,130
2,631
2,849
6,992
7,024
21,315
22,739
$
2,206
$
220
Table of Contents
2006
2005
2004
$
3
$
3
$
192
$
$
(4
)
$
(184
)
3
13
(165
)
(1
)
(3
)
122
$
2
$
6
$
(227
)
Table of Contents
*
As part of the transaction, we forgave $1.1 billion of Visteons liability to us for
employee-related costs of which $600 million was recognized in 2004 as an allowance for
doubtful accounts.
Table of Contents
2006
2005
2004
$
$
118
$
493
$
$
59
$
138
(16
)
(2
)
(57
)
$
$
41
$
81
Table of Contents
2006
2005
2004
$
(12,615
)
$
1,644
$
3,184
213
199
$
(12,615
)
$
1,857
$
3,383
1,879
1,846
1,830
(2
)
(3
)
(4
)
1,877
1,843
1,826
10
18
282
282
1,877
2,135
2,126
2006
Financial
Automotive
Services
Total
$
(13,912
)
$
1,299
$
(12,613
)
(2
)
(2
)
11,158
5,295
16,453
66
66
(253
)
(253
)
241
241
112
112
(33
)
(33
)
72
5
77
(2,577
)
77
(2,500
)
1,564
657
2,221
(695
)
(695
)
7,131
(578
)
6,553
(6,762
)
(9
)
(6,771
)
(87
)
362
275
$
(4,185
)
$
7,316
$
3,131
Table of Contents
2005
Financial
Automotive
Services
Total
$
(1,884
)
$
3,324
$
1,440
(6
)
(41
)
(47
)
251
251
8,157
5,854
14,011
49
6
55
(135
)
(135
)
483
483
36
36
(1,099
)
(1,099
)
103
13
116
(960
)
1,664
704
(2,086
)
(727
)
(2,813
)
(94
)
(94
)
2,277
(2,343
)
(66
)
(579
)
(50
)
(629
)
304
(172
)
132
$
5,433
$
6,912
$
12,345
2004
Financial
Automotive
Services
Total
$
257
$
2,781
$
3,038
227
(81
)
146
6,420
6,618
13,038
26
10
36
3
3
1,212
1,212
1
1
16
(66
)
(50
)
105
14
119
2,451
1,514
3,965
(1,793
)
1,294
(499
)
(130
)
(130
)
(6,799
)
(923
)
(7,722
)
5,600
92
5,692
579
(4,502
)
(3,923
)
$
6,963
$
7,963
$
14,926
2006
2005
2004
$
3,131
$
12,345
$
14,926
6,478
8,478
7,057
(436
)
(300
)
$
9,609
$
20,387
$
21,683
Table of Contents
2006
2005
2004
$
1,419
$
1,506
$
1,518
7,483
6,319
5,837
$
8,902
$
7,825
$
7,355
423
382
211
Table of Contents
Table of Contents
2006
2005
2004
Income Statement Classification
$
(8
)
$
(1
)
$
1
Automotive cost of sales
40
20
(2
)
Automotive cost of sales
333
254
99
Automotive cost of sales
71
(383
)
331
Automotive cost of sales
88
7
23
Automotive cost of
sales/Automotive interest income and other non-operating income/(expense), net
$
11
$
(1
)
$
10
Financial Services revenues
19
257
628
Interest expense
160
(350
)
368
Financial Services revenues
(8
)
(8
)
Financial Services revenues
(45
)
(431
)
Interest expense
(13
)
(29
)
Financial Services revenues
(181
)
(231
)
775
Financial Services revenues
(149
)
(1,308
)
313
Financial Services revenues
1
Financial Services revenues
(a)
These gains/(losses) related to foreign currency derivatives and were substantially offset by net revaluation impacts on foreign denominated debt, which
were recorded to the same income statement line item as the hedge gains/(losses).
(b)
Amount represents the portion of the derivatives fair value attributable to the change in foreign currency exchange rates.
Table of Contents
2006
2005
Fair Value
Fair Value
Fair Value
Fair Value
Assets
Liabilities
Assets
Liabilities
(in millions)
(in millions)
(in millions)
(in millions)
$
1,736
$
860
$
1,002
$
1,059
6
30
977
256
546
148
$
2,719
$
1,116
$
1,578
$
1,207
$
111
$
1
$
314
$
90
2,334
891
2,469
795
(641
)
(641
)
(205
)
(205
)
$
1,804
$
251
$
2,578
$
680
2006
2005
2004
$
(43
)
$
1,221
$
1,237
742
(664
)
896
(265
)
(600
)
(912
)
$
434
$
(43
)
$
1,221
Table of Contents
Table of Contents
Table of Contents
UAW Benefit Trust
$
90
2
(30
)
$
62
$
60
(48
)
$
12
Pension Benefits
Health Care and
U.S. Plans
Non-U.S. Plans
Life Insurance
2006
2005
2004
2006
2005
2004
2006
2005
2004
$
680
$
734
$
636
$
704
$
630
$
554
$
617
$
710
$
548
2,431
2,398
2,445
1,396
1,408
1,332
2,004
2,188
1,970
(3,379
)
(3,363
)
(3,219
)
(1,643
)
(1,633
)
(1,651
)
(479
)
(500
)
(289
)
444
500
501
120
126
117
(815
)
(245
)
(220
)
99
102
23
568
352
204
763
893
623
440
97
26
263
422
78
84
1
2,535
206
3
(84
)
(107
)
6
(246
)
(228
)
$
3,250
$
384
$
305
$
1,614
$
1,305
$
634
$
2,183
$
2,801
$
2,404
Table of Contents
Pension Benefits
Health Care and
U.S. Plans
Non-U.S. Plans
Life Insurance
2006
2005
2006
2005
2006
2005
$
43,598
$
43,102
$
30,700
$
29,452
$
39,274
$
39,115
680
734
704
630
617
710
2,431
2,398
1,396
1,408
2,004
2,188
(19
)
(34
)
218
(5,268
)
(3,155
)
440
97
232
422
84
1
1,696
81
(47
)
(98
)
39
41
144
146
44
33
(3,005
)
(2,856
)
(1,556
)
(1,355
)
(1,547
)
(1,576
)
3,434
(2,936
)
2
110
(400
)
(163
)
(20
)
(572
)
482
(1,344
)
2,878
(4,300
)
1,868
$
45,288
$
43,598
$
33,659
$
30,700
$
30,863
$
39,274
$
41,857
$
39,628
$
21,927
$
20,595
$
6,497
$
6,762
5,688
3,922
2,286
3,239
510
621
149
1,432
1,025
1,355
200
39
41
144
150
(3,005
)
(2,856
)
(1,556
)
(1,355
)
(2,086
)
(1,111
)
(109
)
2,390
(1,924
)
(309
)
(95
)
(1
)
(7
)
(38
)
25
$
44,728
$
41,857
$
26,100
$
21,927
$
4,921
$
6,497
$
(560
)
$
(1,741
)
$
(7,559
)
$
(8,773
)
$
(25,942
)
$
(32,777
)
2,635
912
(4,054
)
4,567
8,609
17,009
$
5,461
$
748
$
(19,822
)
$
1,425
$
2,398
$
145
$
1,710
$
$
(1,985
)
(1,511
)
(7,704
)
(6,009
)
(25,942
)
(19,822
)
2,133
657
2,441
4,390
$
(560
)
$
5,461
$
(7,559
)
$
748
$
(25,942
)
$
(19,822
)
$
1,338
$
701
$
(8,514
)
1,581
6,924
11,867
$
2,919
$
7,625
$
3,353
$
26,130
$
24,287
$
18,784
$
17,217
24,241
22,807
13,327
11,454
$
43,958
$
41,983
$
29,089
$
26,060
Table of Contents
Pension Benefits
Health Care and
U.S. Plans
Non-U.S. Plans
Life Insurance
2006
2005
2006
2005
2006
2005
5.86
%
5.61
%
4.91
%
4.58
%
5.98
%
5.73
%
8.50
%
8.50
%
7.64
%
7.78
%
5.50
%
8.28
%
3.80
%
4.00
%
3.30
%
3.44
%
3.80
%
4.00
%
6
%
7
%
5
%
5
%
2011
2011
5.61
%
5.75
%
4.58
%
5.18
%
5.73
%
5.75
%
8.50
%
8.75
%
7.78
%
7.76
%
8.28
%
7.93
%
4.00
%
4.50
%
3.44
%
4.00
%
4.00
%
4.50
%
72.8
%
72.8
%
65.9
%
65.3
%
0.0
%
66.2
%
26.6
%
26.7
%
32.9
%
33.7
%
100.0
%
33.8
%
0.0
%
0.0
%
0.6
%
0.7
%
0.0
%
0.0
%
0.6
%
0.5
%
0.6
%
0.3
%
0.0
%
0.0
%
(a)
U.S. plans for Health Care and Life Insurance
(b)
Weighted average asset allocation based on major non-U.S. plans including U.K., Canada,
Germany, Sweden, Netherlands, Belgium and Australia
Prior to
SFAS 158
SFAS 158
Post SFAS 158
Adjustment
Adjustment
Adjustment
$
4,112
$
(2,542
)
$
1,570
(30,276
)
(5,355
)
(35,631
)
1,466
(1,466
)
4,534
9,363
13,897
Table of Contents
Pension Benefits
Health Care and
U.S. Plans
Non-U.S. Plans
Life Insurance
Total
$
270
$
100
$
(960
)
$
(590
)
20
400
760
1,180
Pension Benefits
U.S. Plans
Non-U.S. Plans
Health Care and Life Insurance
Gross Benefit
Gross Benefit
Gross Benefit
Subsidy
Payments
Payments
Payments
Receipts
$
3,220
$
1,570
$
1,670
$
(100
)
3,470
1,450
1,770
(70
)
3,480
1,450
1,870
(80
)
3,450
1,470
1,940
(90
)
3,410
1,500
1,990
(90
)
16,370
8,150
10,640
(570
)
Table of Contents
Table of Contents
Table of Contents
Automotive Sector
Total
Ford Asia
Ford
Ford
Total
Ford
Pacific
North
South
The
Ford
Europe &
& Africa/
(In Millions)
America
America
Americas
Europe
PAG
PAG
Mazda
Other
Total
$
69,425
$
5,697
$
75,122
$
30,394
$
30,028
$
60,422
$
7,763
$
$
143,307
393
393
878
233
1,111
4
1,508
(15,969
)
661
(15,308
)
371
(2,322
)
(1,951
)
(5
)
247
(17,017
)
6,753
77
6,830
1,289
2,716
4,005
323
11,158
7
1
8
6
51
57
1
66
995
995
76
76
1,333
1,409
3,626
122
3,748
1,404
1,375
2,779
282
6,809
138
138
(3
)
(3
)
286
421
122,634
$
80,662
$
4,366
$
85,028
$
29,918
$
30,283
$
60,201
$
8,245
$
$
153,474
3,398
3,398
1,613
541
2,154
131
5,683
(2,444
)
399
(2,045
)
(437
)
(1,634
)
(2,071
)
297
(55
)
(3,874
)
3,746
68
3,814
1,285
2,764
4,049
294
8,157
28
1
29
7
12
19
1
49
1,220
1,220
46
46
1,141
1,187
3,875
84
3,959
1,232
1,673
2,905
259
7,123
92
92
193
285
113,825
$
83,019
$
2,998
$
86,017
$
26,519
$
27,627
$
54,146
$
6,956
$
$
147,119
3,588
3,588
1,864
766
2,630
113
6,331
525
144
669
177
(830
)
(653
)
82
(276
)
(178
)
3,527
57
3,584
1,338
1,278
2,616
220
6,420
6
1
7
6
12
18
1
26
1,221
1,221
132
132
981
1,113
3,189
75
3,264
1,245
1,478
2,723
293
6,280
75
75
6
6
174
255
113,251
Table of Contents
Financial Services Sector (a)
Total Company
Ford
(In Millions)
Credit
Hertz
Other
Elims
Total
Elims (b)
Total
$
16,553
$
$
263
$
$
16,816
$
$
160,123
694
31
(7
)
718
(2,226
)
1,953
13
1,966
(15,051
)
5,262
33
5,295
16,453
66
7,818
(30
)
7,788
8,783
1,409
25
14
39
6,848
7
7
428
167,332
10,555
(8,837
)
169,050
(1,467
)
290,217
$
15,883
$
7,403
$
136
$
$
23,422
$
$
176,896
597
20
55
(47
)
625
(6,308
)
2,923
1,980
50
4,953
1,079
4,507
1,310
37
5,854
14,011
6
6
55
6,616
511
70
7,197
8,417
1,187
48
335
11
394
7,517
11
11
296
162,262
10,328
(10,396
)
162,194
(83
)
275,936
$
18,083
$
6,681
$
433
$
$
25,197
$
$
172,316
478
19
13
(13
)
497
(6,828
)
3,710
493
84
4,287
4,109
4,980
1,603
35
6,618
13,038
10
10
36
6,733
408
109
7,250
8,471
1,113
62
325
71
458
6,738
(2
)
(2
)
253
172,903
14,417
18,912
(17,044
)
189,188
(2,753
)
299,686
(a)
Financial Services sectors interest income is recorded as
Financial Services revenues.
(b)
Includes intersector transactions occurring in the ordinary course of business.
Table of Contents
2006
2005
2004
Net Sales
Net Sales
Net Sales
and
Long-Lived
and
Long-Lived
and
Long-Lived
Revenues
Assets
Revenues
Assets
Revenues
Assets
$
81,155
$
36,185
$
96,704
$
37,800
$
100,862
$
35,315
8,075
9,281
7,939
8,062
7,085
6,900
3,461
1,008
3,374
1,073
2,934
807
92,691
46,474
108,017
46,935
110,881
43,022
7,006
4,974
7,642
4,518
7,396
6,187
4,290
4,241
4,412
3,399
4,059
3,715
15,850
5,842
15,264
6,537
14,193
9,104
22,934
3,376
23,201
3,172
20,456
3,715
50,080
18,433
50,519
17,626
46,104
22,721
17,352
3,432
18,360
3,214
15,331
3,124
$
160,123
$
68,339
$
176,896
$
67,775
$
172,316
$
68,867
2006
2005
First
Second
Third
Fourth
First
Second
Third
Fourth
Quarter
Quarter
Quarter
Quarter
Quarter
Quarter
Quarter
Quarter
(In millions, except per share amounts)
$
36,973
$
37,827
$
32,556
$
35,951
$
39,414
$
38,708
$
34,656
$
40,696
(2,668
)
(1,253
)
(7,796
)
(6,204
)
708
(1,067
)
(1,626
)
(2,203
)
3,828
4,067
4,554
4,367
5,481
6,458
5,854
5,629
375
425
750
416
506
1,692
714
2,041
(1,423
)
(317
)
(5,248
)
(5,625
)
875
1,215
(576
)
177
(1,423
)
(317
)
(5,248
)
(5,625
)
875
1,215
(576
)
(74
)
$
(0.76
)
$
(0.17
)
$
(2.79
)
$
(2.98
)
$
0.48
$
0.66
$
(0.31
)
$
0.09
(0.76
)
(0.17
)
(2.79
)
(2.98
)
0.44
0.60
(0.31
)
0.09
Table of Contents
2007
2008
2009
2010
2011
Thereafter
Total
$
490
$
351
$
278
$
194
$
97
$
250
$
1,660
117
109
91
59
42
76
494
2006
2005
2004
$
1.0
$
1.5
$
1.5
Table of Contents
2006
2005
$
6,243
$
5,814
(4,106
)
(3,986
)
3,464
3,949
219
615
212
(149
)
$
6,032
$
6,243
Table of Contents
Table of Contents
Ford Motor Company:
Table of Contents
Detroit, Michigan
February 27, 2007
Table of Contents
(in millions)
Balance at
Charged to
Balance at
Beginning
Costs and
End of
Description
of Period
Expenses
Deductions
Period
$
1,594
$
100
$
573
(a)
$
1,121
317
30
153
(b)
194
(c)
428
108
(d)
536
252
6,928
(e)
7,180
$
2,591
$
7,166
$
726
$
9,031
$
2,471
$
167
$
1,044
(a)
$
1,594
988
523
(f)
1,194
(b)
317
(c)
376
52
(d)
428
172
80
252
$
4,007
$
822
$
2,238
$
2,591
$
2,977
$
923
$
1,429
(a)
$
2,471
384
663
(f)
59
(b)
988
(c)
368
8
(d)
376
105
67
172
$
3,834
$
1,661
$
1,488
$
4,007
(a)
Finance receivables and lease investments deemed to be
uncollectible and other changes,
principally amounts related to finance receivables sold and translation adjustments.
(b)
Accounts and notes receivable deemed to be uncollectible as
well as translation adjustments.
Included in 2005 is a write-off of Visteon-related receivables of $1.1 billion.
(c)
Includes non-current Visteon-related receivables of $1 million, $19 million, and $600 million
at December 31, 2006, 2005, and 2004, respectively, which are netted against
Other assets -
Automotive
on the sector balance sheet.
(d)
Net change in inventory allowances.
(e)
Includes $2.7 billion of allowance for deferred tax
assets through
Accumulated other comprehensive income/(loss)
and $4.2 billion of allowance for deferred tax assets through the income statement.
(f)
Includes Visteon-related increases of $500 million and $600 million in 2005 and 2004,
respectively.
Table of Contents
FINANCIAL STATEMENT SCHEDULE
Detroit, Michigan
February 27, 2007
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
OF
FORD MOTOR COMPANY
TABLE OF CONTENTS
Page
ARTICLE I Offices
1
ARTICLE II Stockholders
1
Annual Meeting
1
Special Meetings
1
Notice of Meetings
2
Quorum
2
Organization
2
Proxies and Voting
2
Stock Lists
2
Ratification
3
Judges
3
ARTICLE III Board of Directors
3
Number, Term of Office and Eligibility
3
Meetings
4
Notice of Meetings
4
Quorum and Organization of Meetings
4
Powers
5
Reliance upon Books, Reports and Records
6
Compensation of Directors
6
ARTICLE IV Committees
7
Committees of the Board of Directors
7
Audit Committee
7
Compensation Committee
8
Environmental and Public Policy Committee
8
Finance Committee
8
Nominating and Governance Committee
8
Other Committees
9
Rules and Procedures
9
Application of Article
9
ARTICLE V Officers
10
Officers
10
Executive Chairman of the Board of Directors
10
Chief Executive Officer
10
President
10
Vice Chairmen of the Company, Executive Vice Presidents, Group Vice Presidents, Senior Vice Presidents and Vice Presidents
11
Treasurer and Assistant Treasurer
11
Secretary and Assistant Secretary
11
General Counsel
12
Page
Controller
12
Salaries
12
ARTICLE VI Resignations, Removals and Vacancies
12
Resignations
12
Removals
13
Vacancies
13
ARTICLE VII Capital Stock Dividends Seal
13
Certificates of Shares; Uncertificated Shares
13
Addresses of Stockholders
14
Lost, Destroyed or Stolen Certificate
14
Fixing a Record Date
14
Regulations
15
Corporate Seal
15
ARTICLE VIII Execution of Contracts and Other Documents
15
Contracts, etc.
15
Checks, Drafts, etc.
15
ARTICLE IX Fiscal Year
15
ARTICLE X Miscellaneous
16
Original Stock Ledger
16
Notices and Waivers Thereof
16
Voting upon Stocks
16
ARTICLE XI Amendments
17
(i) | If the participant selected to receive the distribution in a lump sum payment in a particular year when the participant is an active employee, such payment shall be made on the March 15 th of the year selected by the participant, or as soon thereafter as practicable. | ||
(ii) | Upon termination of employment with the Company, including retirement, in either a lump sum payment or in no more than ten annual installment payments, as selected by the participant, with such lump sum payment being made on, or such annual installments beginning on, the March 15 th following the participants termination of employment, or as soon thereafter as practicable. If the participant selected annual installments, the annual installment payments following the first installment shall be made on the applicable number of consecutive anniversaries of the first March 15 th annual installment payment date, or as soon thereafter as practicable. If a participant selected to receive a lump sum payment in a particular year, upon termination of employment prior to such year, the participant shall receive a lump sum payment on the March 15 th following the participants termination of employment, or as soon thereafter as practicable. | ||
(iii) | Notwithstanding any prior selection by the participant, upon a participants death, the participants Deferred Compensation Account shall be distributed in its entirety on the March 15 th following the participants death, or as soon thereafter as practicable. |
| total company pre-tax profits (40%), | ||
| relevant business unit pre-tax profits (15%), | ||
| total Automotive operating-related cash flow (20%), | ||
| relevant business unit cost reductions (8.33%), | ||
| relevant business unit market shares (8.33%), and | ||
| relevant business unit quality metrics (8.33%). |
| total company pre-tax profits (55%), | ||
| total Automotive operating-related cash flow (20%), | ||
| total company cost reductions (8.33%), | ||
| total company market shares (8.33%), and | ||
| total company quality metrics (8.33%). |
|
World Headquarters, Room 538 | |
|
One American Road | |
|
Dearborn, MI 48126-2798 | |
|
||
|
March ___, 2007 |
| Company Performance | ||
| Strategic Direction and Operational Effectiveness | ||
| Leadership | ||
| People and Culture |
|
Regards, | |
|
||
|
[ ], Director | |
|
Compensation & Executive Personnel |
1) | You must refrain from engaging in any activity that is directly or indirectly in competition with any activity of the Company or any subsidiary thereof. In the event of non-fulfillment of this condition, your rights in the RSU grant, including the right to have any final award converted to real shares of Ford stock at the end of the applicable restriction period, will be forfeited and cancelled. |
2) | Your rights in the RSUs, including the right to have any final award converted to real shares of Ford Stock at the end of the applicable restriction period, will be forfeited and cancelled if it is determined that you have acted in a manner inimical to the best interests of the Company. |
3) | Your RSUs are subject to the terms and conditions described herein and in the Companys 1998 Long-Term Incentive Plan. |
To:
|
LL2 and Above Employees | |
Subject:
|
Final Award for the 2004-2006 Performance Stock Right Grant |
1) | You must refrain from engaging in any activity that is directly or indirectly in competition with any activity of the Company or any subsidiary thereof. In the event of non-fulfillment of this condition, your rights in the RSU grant, including the right to have the grant converted to real shares of Ford stock at the end of the applicable restriction period, will be forfeited and cancelled. |
2) | Your rights in the RSUs, including the right to have the grant converted to real shares of Ford Stock at the end of the applicable restriction period, will be forfeited and cancelled if it is determined that you have acted in a manner inimical to the best interests of the Company. |
3) | Your RSUs are subject to the terms and conditions described herein and in the Companys 1998 Long-Term Incentive Plan. |
2
3
4
FORD MOTOR COMPANY | FORD MOTOR CREDIT COMPANY | |||||||||
|
||||||||||
By:
|
/s/ Ann Marie Petach
|
By: |
/s/ Kenneth R. Kent
|
|||||||
|
Vice President and Treasurer | Vice Chairman, Chief Financial Officer | ||||||||
|
and Treasurer |
5
Metric | % Performance Achieved | |
1. Manufacturing capacity reduction
|
50% | |
2. Cost Reduction
|
33% | |
3. Market Share U.S.
|
0% | |
4. Market Share Asia
|
0% | |
5. Automotive Components Holdings, LLC
|
33% |
Deutsche Bank Securities Inc. | HSBC Bank USA, N.A. | Lehman Brothers, Inc. | ||
Merrill Lynch, Pierce, Fenner &
Smith |
Morgan Stanley Senior
funding, Inc. |
Royal Bank of Scotland |
J.P. Morgan Securities Inc. |
Citigroup Global Markets
Inc. |
Goldman Sachs Credit
Partners L.P. |
||
Deutsche Bank Securities Inc. | HSBC Bank | Lehman Brothers, Inc. | ||
Merrill Lynch, Pierce, Fenner &
Smith |
Morgan Stanley Senior
funding, Inc. |
Royal Bank of Scotland |
Page | ||||||||
SECTION 1. | DEFINITIONS | 1 | ||||||
|
||||||||
|
1.1 | Defined Terms | 1 | |||||
|
1.2 | Other Definitional Provisions | 31 | |||||
|
1.3 | Conversion of Foreign Currencies | 32 | |||||
|
||||||||
SECTION 2. | AMOUNT AND TERMS OF COMMITMENTS | 32 | ||||||
|
||||||||
|
2.1 | Term Commitments | 32 | |||||
|
2.2 | Procedure for Term Loan Borrowing | 32 | |||||
|
2.3 | Repayment of Term Loans | 32 | |||||
|
2.4 | Domestic Revolving Commitments | 33 | |||||
|
2.5 | Procedure for Domestic Revolving Loan Borrowing | 34 | |||||
|
2.6 | Multicurrency Revolving Loan Commitments | 34 | |||||
|
2.7 | Procedure for Multicurrency Revolving Loan Borrowing | 35 | |||||
|
2.8 | Canadian Revolving Commitments | 35 | |||||
|
2.9 | Procedure for Canadian Revolving Loan Borrowing | 36 | |||||
|
2.10 | Procedure for Canadian Acceptances | 36 | |||||
|
2.11 | Swingline Commitment | 41 | |||||
|
2.12 | Procedure for Swingline Borrowing; Refunding of Swingline Loans | 42 | |||||
|
2.13 | New or Successor Swingline Lender; Swingline Commitments | 43 | |||||
|
2.14 | Competitive Bid Procedure | 44 | |||||
|
2.15 | Facility Fees, etc. | 45 | |||||
|
2.16 | Termination, Reduction or Reallocation of Revolving Commitments | 46 | |||||
|
2.17 | Optional Prepayments | 47 | |||||
|
2.18 | Mandatory Prepayments | 48 | |||||
|
2.19 | Conversion and Continuation Options | 49 | |||||
|
2.20 | Limitations on Eurocurrency Tranches | 49 | |||||
|
2.21 | Interest Rates and Payment Dates | 50 | |||||
|
2.22 | Computation of Interest and Fees | 50 | |||||
|
2.23 | Inability to Determine Interest Rate; Illegality | 51 | |||||
|
2.24 | Pro Rata Treatment and Payments; Evidence of Debt | 54 | |||||
|
2.25 | Requirements of Law | 56 | |||||
|
2.26 | Taxes | 57 | |||||
|
2.27 | Indemnity | 60 | |||||
|
2.28 | Change of Applicable Lending Office | 60 | |||||
|
2.29 | Replacement/Termination of Lenders | 61 | |||||
|
2.30 | New Local Facilities | 61 | |||||
|
2.31 | Incremental Term Loan Facilities | 62 | |||||
|
2.32 | Incremental Revolving Commitments/Facilities | 63 | |||||
|
2.33 | Revolving Termination Date Extension | 64 | |||||
|
||||||||
SECTION 3. | LETTERS OF CREDIT | 65 | ||||||
|
||||||||
|
3.1 | L/C Commitment | 65 | |||||
|
3.2 | Procedure for Issuance of Letter of Credit | 65 |
i
Page | ||||||||
|
3.3 | Fees and Other Charges | 66 | |||||
|
3.4 | L/C Participations | 66 | |||||
|
3.5 | Reimbursement Obligation of the Company | 67 | |||||
|
3.6 | Obligations Absolute | 67 | |||||
|
3.7 | Letter of Credit Payments | 68 | |||||
|
3.8 | Applications | 68 | |||||
|
3.9 | Existing Letters of Credit | 68 | |||||
|
3.10 | Collateral | 68 | |||||
|
3.11 | New Issuing Lenders; L/C Commitments | 68 | |||||
|
||||||||
SECTION 4. | REPRESENTATIONS AND WARRANTIES | 69 | ||||||
|
||||||||
|
4.1 | Financial Condition | 69 | |||||
|
4.2 | No Change | 69 | |||||
|
4.3 | Existence | 69 | |||||
|
4.4 | Power; Authorization; Enforceable Obligations | 70 | |||||
|
4.5 | No Legal Bar | 70 | |||||
|
4.6 | Litigation | 70 | |||||
|
4.7 | No Default | 70 | |||||
|
4.8 | Ownership of Property | 70 | |||||
|
4.9 | Intellectual Property | 70 | |||||
|
4.10 | Federal Regulations | 71 | |||||
|
4.11 | ERISA | 71 | |||||
|
4.12 | Investment Company Act; Other Regulations | 71 | |||||
|
4.13 | Subsidiary Guarantors; Pledged Equity | 71 | |||||
|
4.14 | Security Documents | 71 | |||||
|
4.15 | Environmental Laws | 71 | |||||
|
||||||||
SECTION 5. | CONDITIONS PRECEDENT | 71 | ||||||
|
||||||||
|
5.1 | Conditions to Effectiveness | 71 | |||||
|
5.2 | Conditions to Each Extension of Credit | 73 | |||||
|
||||||||
SECTION 6. | AFFIRMATIVE COVENANTS | 74 | ||||||
|
||||||||
|
6.1 | Company Financial Statements | 74 | |||||
|
6.2 | Subsidiary Financial Statements | 74 | |||||
|
6.3 | Compliance and Borrowing Base Certificates | 75 | |||||
|
6.4 | Maintenance of Business; Existence | 75 | |||||
|
6.5 | Maintenance of Property; Insurance | 75 | |||||
|
6.6 | Notices | 75 | |||||
|
6.7 | Additional Collateral, etc. | 76 | |||||
|
||||||||
SECTION 7. | NEGATIVE COVENANTS | 78 | ||||||
|
||||||||
|
7.1 | Borrowing Base | 78 | |||||
|
7.2 | Available Liquidity | 78 | |||||
|
7.3 | Liens | 78 | |||||
|
7.4 | Restricted Group Debt | 78 |
ii
Page | ||||||||
|
7.5 | Asset Sale Restrictions | 79 | |||||
|
7.6 | Restricted Payments | 81 | |||||
|
7.7 | Fundamental Changes | 81 | |||||
|
7.8 | Negative Pledge | 82 | |||||
|
7.9 | Sales and Leasebacks | 82 | |||||
|
||||||||
SECTION 8. | EVENTS OF DEFAULT | 83 | ||||||
|
||||||||
SECTION 9. | THE AGENTS | 86 | ||||||
|
||||||||
|
9.1 | Appointment | 86 | |||||
|
9.2 | Delegation of Duties | 86 | |||||
|
9.3 | Exculpatory Provisions | 87 | |||||
|
9.4 | Reliance by Administrative Agent | 87 | |||||
|
9.5 | Notice of Default | 87 | |||||
|
9.6 | Non-Reliance on Agents and Other Lenders | 87 | |||||
|
9.7 | Indemnification | 88 | |||||
|
9.8 | Agent in Its Individual Capacity | 88 | |||||
|
9.9 | Successor Administrative Agent | 88 | |||||
|
9.10 | Bookrunners, Lead Arrangers, Documentation Agents and Syndication Agents | 89 | |||||
|
||||||||
SECTION 10. | MISCELLANEOUS | 89 | ||||||
|
||||||||
|
10.1 | Amendments and Waivers | 89 | |||||
|
10.2 | Notices | 92 | |||||
|
10.3 | No Waiver; Cumulative Remedies | 93 | |||||
|
10.4 | Survival of Representations and Warranties | 93 | |||||
|
10.5 | Payment of Expenses and Taxes | 93 | |||||
|
10.6 | Successors and Assigns; Participations and Assignments | 95 | |||||
|
10.7 | Adjustments; Set-off; Revolver Allocation | 98 | |||||
|
10.8 | Counterparts | 99 | |||||
|
10.9 | Severability | 99 | |||||
|
10.10 | Integration | 100 | |||||
|
10.11 | GOVERNING LAW | 100 | |||||
|
10.12 | Submission to Jurisdiction; Waivers | 100 | |||||
|
10.13 | Judgment | 100 | |||||
|
10.14 | Acknowledgements | 101 | |||||
|
10.15 | Releases of Guarantees and Liens | 101 | |||||
|
10.16 | Confidentiality | 101 | |||||
|
10.17 | WAIVERS OF JURY TRIAL | 102 | |||||
|
10.18 | USA Patriot Act | 102 |
iii
SCHEDULES: | ||
|
||
1.1A
|
Commitments | |
1.1B
|
Borrowing Base | |
1.1C
|
Mandatory Costs | |
1.1D
|
Initial Subsidiary Guarantors | |
1.1E
|
Mortgaged Property | |
1.1F
|
Principal Trade Names | |
1.1G
|
Pricing Grid | |
3.9
|
Existing Letters of Credit | |
4.13
|
Pledged Equity | |
5.1(g)
|
Pledged Notes | |
5.1(h)
|
UCC Filings | |
6.7(e)
|
Post-Closing Items | |
|
||
EXHIBITS: | ||
|
||
A
|
Form of Security Agreement | |
B
|
Form of Collateral Trust Agreement | |
C
|
Form of Guarantee | |
D
|
Form of Trademark Security Agreement | |
E
|
Form of Mortgage | |
F
|
Form of Borrowing Base Certificate | |
G
|
Form of Discount Note | |
H
|
Form of Drawing Notice | |
I
|
Form of Competitive Bid Request | |
J
|
Form of Competitive Bid | |
K
|
Form of Competitive Bid Accept/Reject Letter | |
L
|
Form of Incremental Revolving Loan Activation Notice | |
M
|
Form of Incremental Term Loan Activation Notice | |
N
|
Form of Closing Certificate | |
O
|
Form of Assignment and Assumption | |
P-1
|
Form of Legal Opinion of Simpson Thacher & Bartlett LLP | |
P-2
|
Form of Legal Opinion of In-House Counsel | |
Q
|
Form of Exemption Certificate | |
R
|
Form of Joinder Agreement | |
S-1
|
Form of Addendum (Revolver) | |
S-2
|
Form of Addendum (Term Loan) | |
T
|
Form of Compliance Certificate | |
U-1
|
Form of Term Note | |
U-2
|
Form of Revolving Note |
iv
2
3
4
5
6
7
8
9
10
Eurocurrency Base Rate | ||
1.00 Eurocurrency Reserve Requirements |
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
Installment | Principal Amount | |
March 15, 2007
|
$17,500,000 | |
June 15, 2007
|
$17,500,000 | |
September 15, 2007
|
$17,500,000 | |
December 15, 2007
|
$17,500,000 | |
March 15, 2008
|
$17,500,000 | |
June 15, 2008
|
$17,500,000 | |
September 15, 2008
|
$17,500,000 | |
December 15, 2008
|
$17,500,000 | |
March 15, 2009
|
$17,500,000 | |
June 15, 2009
|
$17,500,000 | |
September 15, 2009
|
$17,500,000 | |
December 15, 2009
|
$17,500,000 | |
March 15, 2010
|
$17,500,000 | |
June 15, 2010
|
$17,500,000 | |
September 15, 2010
|
$17,500,000 | |
December 15, 2010
|
$17,500,000 | |
March 15, 2011
|
$17,500,000 | |
June 15, 2011
|
$17,500,000 | |
September 15, 2011
|
$17,500,000 | |
December 15, 2011
|
$17,500,000 | |
March 15, 2012
|
$17,500,000 | |
June 15, 2012
|
$17,500,000 | |
September 15, 2012
|
$17,500,000 | |
December 15, 2012
|
$17,500,000 | |
March 15, 2013
|
$17,500,000 | |
June 15, 2013
|
$17,500,000 | |
September 15, 2013
|
$17,500,000 | |
Term Loan Maturity Date
|
$6,527,500,000 |
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
|
Company: | Ford Motor Company | ||
|
One American Road | |||
|
Dearborn, MI 48126 | |||
|
Attention: Treasurer | |||
|
Telecopy: 313-322-3359 | |||
|
Telephone: 313-322-3533 | |||
|
||||
|
with a copy to: | Ford Motor Company | ||
|
One American Road | |||
|
Dearborn, MI 48126 | |||
|
Attention: Secretary | |||
|
||||
|
Telecopy: 313-248-8713 | |||
|
Telephone: 313-323-2130 | |||
|
||||
|
Administrative Agent for all | JPMorgan Chase Bank, N.A. | ||
|
notices: | Loan & Agency Services | ||
|
1111 Fannin Street, 10th Floor | |||
|
Houston, TX 77002 | |||
|
Attention: Omar E. Jones | |||
|
Telecopy: 713-750-2938 | |||
|
Telephone: 713-750-7912 | |||
|
||||
|
with a copy to: | JPMorgan Chase Bank, N.A. | ||
|
270 Park Avenue, 15th Floor | |||
|
New York, NY 10017 | |||
|
Attention: Vilma Francis | |||
|
Telecopy: 212-270-4016 | |||
|
Telephone: 212-270-5484 |
92
|
with a further copy to: | Weil, Gotshal & Manges LLP | ||
|
767 Fifth Avenue | |||
|
New York, NY 10153 | |||
|
Attention: Daniel S. Dokos | |||
|
Telecopy: (212) 310-8007 | |||
|
Telephone: (212) 310-8576 | |||
|
||||
|
Administrative Agent for notices | JPMorgan Chase Bank, N.A. | ||
|
with respect to the Multicurrency | 125 London Wall, 9th Floor | ||
|
Revolving Facility: | London EC2Y 5AJ | ||
|
United Kingdom | |||
|
Attention: Steve Clarke | |||
|
Fax: 44 20 7777 2360 | |||
|
Telephone: 44 20 7325 5424 | |||
|
||||
|
Administrative Agent for notices | JPMorgan Chase Bank, N.A. | ||
|
with respect to the Canadian | 200 Bay Street, Suite 1800 | ||
|
Revolving Facility: | Royal Bank Plaza, South Tower | ||
|
Toronto, Ontario, Canada M5J 2J2 | |||
|
Attention: Drew McDonald | |||
|
Telephone: (416) 981-9143 | |||
|
Facsimile: (416) 981-9138 |
93
94
(1) | the Company; | ||
(2) | the Administrative Agent; | ||
(3) | each Material Issuing Lender at such time; and | ||
(4) | each Material Swingline Lender at such time; |
(1) | the Company; and | ||
(2) | the Administrative Agent; |
95
96
97
98
99
100
101
102
FORD MOTOR COMPANY | ||||||
|
||||||
|
By: /s/ Ann Marie Petach | |||||
|
|
|||||
|
Name: | Ann Marie Petach | ||||
|
Title: | Vice President and Treasurer |
JPMORGAN CHASE BANK, N.A., as Administrative | ||||||
Agent | ||||||
|
||||||
|
By: /s/ Robert P. Kellas | |||||
|
|
|||||
|
Name: | Robert P. Kellas | ||||
|
Title: | Vice President |
(a) | with respect to Eligible Receivables, 75%; | ||
(b) | with respect to Eligible Inventory, 60%; | ||
(c) | with respect to Eligible Intercompany Notes (other than the Ford Canada Intercompany Note and the Ford Canada Intercompany Payable), 75%; | ||
(d) | with respect to Eligible Foreign Pledged Equity, 75%; | ||
(e) | with respect to Eligible FMCC Pledged Equity, 75%; and | ||
(f) | with respect to Eligible Non-PDMP M&E, 40%. |
1 | Unless otherwise defined herein, terms used herein and defined in the Credit Agreement to which this Schedule 1.1B is attached (the Credit Agreement) shall have the meanings given to them in the Credit Agreement. |
2
3
4
5
6
7
8
9
10
Federal | ||||||||||||||
Registered | Taxpayer | |||||||||||||
Organization | Organizational | Identification | State of | Principal Place of | ||||||||||
Legal Name | Type of Entity | (Yes/No) | Number | Number | Formation | Business | ||||||||
3000 Schaefer Road Company
|
Corporation | Yes | 144453 | 38 - 1906301 | Michigan | Michigan | ||||||||
|
||||||||||||||
Ford European Holdings LLC
|
Limited Liability Company | Yes | 2974559 | 38 - 3442908 | Delaware | Michigan | ||||||||
|
||||||||||||||
Ford Global Technologies, LLC
|
Limited Liability Company | Yes | 3593792 | 38 - 6058810 | Delaware | Michigan | ||||||||
|
||||||||||||||
Ford Holdings LLC
|
Limited Liability Company | Yes | 2206682 | 38 - 2890269 | Delaware | Michigan | ||||||||
|
||||||||||||||
Ford International Capital
Corporation * |
Corporation | Yes | 0673909 | 38 - 1885617 | Delaware | Michigan | ||||||||
|
||||||||||||||
Ford Mexico Holdings, Inc.
*
|
Corporation | Yes | 3281198 | 38 - 3563830 | Delaware | Michigan | ||||||||
|
||||||||||||||
Ford Motor Service Company
|
Corporation | Yes | 486480 | 38 - 3364381 | Michigan | Michigan | ||||||||
|
||||||||||||||
Ford Motor Vehicle Assurance Company,
LLC |
Limited Liability Company | Yes | 4083499 | 38 - 3419908 | Delaware | Michigan | ||||||||
|
||||||||||||||
Ford South America Holdings, LLC
|
Limited Liability Company | Yes | 3080817 | 38 - 0549190 | Delaware | Michigan | ||||||||
|
||||||||||||||
Ford Trading Company, LLC
|
Limited Liability Company | Yes | 2919002 | 38 - 0549190 | Delaware | Michigan | ||||||||
|
||||||||||||||
Ford Component Sales, L.L.C.
|
Limited Liability Company | Yes | 2830472 | 38 - 3384550 | Delaware | Michigan | ||||||||
|
||||||||||||||
Land Rover North America, Inc.
|
Corporation | Yes | 2075961 | 22 - 2675556 | Delaware | Michigan | ||||||||
|
||||||||||||||
Volvo Cars of North America, LLC
|
Limited Liability Company | Yes | 0906002 | 31 - 1814807 | Delaware | Michigan |
* | Guaranty has limited recourse to the pledged assets of the relevant entity. |
MORTGAGED PROPERTY
Owner/Entity of Record
Location Address
Recording Office
Ford Motor Co. / Kentucky Truck
Plant
3001 Chamberlain
Lane Louisville, KY
40232
Jefferson County Clerk
527 W. Jefferson, Room 204A
Louisville, KY 40202
Ford Motor Co. / Dearborn Truck
Plant
3001 Miller Road
Dearborn MI, 48121
Wayne Country Register of
Deeds
400 Monroe
Detroit, MI 48226
Ford Motor Co. / Sharonville Plant
3000 Sharon Road
Sharonville, OH
45241
Hamilton Country Recorder
138 East Court St., Room 101
Cincinnati, OH 45202
Ford Motor Co. / Kansas City
Assembly Plant
8121 Northeast
Highway 69
Claycomo, MO 64119
Clay County Recorder of
Deeds
One Courthouse Square
Administration Bldg.
Liberty, MO 64068
Ford Motor Co. / Michigan Truck
Plant
38303 Michigan Ave
Wayne, MI 48184
Wayne Country Register of
Deeds
400 Monroe
Detroit, MI 48226
Ford Motor Co. / Lima Engine Plant
1155 Bible Road
Lima, OH 45801
Allen County Recorder
301 North Main Street, Room
204
Lima, OH 45801
Ford Motor Co. / Chicago Assembly
Plant
12600 S Torrence
Ave Chicago, IL
60633
Cook County Recorder
118 North Clark St., Room
120
Chicago, IL 60602
Ford Motor Co. / Van Dyke Plant
41111 Van Dyke
Sterling Heights,
MI 48314
Macomb County Register of
Deeds
10 North Main
Mt. Clemens, MI 48043
Ford Motor Co. / Cleveland Engine
Plant #1
17601 Brook Park
Road Brook Park, OH
47331
Cuyahoga County Recorder
1219 Ontario Street
Room 220
Cleveland, OH 44113
Ford Motor Co. / Livonia Plant
35500 Plymouth Road
Livonia, MI 48150
Wayne Country Register of
Deeds
400 Monroe
Detroit, MI 48226
Ford Motor Co. / Vehicle
Operations General Office/New
Model Product Development Center
17000 Oakwood Blvd
Dearborn MI, 48124
Wayne Country Register of
Deeds
400 Monroe
Detroit, MI 48226
Ford Motor Co. / Product
Development Center
20901 Oakwood Blvd
Dearborn, MI 48124
Wayne Country Register of
Deeds
400 Monroe
Detroit, MI 48226
Ford Motor Co. / Allen Park Test
Lab
1500 Enterprise
Drive Allen Park,
MI 48101
Wayne Country Register of
Deeds
400 Monroe
Detroit, MI 48226
Ford Motor Co. / Advanced
Engineering Center
2400 Village Road
Dearborn, MI 48121
Wayne Country Register of
Deeds
400 Monroe
Detroit, MI 48226
Ford Motor Co. / Automotive
Safety Center
1201 Village Road
Dearborn, MI 48121
Wayne Country Register of
Deeds
400 Monroe
Detroit, MI 48226
Owner/Entity of Record | Location Address | Recording Office | ||||
16.
|
Ford Motor Co. / Crash Barrier Building | 20000 Oakwood Blvd Dearborn, MI 48121 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
17.
|
Ford Motor Co. / Automotive Transmission New Product Center | 35500 Plymouth Road Livonia, MI 48150 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
18.
|
Ford Motor Co. / Building #1 | 20000 Rotunda Dearborn, MI 48124 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
19.
|
Ford Motor Co. / Building #2 | 20000 Rotunda Dearborn, MI 48124 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
20.
|
Ford Motor Co. / Building #3 | 20100 Rotunda Dearborn, MI 48124 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
21.
|
Ford Motor Co. / Building #4 | 20200 Rotunda Dearborn, MI 48124 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
22.
|
Ford Motor Co. / Building #5 | 20300 Rotunda, Dearborn, MI 48124 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
23.
|
Ford Motor Co. / Certification Test Lab | 20400 Oakwood Blvd Dearborn, MI 48124 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
24.
|
Ford Motor Co. / Dearborn Proving Grounds | 20050 Oakwood Blvd Dearborn, MI 48121 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
25.
|
Ford Motor Co. / Engineering Computer Center | 20600 Rotunda Drive Dearborn, MI 48121 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
26.
|
Ford Motor Co. / Experimental Engine Building | 20600 Oakwood Blvd Dearborn, MI 48121 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
27.
|
Ford Motor Co. / Dynamometer Building | 1701 Village Road Dearborn, MI 48124 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
28.
|
Ford Motor Co. / Engineering Services Building | 1451 Village Road Dearborn, MI 48121 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
29.
|
Ford Motor Co. / Experimental Vehicle Building | 20800 Oakwood Blvd Dearborn, MI 48121 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
30.
|
Ford Motor Co. / Facilities Services Building | 21500 Oakwood Blvd Dearborn, MI 48124 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
31.
|
Ford Motor Co. / Gas Turbine Lab | 1751 Village Road Dearborn, MI 48121 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
32.
|
Ford Motor Co. / Michigan Proving Grounds | 74240 Fisher Road Romeo, MI 48065 | Macomb County Register of Deeds 10 North Main Mt. Clemens, MI 48043 |
2
Owner/Entity of Record | Location Address | Recording Office | ||||
33.
|
Ford Motor Co. / Personnel & Administration Building | 21500 Oakwood Blvd Dearborn, MI 48124 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
34.
|
Ford Motor Co. / Powertrain and Fuel Systems Lab | 2440 Village Road Dearborn, MI 48121 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
35.
|
Ford Motor Co. / Scientific Research Lab | 2101 Village Road Dearborn, MI 48121 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
36.
|
Ford Motor Co. / Wind Tunnel #2-5 | 20500 Oakwood Blvd Dearborn, MI 48121 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
37.
|
Ford Motor Co. / Conference and Events Center | 1151 Village Road Dearborn, MI 48124 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
38.
|
Ford Motor Co. / World Headquarters Building | 1 American Road Dearborn, MI 48126 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
39.
|
Ford Motor Co. / Ford Motor Credit Company Building | 1 American Road Dearborn, MI 48126 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
40.
|
Ford Motor Co. / Brownstown PRC | 25555 Pennsylvania Road Romulus, MI 48174 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
41.
|
Ford Motor Co. / National PDC | 11871 Middlebelt Road Livonia, MI 48150 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
42.
|
Ford Motor Co. / Dearborn Tool & Die Plant | 3001 Miller Road Dearborn, MI 48121 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
43.
|
Ford Motor Co. / Walton Hills Stamping Plant | 7845 Northfield Road Walton Hills, OH 44146 | Cuyahoga County Recorder 1219 Ontario Street Room 220 Cleveland, OH 44113 | |||
|
||||||
44.
|
Ford Motor Co./ Michigan Truck Paint Plant | 38547 Michigan Avenue Wayne, MI 48184 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
45.
|
Ford Motor Co./ Michigan Truck Body Shop | 38000 Van Born Road Wayne, MI 48184 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
46.
|
Ford of Canada / Windsor Engine Plant | 1000 Henry Ford Centre Drive, Windsor, ON N9A 7E8, Canada | N/A | |||
|
||||||
47.
|
Ford of Canada / Parts Distribution Centre | 8000 Dixie Road Bramalea, ON L6T 2J7, Canada | N/A | |||
|
||||||
48.
|
Ford of Canada / Ontario Truck Plant | Royal Windsor & Ford Drive, Oakville, ON L6J 5E7, Canada | N/A | |||
|
||||||
49.
|
Ford of Canada / Oakville Assembly Plant | Periphery Road Oakville, ON L6J5C9, Canada | N/A |
3
Owner/Entity of Record | Location Address | Recording Office | ||||
50.
|
Ford of Canada / Ford of Canada Headquarters | The Canadian Road Oakville, ON L6J 5E4, Canada | N/A |
Owner/Entity of Record | Location Address | Recording Office | ||||
1.
|
Ford Motor Co./ Romeo Engine Plant | 701 East 32 Mile Road Romeo, MI 48065 | Macomb County Register of Deeds 10 North Main Mt. Clemens, MI 48043 | |||
|
||||||
2.
|
Ford Motor Co./ Ohio Truck Plant | 650 Miller Road Avon Lake, OH 44012 | Lorain County Recorder 226 Middle Avenue Elyria, OH 44035 | |||
|
||||||
3.
|
Ford Motor Co./ Dearborn Engine Plant | 3001 Miller Road Dearborn, MI 48121 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
4.
|
Ford Motor Co./ Dearborn Stamping Plant | 3001 Miller Road Dearborn, MI 48121 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
5.
|
Ford Motor Co./ Woodhaven Stamping Plant | 20900 West Road Woodhaven, MI 48183 | Wayne Country Register of Deeds 400 Monroe Detroit, MI 48226 | |||
|
||||||
6.
|
Ford Motor Co./ Chicago Stamping Plant | 1000 East Lincoln Highway Chicago, IL 60411 | Cook County Recorder 118 North Clark St., Room 120 Chicago, IL 60602 |
4
PRINCIPAL TRADE NAMES
Principal Trade Name
App. No.
Filing Date
Reg. No.
Reg. Date
Status
Owner
75/791223
2-Sep-1999
2884529
14-Sep-2004
Registered
Ford Motor Company
76/276458
23-Jun-2001
2591313
9-Jul-2002
Registered
Ford Motor Company
76/276250
23-Jun-2001
2620725
17-Sep-2002
Registered
Ford Motor Company
75/684950
16-Apr-1999
2435821
13-Mar-2001
Registered
Ford Motor Company
75/426509
30-Jan-1998
2324877
29-Feb-2000
Registered
Ford Motor Company
75/426510
30-Jan-1998
2324878
29-Feb-2000
Registered
Ford Motor Company
75/318112
1-Jul-1997
2151044
14-Apr-1998
Registered
Ford Motor Company
75/318191
1-Jul-1997
2208413
8-Dec-1998
Registered
Ford Motor Company
74/502268
21-Mar-1994
1874207
17-Jan-1995
Registered
Ford Motor Company
74/429898
26-Aug-1993
1868462
20-Dec-1994
Registered
Ford Motor Company
74/459531
18-Nov-1993
1871257
3-Jan-1995
Registered
Ford Motor Company
72/080525
31-Aug-1959
735475
31-Jul-1962
Registered
Ford Motor Company
74/459532
18-Nov-1993
1868251
20-Dec-1994
Registered
Ford Motor Company
74/459533
18-Nov-1993
1863728
22-Nov-1994
Registered
Ford Motor Company
74/459534
18-Nov-1993
1860957
1-Nov-1994
Registered
Ford Motor Company
74/459530
18-Nov-1993
1862561
15-Nov-1994
Registered
Ford Motor Company
74/459539
18-Nov-1993
2100574
30-Sep-1997
Registered
Ford Motor Company
74/459538
18-Nov-1993
1859783
25-Oct-1994
Registered
Ford Motor Company
72/002776
16-Feb-1956
643185
26-Mar-1957
Registered
Ford Motor Company
72/041632
2-Dec-1957
663771
1-Jul-1958
Registered
Ford Motor Company
Principal Trade Name | App. No. | Filing Date | Reg. No. | Reg. Date | Status | Owner | ||||||||||
FORD
|
72/057947 | 27-Aug-1958 | 688483 | 17-Nov-1959 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD
|
73/666492 | 15-Jun-1987 | 1474889 | 2-Feb-1988 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD
|
73/802743 | 26-May-1989 | 1575166 | 2-Jan-1990 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD
|
73/802764 | 26-May-1989 | 1574366 | 2-Jan-1990 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD
|
73/802765 | 26-May-1989 | 1574747 | 2-Jan-1990 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD
|
74/657592 | 28-Mar-1995 | 2007196 | 8-Oct-1996 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD
|
74/231430 | 17-Dec-1991 | 1741469 | 22-Dec-1992 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD
|
74/657593 | 28-Mar-1995 | 2034369 | 28-Jan-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD
|
74/658388 | 28-Mar-1995 | 2005281 | 1-Oct-1996 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD
|
74/735607 | 28-Sep-1995 | 1973145 | 7-May-1996 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD
|
75/035012 | 20-Dec-1995 | 2045664 | 18-Mar-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD
|
75/035042 | 20-Dec-1995 | 2304426 | 28-Dec-1999 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD
|
75/077982 | 25-Mar-1996 | 2018005 | 19-Nov-1996 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD
|
75/164698 | 12-Sep-1996 | 2063517 | 20-May-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD
|
75/164745 | 12-Sep-1996 | 2059525 | 6-May-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD
|
75/183730 | 18-Oct-1996 | 2089375 | 19-Aug-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD
|
78/622109 | 4-May-2005 | 3046210 | 17-Jan-2006 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD
|
78/622129 | 4-May-2005 | 3046211 | 17-Jan-2006 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
75/442222 | 28-Feb-1998 | 2205899 | 24-Nov-1998 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
71/041417 | 26-Mar-1909 | 74530 | 20-Jul-1909 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
71/041079 | 10-Apr-1909 | 74765 | 10-Aug-1909 | Registered | Ford Motor Company |
2
Principal Trade Name | App. No. | Filing Date | Reg. No. | Reg. Date | Status | Owner | ||||||||||
FORD in Script old v1
|
71/086955 | 28-May-1915 | 115500 | 20-Feb-1917 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
71/086954 | 28-May-1915 | 119956 | 25-Dec-1917 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
71/246606 | 30-Mar-1927 | 232051 | 30-Aug-1927 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
71/268595 | 25-Jun-1928 | 250230 | 4-Dec-1928 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
71/270542 | 3-Aug-1928 | 257500 | 11-Jun-1929 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
71/270584 | 4-Aug-1928 | 260470 | 27-Aug-1929 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
71/270583 | 4-Aug-1928 | 266453 | 21-Jan-1930 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
71/270581 | 4-Aug-1928 | 266454 | 21-Jan-1930 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
71272328 | 13-Sep-1928 | 266822 | 4-Feb-1930 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
71/398427 | 13-Oct-1937 | 361140 | 11-Oct-1938 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
71/399182 | 1-Nov-1937 | 361142 | 11-Oct-1938 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
427019 | 30-Dec-1939 | 377814 | 14-May-1940 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
71/427020 | 30-Dec-1939 | 377815 | 14-May-1940 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
71/427018 | 30-Dec-1939 | 380164 | 13-Aug-1940 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
71/431678 | 8-May-1940 | 383960 | 30-Dec-1980 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
71/427017 | 30-Dec-1939 | 386932 | 29-Apr-1941 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
71/447182 | 19-Sep-1941 | 395731 | 9-Jun-1942 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
73/802762 | 26-May-1989 | 1577830 | 16-Jan-1990 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
73/802766 | 26-May-1989 | 1577668 | 16-Jan-1990 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
73/802767 | 26-May-1989 | 1574367 | 2-Jan-1990 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
74/429886 | 26-Aug-1993 | 1836944 | 17-May-1994 | Registered | Ford Motor Company |
3
Principal Trade Name | App. No. | Filing Date | Reg. No. | Reg. Date | Status | Owner | ||||||||||
FORD in Script old v1
|
74/459671 | 18-Nov-1993 | 1861632 | 8-Nov-1994 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
74/459537 | 18-Nov-1993 | 1858536 | 18-Oct-1994 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
74/459557 | 18-Nov-1993 | 1863707 | 22-Nov-1994 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
74/459672 | 18-Nov-1993 | 1862507 | 15-Nov-1994 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
74/459673 | 18-Nov-1993 | 1861820 | 8-Nov-1994 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
74/459674 | 18-Nov-1993 | 1862563 | 15-Nov-1994 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
74/459675 | 18-Nov-1993 | 2092385 | 2-Sep-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
74/459562 | 18-Nov-1993 | 1862593 | 15-Nov-1994 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
74/459563 | 18-Nov-1993 | 1863889 | 22-Nov-1994 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
74/657594 | 28-Mar-1995 | 2034370 | 28-Jan-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
75/035007 | 20-Dec-1995 | 1997209 | 27-Aug-1996 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
75/164692 | 12-Sep-1996 | 2061633 | 13-May-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
75/249529 | 28-Feb-1997 | 2105604 | 14-Oct-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script old v1
|
75/249528 | 28-Feb-1997 | 2105603 | 14-Oct-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
75/249541 | 28-Feb-1997 | 2107510 | 21-Oct-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
75/318192 | 1-Jul-1997 | 2152612 | 21-Apr-1998 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
75/035014 | 20-Dec-1995 | 1995792 | 20-Aug-1996 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
73/538378 | 17-May-1985 | 1399080 | 1-Jul-1986 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
74/429889 | 26-Aug-1993 | 1872617 | 10-Jan-1995 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
74/441535 | 29-Sep-1993 | 1861801 | 8-Nov-1994 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
74/459551 | 18-Nov-1993 | 1855519 | 27-Sep-1994 | Registered | Ford Motor Company |
4
Principal Trade Name | App. No. | Filing Date | Reg. No. | Reg. Date | Status | Owner | ||||||||||
FORD in Script in Oval
|
74/459552 | 18-Nov-1993 | 1861631 | 8-Nov-1994 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
74/459555 | 18-Nov-1993 | 1863599 | 22-Nov-1994 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
74/459553 | 18-Nov-1993 | 1884819 | 21-Mar-1995 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
74/459556 | 18-Nov-1993 | 1858537 | 18-Oct-1994 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
74/459558 | 18-Nov-1993 | 1863708 | 22-Nov-1994 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
74/459559 | 18-Nov-1993 | 1861819 | 8-Nov-1994 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
74/459560 | 18-Nov-1993 | 2088473 | 19-Aug-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
74/459561 | 18-Nov-1993 | 1862562 | 15-Nov-1994 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
74/459565 | 18-Nov-1993 | 1862594 | 15-Nov-1994 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
74/459564 | 18-Nov-1993 | 1858695 | 18-Oct-1994 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
74/459554 | 18-Nov-1993 | 1863888 | 22-Nov-1994 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
74/502267 | 21-Mar-1994 | 1874206 | 17-Jan-1995 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
74/735606 | 28-Sep-1995 | 1973144 | 7-May-1996 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
75/020525 | 15-Nov-1995 | 1997203 | 27-Aug-1996 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
75/020547 | 15-Nov-1995 | 2088654 | 19-Aug-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
75/020573 | 15-Nov-1995 | 1997205 | 27-Aug-1996 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
75/164697 | 12-Sep-1996 | 2067343 | 3-Jun-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
75/164727 | 12-Sep-1996 | 2063518 | 20-May-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
75/183729 | 18-Oct-1996 | 2095239 | 9-Sep-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
75/183752 | 18-Oct-1996 | 2063550 | 20-May-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
74/677597 | 19-May-1995 | 1949274 | 16-Jan-1996 | Registered | Ford Motor Company |
5
Principal Trade Name | App. No. | Filing Date | Reg. No. | Reg. Date | Status | Owner | ||||||||||
FORD in Script in Oval
|
78/337825 | 8-Dec-2003 | 2982130 | 2-Aug-2005 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
|
78/495317 | 6-Oct-2004 | Pending | Ford Motor Company | ||||||||||||
|
||||||||||||||||
FORD in Script in Oval
in Blue
|
75/831222 | 19-Oct-1999 | 2601810 | 30-Jul-2002 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
in Rectangle
|
73/537662 | 15-May-1985 | 1400808 | 15-Jul-1986 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD in Script in Oval
Reverse
|
74/265103 | 13-Apr-1992 | 1738379 | 8-Dec-1992 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
LINCOLN
|
75/442223 | 28-Feb-1998 | 2204133 | 17-Nov-1998 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
LINCOLN
|
75/478843 | 4-May-1998 | 2234340 | 23-Mar-1999 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
LINCOLN
|
75/419707 | 20-Jan-1998 | 2292103 | 16-Nov-1999 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
LINCOLN
|
75/249531 | 28-Feb-1997 | 2107509 | 21-Oct-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
LINCOLN
|
73/401444 | 1-Nov-1982 | 1311148 | 25-Dec-1984 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
LINCOLN
|
75/684951 | 16-Apr-1999 | 2326565 | 7-Mar-2000 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
LINCOLN
|
71/544440 | 16-Dec-1947 | 511662 | 28-Jun-1949 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
LINCOLN
|
74/429887 | 26-Aug-1993 | 1900768 | 20-Jun-1995 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
LINCOLN
|
74/441531 | 29-Sep-1993 | 1858609 | 18-Oct-1994 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
LINCOLN
|
74/459543 | 18-Nov-1993 | 1895870 | 30-May-1995 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
LINCOLN
|
74/459667 | 18-Nov-1993 | 1909928 | 8-Aug-1995 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
LINCOLN
|
74/459548 | 18-Nov-1993 | 1893096 | 9-May-1995 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
LINCOLN
|
74/459544 | 18-Nov-1993 | 1934658 | 14-Nov-1995 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
LINCOLN
|
74/459545 | 18-Nov-1993 | 1950011 | 23-Jan-1996 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
LINCOLN
|
74/459546 | 18-Nov-1993 | 1934659 | 14-Nov-1995 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
LINCOLN
|
74/459549 | 18-Nov-1993 | 1950012 | 23-Jan-1996 | Registered | Ford Motor Company |
6
Principal Trade Name | App. No. | Filing Date | Reg. No. | Reg. Date | Status | Owner | ||||||||||
LINCOLN
|
75/077983 | 25-Mar-1996 | 2018006 | 19-Nov-1996 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
LINCOLN
|
75/077984 | 25-Mar-1996 | 2018007 | 19-Nov-1996 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
LINCOLN
|
75/145828 | 6-Aug-1996 | 2040815 | 25-Feb-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
LINCOLN
|
75/848381 | 15-Nov-1999 | 2433244 | 6-Mar-2001 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
LINCOLN (Stylized)
|
71/174171 | 24-Jan-1923 | 170692 | 5-Jan-1968 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MERCURY
|
75/318005 | 1-Jul-1997 | 2153903 | 28-Apr-1998 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MERCURY
|
75/684952 | 16-Apr-1999 | 2324484 | 29-Feb-2000 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MERCURY
|
74/429897 | 26-Aug-1993 | 1836946 | 17-May-1994 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MERCURY
|
74/460201 | 18-Nov-1993 | 1926997 | 17-Oct-1995 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MERCURY
|
74/460051 | 18-Nov-1993 | 1921868 | 26-Sep-1995 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MERCURY
|
74/460199 | 18-Nov-1993 | 1942013 | 19-Dec-1995 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MERCURY
|
74/460177 | 18-Nov-1993 | 1947905 | 16-Jan-1996 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MERCURY
|
74/460178 | 18-Nov-1993 | 1957016 | 20-Feb-1996 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MERCURY
|
74/460179 | 18-Nov-1993 | 1957017 | 20-Feb-1996 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MERCURY
|
74/460222 | 18-Nov-1993 | 1899012 | 13-Jun-1995 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MERCURY
|
74/460180 | 18-Nov-1993 | 1994327 | 20-Aug-1996 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MERCURY
|
74/468028 | 9-Dec-1993 | 1960799 | 5-Mar-1996 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MERCURY
|
75/145829 | 6-Aug-1996 | 2040816 | 25-Feb-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MERCURY
|
78/472296 | 24-Aug-2004 | Pending | Ford Motor Company | ||||||||||||
|
||||||||||||||||
MERCURY (Stylized)
|
71/409350 | 8-Aug-1938 | 365585 | 14-Mar-1939 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD MUSTANG
|
74/602729 | 23-Nov-1994 | 2194488 | 13-Oct-1998 | Registered | Ford Motor Company |
7
Principal Trade Name | App. No. | Filing Date | Reg. No. | Reg. Date | Status | Owner | ||||||||||
FORD MUSTANG
|
75/035011 | 20-Dec-1995 | 2068810 | 10-Jun-1997 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
FORD MUSTANG & Horse &
Bars Device
|
74/602712 | 23-Nov-1994 | 2190167 | 22-Sep-1998 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
75/249548 | 28-Feb-97 | 2101717 | 30-Sep-97 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
75/249543 | 28-Feb-97 | 2101714 | 30-Sep-97 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
78/150685 | 05-Aug-02 | 2770412 | 30-Sep-03 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
73533611 | 22-Apr-85 | 1467208 | 01-Dec-87 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
74/429895 | 26-Aug-93 | 1922186 | 26-Sep-95 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
74/460170 | 18-Nov-93 | 1858362 | 18-Oct-94 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
74/460181 | 18-Nov-93 | 1914604 | 29-Aug-95 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
74/460173 | 18-Nov-93 | 1910094 | 08-Aug-95 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
74/460172 | 18-Nov-93 | 1917997 | 12-Sep-95 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
74/459669 | 18-Nov-93 | 1918103 | 12-Sep-95 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
74/459670 | 18-Nov-93 | 1858696 | 18-Oct-94 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
74/467634 | 09-Dec-93 | 1975210 | 21-May-96 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
74/467633 | 09-Dec-93 | 1997313 | 27-Aug-96 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
75/020566 | 15-Nov-95 | 1995783 | 20-Aug-96 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
75/020568 | 15-Nov-95 | 1998459 | 03-Sep-96 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
75/035004 | 20-Dec-95 | 1995791 | 20-Aug-96 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
75/035016 | 20-Dec-95 | 1995793 | 20-Aug-96 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
75/105462 | 16-May-96 | 2111765 | 11-Nov-97 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
75/105461 | 16-May-96 | 2109925 | 28-Oct-97 | Registered | Ford Motor Company |
8
Principal Trade Name | App. No. | Filing Date | Reg. No. | Reg. Date | Status | Owner | ||||||||||
MUSTANG
|
75/105460 | 16-May-96 | 2032384 | 21-Jan-97 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
75/164690 | 12-Sep-96 | 2059520 | 06-May-97 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
75/164696 | 12-Sep-96 | 2061634 | 13-May-97 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
75/164744 | 12-Sep-96 | 2059524 | 06-May-97 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG
|
78/965274 | 31-Aug-06 | Pending | Ford Motor Company | ||||||||||||
|
||||||||||||||||
MUSTANG & Horse & Bars
Device
|
74/602716 | 23-Nov-94 | 2175903 | 28-Jul-98 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG 350 GT
Configuration
|
75/603700 | 11-Dec-98 | 2733631 | 08-Jul-03 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Bottle
Configuration
|
74/602720 | 23-Nov-94 | 2041086 | 25-Feb-97 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG COBRA
|
75/423961 | 27-Jan-98 | 2203019 | 10-Nov-98 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG COBRA
|
74/516957 | 25-Apr-94 | 2191112 | 22-Sep-98 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Convertible
Configuration
|
75/603706 | 11-Dec-98 | 2722928 | 10-Jun-03 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG GT-R
|
78/364566 | 09-Feb-04 | Pending | Ford Motor Company | ||||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
74/178102 | 20-Jun-91 | 1686288 | 12-May-92 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
74/459536 | 18-Nov-93 | 1915963 | 05-Sep-95 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
74/459569 | 18-Nov-93 | 1917683 | 12-Sep-95 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
74/459575 | 18-Nov-93 | 1921847 | 26-Sep-95 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
74/459567 | 18-Nov-93 | 1917841 | 12-Sep-95 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
74/459568 | 18-Nov-93 | 1909960 | 08-Aug-95 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
74/459571 | 18-Nov-93 | 1917974 | 12-Sep-95 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
74/459572 | 18-Nov-93 | 1917996 | 12-Sep-95 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
74/459573 | 18-Nov-93 | 1918040 | 12-Sep-95 | Registered | Ford Motor Company |
9
Principal Trade Name | App. No. | Filing Date | Reg. No. | Reg. Date | Status | Owner | ||||||||||
MUSTANG Horse & Bars
Device
|
74/459574 | 18-Nov-93 | 1918102 | 12-Sep-95 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
74/459566 | 18-Nov-93 | 1865873 | 06-Dec-94 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
74/467734 | 09-Dec-93 | 1975212 | 21-May-96 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
74/467733 | 09-Dec-93 | 2000190 | 10-Sep-96 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
74/467682 | 09-Dec-93 | 1975211 | 21-May-96 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
74/467651 | 09-Dec-93 | 1980012 | 11-Jun-96 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
74/472997 | 20-Dec-93 | 1942031 | 19-Dec-95 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
74/516999 | 25-Apr-94 | 1991704 | 06-Aug-96 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
74/577360 | 23-Sep-94 | 1975419 | 21-May-96 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
75/020527 | 15-Nov-95 | 2000111 | 10-Sep-96 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
75/164743 | 12-Sep-96 | 2065287 | 27-May-97 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
75/183751 | 18-Oct-96 | 2070085 | 10-Jun-97 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Horse & Bars
Device
|
75/183754 | 18-Oct-96 | 2070087 | 10-Jun-97 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Running Horse
Device
|
73/590492 | 28-Mar-86 | 1416549 | 11-Nov-86 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Running Horse
Device
|
75/318188 | 01-Jul-97 | 2156985 | 12-May-98 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Running Horse
Device
|
74/460066 | 18-Nov-93 | 1975199 | 21-May-96 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Running Horse
Device
|
74/460174 | 18-Nov-93 | 1858363 | 18-Oct-94 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Running Horse
Device
|
74/460162 | 18-Nov-93 | 1917842 | 12-Sep-95 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Running Horse
Device
|
74/460195 | 18-Nov-93 | 1859697 | 25-Oct-94 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Running Horse
Device
|
74/463326 | 24-Nov-93 | 1922085 | 26-Sep-95 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Running Horse
Device
|
74/460161 | 18-Nov-93 | 1918041 | 12-Sep-95 | Registered | Ford Motor Company |
10
Principal Trade Name | App. No. | Filing Date | Reg. No. | Reg. Date | Status | Owner | ||||||||||
MUSTANG Running Horse
Device
|
74/462573 | 24-Nov-93 | 1918104 | 12-Sep-95 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Running Horse
Device
|
74/460160 | 18-Nov-93 | 1858697 | 18-Oct-94 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Running Horse
Device
|
74/462972 | 24-Nov-93 | 1975202 | 21-May-96 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Running Horse
Device
|
74/472999 | 20-Dec-93 | 1922192 | 26-Sep-95 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Running Horse
Device
|
74/658387 | 28-Mar-95 | 2111045 | 04-Nov-97 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Running Horse
Device
|
74/658390 | 28-Mar-95 | 2239097 | 13-Apr-99 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Running Horse
Device
|
74/658389 | 28-Mar-95 | 2016456 | 12-Nov-96 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Running Horse
Device
|
75/020565 | 15-Nov-95 | 2000115 | 10-Sep-96 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Running Horse
Device
|
75/020570 | 15-Nov-95 | 2000118 | 10-Sep-96 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Running Horse
Device
|
75/164726 | 12-Sep-96 | 2070024 | 10-Jun-97 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Running Horse
Device
|
75/164728 | 12-Sep-96 | 2067344 | 03-Jun-97 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Running
|
||||||||||||||||
Horse
Device
|
75/164742 | 12-Sep-96 | 2067346 | 03-Jun-97 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Running Horse
Device
|
78/965242 | 31-Aug-06 | Pending | Ford Motor Company | ||||||||||||
|
||||||||||||||||
MUSTANG Running Horses,
Four
|
74/526172 | 18-May-94 | 2175226 | 21-Jul-98 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Shadowed Running
Horse Device
|
74/475080 | 23-Dec-93 | 2070156 | 10-Jun-97 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
MUSTANG Shadowed Running
Horse Device
|
74/658391 | 28-Mar-95 | 2034378 | 28-Jan-97 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
TRADE DRESS MUSTANG
TAILLIGHTS
|
76/598672 | 21-Jun-04 | 3052329 | 31-Jan-06 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
TRADE DRESS OF MUSTANG
C-SCOOP
|
76/598674 | 21-Jun-04 | 3052331 | 31-Jan-06 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
TRADE DRESS OF MUSTANG
HEADLIGHTS
|
76/598561 | 21-Jun-04 | 3064774 | 07-Mar-06 | Registered | Ford Motor Company | ||||||||||
|
||||||||||||||||
TRADE DRESS OF MUSTANG
ROOF LINE
|
76/598673 | 21-Jun-04 | 3052330 | 31-Jan-06 | Registered | Ford Motor Company |
11
Other Principal Trade Name | App. No. | Filing Date | Reg. No. | Reg. Date | Status | Owner | ||||||||
FORD EXPLORER
|
74/706993 | 27-Jul-1995 | 1958163 | 20-Feb-1996 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
EXPLORER
|
75/424069 | 27-Jan-98 | 2196097 | 13-Oct-98 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
EXPLORER
|
75/318004 | 01-Jul-97 | 2153902 | 28-Apr-98 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
EXPLORER
|
73/306648 | 20-Apr-81 | 1193137 | 06-Apr-82 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
EXPLORER
|
74/429890 | 26-Aug-93 | 1845751 | 19-Jul-94 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
EXPLORER
|
74/460059 | 18-Nov-93 | 1909154 | 01-Aug-95 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
EXPLORER
|
74/460189 | 18-Nov-93 | 2014679 | 12-Nov-96 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
EXPLORER
|
74/468026 | 09-Dec-93 | 2292940 | 16-Nov-99 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
EXPLORER
|
74/468002 | 09-Dec-93 | 1905010 | 11-Jul-95 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
EXPLORER
|
75/020574 | 15-Nov-95 | 2064621 | 27-May-97 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
EXPLORER SPORT
|
74/514307 | 19-Apr-94 | 1882071 | 07-Mar-95 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
EXPLORER SPORT TRAC
|
75/580621 | 02-Nov-98 | 2435705 | 13-Mar-01 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
EXPLORER XLS
|
75/528818 | 31-Jul-98 | 2520546 | 18-Dec-01 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
F-150
|
75/318148 | 01-Jul-97 | 2151046 | 14-Apr-98 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
F-150
|
74/462962 | 24-Nov-93 | 2044023 | 11-Mar-97 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
F-150
|
74/462567 | 24-Nov-93 | 1893178 | 09-May-95 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
F-150
|
74/462961 | 24-Nov-93 | 2044022 | 11-Mar-97 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
F-150
|
74/640056 | 01-Mar-95 | 2003682 | 24-Sep-96 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
F-150
|
74/706997 | 27-Jul-95 | 1958166 | 20-Feb-96 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
F-150
|
75/388214 | 12-Nov-97 | 2198520 | 20-Oct-98 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
F-150 Configuration
|
75/604081 | 11-Dec-98 | 2733633 | 08-Jul-03 | Registered | Ford Motor Company |
12
Other Principal Trade Name | App. No. | Filing Date | Reg. No. | Reg. Date | Status | Owner | ||||||||
F-150 HERITAGE
|
78/227715 | 19-Mar-03 | Pending | Ford Motor Company | ||||||||||
|
||||||||||||||
F-150 PLATINUM
|
77/026074 | 20-Oct-06 | Pending | Ford Motor Company | ||||||||||
|
||||||||||||||
F-150 SUPER CAB Configuration
|
75/603777 | 11-Dec-98 | 2720229 | 03-Jun-03 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
F-250
|
76/114799 | 23-Aug-00 | 2485114 | 04-Sep-01 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
F-250/F-350 GRILLE TRADE DRESS
|
78/759326 | 22-Nov-05 | Pending | Ford Motor Company | ||||||||||
|
||||||||||||||
F-350
|
76/114782 | 23-Aug-00 | 2490569 | 18-Sep-01 | Registered | Ford Motor Company | ||||||||
|
||||||||||||||
F-450
|
78/589061 | 17-Mar-05 | Pending | Ford Motor Company | ||||||||||
|
||||||||||||||
F-550
|
78/589065 | 17-Mar-05 | Pending | Ford Motor Company | ||||||||||
|
||||||||||||||
F-750
|
78/589067 | 17-Mar-05 | Pending | Ford Motor Company | ||||||||||
|
||||||||||||||
F-SERIES
|
78/338321 | 09-Dec-03 | 3096400 | 23-May-06 | Registered | Ford Motor Company |
13
PLEDGED EQUITY
Total No. of
Percent of
Issued and
Certificates
Total No. of
Outstanding
Delivered at
No. Shares/Interest Being
Shares/Interest
Subsidiary/Affiliate
Record Owner
Shares/Interests
Closing
Pledged
Being Pledged
Ford Motor Company
10 shares of
Preferred Stock
1
10 shares of Preferred Stock
100
%
Ford Motor Company
1,001 shares of
Membership Interest
3
1,001 shares of Membership Interest
100
%
Technologies, LLC
Ford Motor Company
N/A
[non-certificated
membership
interest]
Membership Interest
100
%
Ford Motor Company
N/A
[non-certificated
membership
interest]
Membership Interest
100
%
Capital Corporation
Ford Motor Company
1,000 shares of
Class A Voting
Common
A-1
660 Class A Voting Common
66
%
1,519 shares of
Class B Non-voting
Common
B-1
1,002 Class B Non-voting Common
66
%
Ford Motor Company
1,000 shares of
Common Stock
2
660 shares of Common Stock
66
%
Ford Motor Company
10 shares of Common
Stock
1
10 shares of Common Stock
100
%
Ford Motor Company
100 shares of
Membership Interest
1
100 shares of Membership Interest
100
%
Ford Motor Company
N/A
[non-certificated
membership
interest]
Membership Interest
100
%
Ford Holdings, LLC
250,000 shares of
Common Stock
3&5
250,000 shares of Common Stock
100
%
Ford Motor Company
N/A
[non-certificated
membership
interest]
Membership Interest
100
%
Ford Motor Company
N/A
[non-certificated
membership
interest]
Membership Interest
100
%
Ford Motor Company
50,875 shares of
Common Stock
3
50,875 shares of Common Stock
100
%
Total No. of | Percent of | |||||||||||
Issued and | Certificates | Total No. of | ||||||||||
Outstanding | Delivered at | No. Shares/Interest Being | Shares/Interest | |||||||||
Subsidiary/Affiliate | Record Owner | Shares/Interests | Closing | Pledged | Being Pledged | |||||||
Volvo Cars of North America, LLC
|
Ford Motor Company | N/A |
[non-certificated
membership interest] |
Membership Interest | 100 | % | ||||||
|
||||||||||||
Closed Joint Stock Company Ford Motor
Company
[Ford Motor Company ZAO] (Russia) |
Ford Motor Company | 13,720,994 shares of Common Stock (99.996%) |
[non-certificated
shares] |
9,055,856 shares of Common Stock | 66 | % | ||||||
|
||||||||||||
Ford Capital B.V.
(The Netherlands)
|
Ford Motor Company | 255,140 shares of Euro 454 each |
[non-certificated
shares] |
168,392 shares of Euro 454 each | 66 | % | ||||||
|
||||||||||||
|
632,392 shares of Euro 102 each | 417,378 shares of Euro 102 each | ||||||||||
|
||||||||||||
Ford Espana S.A.
(Spain)
|
Ford Motor Company | 53,895,700 quotas |
[non-certificated
shares] |
35,571,162 quotas | 66 | % | ||||||
|
||||||||||||
Ford Motor Company Brasil Ltda.
(Brazil)
|
Ford Global
Technologies, LLC |
847,120,002 quotas |
[non-certificated
shares] |
559,099,201 quotas | 66 | % | ||||||
|
||||||||||||
Ford Automotive Holdings
(England) |
Ford International
Capital Corporation |
693,773,370 shares of Ordinary Stock | 18 | 457,890,424 shares of Ordinary Stock | 66 | % | ||||||
|
||||||||||||
Ford Motor Company S.A. de C.V.
(Mexico)
|
Grupo Ford S. de R.L. de C.V. | 12,844,500 shares of Series A | 1 | 7,706,700 shares of Series A | 66% of the aggregate of all series of shares (without regard to series) | |||||||
|
||||||||||||
|
2,375,054,958 shares of Series B | 8 | 1,726,055,758 shares of Series B | |||||||||
|
||||||||||||
|
647,946,943 shares of Series B 1987 | 17 | 388,768,166 shares of Series B 1987 | |||||||||
|
||||||||||||
|
1,981,200,000 shares of Series B 1991 | 19 | 1,188,720,000 shares of Series B 1991 | |||||||||
|
||||||||||||
Grupo Ford S. de R.L. de C.V.
2
(Mexico)
|
Ford Mexico Holdings, Inc. |
2 social parts
valued at $3,000 |
8 | 1 social part valued at $1,980 | 66 | % |
1 | To be re-certificated post-closing to deliver a replacement certificate representing 1 social part valued at $1,980. |
2
Total No. of | Percent of | |||||||||||||
Issued and | Certificates | Total No. of | ||||||||||||
Outstanding | Delivered at | No. Shares/Interest Being | Shares/Interest | |||||||||||
Subsidiary/Affiliate | Record Owner | Shares/Interests | Closing | Pledged | Being Pledged | |||||||||
Ford Deutschland Holdings Gmbh
(Germany)
|
Ford European
Holdings, LLC |
1 Ordinary share
(77,205,100 euros) |
[non-certificated shares] | 1 Ordinary share (77,205,100 euros) | 100 | % | ||||||||
|
||||||||||||||
|
4 Preferred shares
(each 100 euros) |
4 Preferred shares (each 100 euros) | ||||||||||||
|
||||||||||||||
Ford Motor Company of Canada, Limited
(Canada)
|
Ford Motor Company | 3,965,806 shares of Common Stock | C-2 | 2,617,432 shares of Common Stock | 66 | % | ||||||||
|
||||||||||||||
|
97,799 shares of Preferred Stock | P-2 | 64,548 shares of Preferred Stock | 66 | % | |||||||||
|
||||||||||||||
Ford Motor Company of Southern Africa
(Pty) Limited
2
(South Africa)
|
Ford Motor Company |
1,554,900 shares
of Ordinary C stock |
36 | 699,705 shares of Ordinary C | ||||||||||
|
||||||||||||||
|
41 | 326,529 shares of Ordinary C | 66 | % | ||||||||||
|
||||||||||||||
Ford Argentina S.C.A.
(Argentina)
|
Ford South America
Holdings, LLC |
55,880,537 shares of common stock | 1 | 55,605,843 shares of common stock (99.51%) | 100 | % | ||||||||
|
||||||||||||||
|
3000 Schaefer Road
Company |
2 | 274,694 shares of common stock (0.49%) | |||||||||||
|
||||||||||||||
Ford Motor de Venezuela
3
(Venezuela)
|
Ford Motor Company | 10,480,000 shares of Class A | A-13 | 6,916,800 shares of Class A | 66 | % | ||||||||
|
||||||||||||||
|
1,720,000 shares of Class B | A-15 | 1,135,200 of Preferred Class B | 66 | % |
2 | Prior to confirmation by the Company that it has ownership of 1,554,900 shares of Ordinary C stock, the pledge will be limited to 923,610 shares of Ordinary C stock, consisting of all shares represented by certificate no. 36, and 223,905 of the shares represented by certificate no. 41. | |
3 | To be re-certificated post-closing to deliver certificates representing 6,916,800 shares of Class A and 1,135,200 shares of Class B. |
3
Total No. of | Percent of | |||||||||||||
Issued and | Certificates | Total No. of | ||||||||||||
Outstanding | Delivered at | No. Shares/Interest Being | Shares/Interest | |||||||||||
Subsidiary/Affiliate | Record Owner | Shares/Interests | Closing | Pledged | Being Pledged | |||||||||
Ford VHC AB
(Sweden) |
Ford Motor Company |
100,000 shares of
Class A Common Stock with 34% voting rights |
B-1 | 900,000 shares of Class B Common Stock with 66% voting rights | 100% of Class B Common Stock | |||||||||
|
||||||||||||||
|
900,000 shares of Class B Common Stock with 66% voting rights | |||||||||||||
|
||||||||||||||
PAG Import, Inc
(Japan) |
Ford Motor Company | 10,794,802 shares of Common Stock | 4 | 7,124,570 shares of Common Stock | 66 | % | ||||||||
|
||||||||||||||
Volvo Auto Italia SpA
4
(Italy)
|
Ford Motor Company |
420,000 ordinary
shares |
44 | 277,200 ordinary shares | 66 | % |
4 | To be re-certificated post-closing to deliver replacement certificate representing 277,200 ordinary shares. |
4
Type of | ||||||||||
Borrower/Obligor | Obligee | Amount | Indebtedness | Relevant Contract | ||||||
Ford VHC AB
|
Ford Motor Company | $3.5 billion | Intercompany Debt | Term Loan Agreement dated November 29, 2006 with Ford Motor Company | ||||||
|
||||||||||
|
Promissory Note by Ford VHC AB in favor of Ford Motor Company dated November 29, 2006 | |||||||||
|
||||||||||
Ford Motor Company
of Canada, Limited
|
Ford Motor Company | $1.3 billion | Intercompany Debt | Amended and Restated Promissory Note by Ford Motor Company of Canada, Limited to Ford Motor Company dated as of December 15, 2006 | ||||||
|
||||||||||
Ford Motor Company
of Canada, Limited
|
Ford Motor Company | $750,910,813 | Intercompany Debt | Amended and Restated Promissory Note by Ford Motor Company of Canada, Limited to Ford Motor Company dated as of December 15, 2006 | ||||||
|
||||||||||
Ford Motor Company
of Canada, Limited
|
Ford Motor Company | $ | 1.9 billion | Intercompany Payable | Amended and Restated Receivables Agreement by and between Ford Motor Company of Canada, Limited and Ford Motor Company dated as of December 15, 2006 | |||||
|
||||||||||
Progress Ford
|
Ford Motor Company of Canada, Limited | $1.3 billion | Intercompany Debt | Amended and Restated Promissory Note by Progress Ford Sales, Limited to Ford Motor Company of Canada, Limited dated as of December 15, 2006 | ||||||
|
||||||||||
Grupo Ford S de RL
de CV |
Ford Mexico Holdings, Inc. | $$901,750,620.85 6 | Intercompany Debt | Acknowledgement of Debt Agreement dated December 6, 2006 by and among Grupo Ford, Nuevo Grupo Ford and Ford Mexico Holdings, Inc. | ||||||
|
||||||||||
|
Promissory Note by Grupo Ford to Ford Mexico Holdings, Inc. dated as of December 6, 2006 |
6 | Pledged to secure guarantee of Ford Mexico Holdings, Inc. |
For the Years Ended December 31 | ||||||||||||||||||||
2006 | 2005 | 2004 | 2003 | 2002 | ||||||||||||||||
Earnings
|
||||||||||||||||||||
Income
before income taxes and cumulative effects of changes in accounting principles (b)
|
$ | (15,051 | ) | $ | 1,079 | $ | 4,109 | $ | 914 | $ | 4,036 | |||||||||
Less: Equity
in net (income)/loss of affiliates included in income before income
taxes
|
(426 | ) | (303 | ) | (240 | ) | (155 | ) | 137 | |||||||||||
|
||||||||||||||||||||
Adjusted income
|
(15,477 | ) | 776 | 3,869 | 759 | 4,173 | ||||||||||||||
Adjusted
fixed charges (c)
|
9,321 | 9,091 | 9,136 | 9,996 | 10,977 | |||||||||||||||
|
||||||||||||||||||||
Earnings
|
$ | (6,156 | ) | $ | 9,867 | $ | 13,005 | $ | 10,755 | $ | 15,150 | |||||||||
|
||||||||||||||||||||
Combined Fixed Charges and Preferred Stock Dividends
|
||||||||||||||||||||
Interest
expense (d)
|
$ | 8,841 | $ | 8,484 | $ | 8,528 | $ | 9,236 | $ | 10,128 | ||||||||||
Interest
portion of rental expense (e)
|
329 | 514 | 565 | 524 | 448 | |||||||||||||||
Preferred Stock dividend requirements of majority owned subsidiaries and trusts
|
| | | 190 | 353 | |||||||||||||||
|
||||||||||||||||||||
Fixed charges
|
9,170 | 8,998 | 9,093 | 9,950 | 10,929 | |||||||||||||||
Ford
Preferred Stock dividend requirements (f)
|
| | | | 22 | |||||||||||||||
|
||||||||||||||||||||
Total combined fixed charges and Preferred Stock dividends
|
$ | 9,170 | $ | 8,998 | $ | 9,093 | $ | 9,950 | $ | 10,951 | ||||||||||
|
||||||||||||||||||||
Ratios
|
||||||||||||||||||||
Ratio of earnings to fixed charges
|
(g | ) | 1.1 | 1.4 | 1.1 | 1.4 | ||||||||||||||
Ratio of earnings to combined fixed charges and Preferred Stock dividends
|
(g | ) | 1.1 | 1.4 | 1.1 | 1.4 |
(a) | Discontinued operations are excluded from all amounts. | |
(b) | Income before taxes includes equity income from unconsolidated subsidiaries. | |
(c) | Fixed charges, as shown above, adjusted to exclude the amount of interest capitalized during the period and Preferred Stock dividend requirements of majority owned subsidiaries and trusts. (Capitalized interest (in millions): 2006 $58; 2005 $67; 2004 $57; 2003 $63; 2002 $46) | |
(d) | Includes interest, whether expensed or capitalized, and amortization of debt expense and discount or premium relating to any indebtedness. | |
(e) | One-third of all rental expense is deemed to be interest. | |
(f) | Preferred Stock dividend requirements of Ford Motor Company were increased to an amount representing the pre-tax earnings which would be required to cover such dividend requirements based on Ford Motor Companys effective income tax rates. | |
(g) | Earnings for 2006 were inadequate to cover fixed charges by $15.3 billion. |
Organization | Jurisdiction | |
3000 Schaefer Road Company
|
Michigan, U.S.A. | |
AutoAlliance International, Inc.
|
Delaware, U.S.A. | |
Ford Capital B.V.
|
The Netherlands | |
Ford Motor Company (Belgium) N.V.
|
Belgium | |
Ford Nederland B.V.
|
The Netherlands | |
Ford Espana S.A.
|
Spain | |
Ford Italia S.p.A.
|
Italy | |
Groupe FMC France SAS
|
France | |
FMC Automobiles SAS
|
France | |
Volvo Espana S.L.
|
Spain | |
Ford European Holdings LLC
|
Delaware, U.S.A. | |
Ford Deutschland Holding GmbH
|
Germany | |
Ford-Werke GmbH
|
Germany | |
Volvo Car Germany GmbH
|
Germany | |
Ford Global Technologies, LLC
|
Delaware, U.S.A. | |
Ford Motor Company Brasil Ltda.
|
Brazil | |
Ford Holdings LLC
|
Delaware, U.S.A. | |
Ford Motor Credit Company
|
Delaware, U.S.A. | |
CAB East Holdings, LLC
|
Delaware, U.S.A. | |
Ford Credit Auto Lease, LLC
|
Delaware, U.S.A. | |
Ford Credit Auto Lease Trust 2005-B
|
Delaware, U.S.A. | |
Ford Credit Auto Lease Trust 2006-A
|
Delaware, U.S.A. | |
FCALM Holdings, LLC
|
Delaware, U.S.A. | |
FCALM, LLC
|
Delaware, U.S.A. | |
Ford Credit Auto Receivables Two LLC
|
Delaware, U.S.A. | |
Ford Credit Auto Owner Trust 2006-A
|
Delaware, U.S.A. | |
Ford Credit International, Inc.
|
Delaware, U.S.A. | |
FCE Bank plc
|
England | |
Ford Credit Canada Limited
|
Canada | |
Canadian Road Leasing Company
|
Canada | |
Ford Credit de Mexico S.A. de C.V.
|
Mexico | |
Ford Credit Floorplan Corporation
|
Delaware, U.S.A. | |
Ford Credit Floorplan, LLC
|
Delaware, U.S.A. | |
Ford Credit Floorplan Master Owner Trust A
|
Delaware, U.S.A. | |
Primus Automotive Financial Services, Inc
|
New York, U.S.A. | |
The American Road Insurance Company
|
Michigan, U.S.A. | |
Ford Motor Land Development Corporation
|
Delaware, U.S.A. | |
Ford International Capital Corporation
|
Delaware, U.S.A. | |
Ford Automotive Holdings
|
England | |
Blue Oval Holdings
|
England | |
Ford Motor Company Limited
|
England | |
Volvo Car UK Limited
|
England | |
Jaguar Limited
|
England | |
Jaguar Cars Limited
|
England | |
Ford Mexico Holdings, Inc.
|
Delaware, U.S.A. | |
Grupo Ford S. de R.L. de C.V.
|
Mexico | |
Ford Motor Company, S.A. de C.V.
|
Mexico |
Page 1 of 2
Organization | Jurisdiction | |
Ford Motor Company of Canada, Limited
|
Ontario, Canada | |
FLH Holding, Inc.
|
Ontario, Canada | |
Ford Lio Ho Motor Company Ltd.
|
Taiwan | |
Ford Motor Company of Australia Limited
|
Australia | |
Land Rover Holdings
|
England | |
Land Rover
|
England | |
Land Rover Exports Limited
|
England | |
Land Rover Group Limited (Located in Jersey)
|
England | |
Land Rover Italia SpA
|
Italy | |
Ford Motor Company of Southern Africa (Pty) Limited
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South Africa | |
Ford Motor Company ZAO
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Russia | |
Ford Motor Service Company
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Michigan, U.S.A. | |
Gentle Winds Reinsurance, Ltd.
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Cayman Islands | |
Ford Motor Vehicle Assurance Company, LLC
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Delaware, U.S.A. | |
Ford Otomotiv Sanayi Anonim Sirketi (Otosan)
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Turkey | |
Ford South America Holdings, LLC
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Delaware, U.S.A. | |
Ford Argentina S.C.A.
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Argentina | |
Ford Trading Company, LLC
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Delaware, U.S.A. | |
Ford Motor de Venezuela, S.A.
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Venezuela | |
Ford VHC AB
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Sweden | |
Volvo Personvagnar Holding AB
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Sweden | |
Volvo Personvagnar AB
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Sweden | |
Volvo Personbilar Sverige Aktiebolag
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Sweden | |
Land Rover North America, Inc.
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Delaware, U.S.A. | |
PAG Import, Inc.
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Japan | |
Volvo Cars of North America, LLC
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Delaware, U.S.A. | |
Volvo Auto Italia SpA
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Italy | |
320 Other U.S. Subsidiaries
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363 Other Non-U.S. Subsidiaries
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* | Subsidiaries are not shown by name in the above list if, considered in the aggregate as a single subsidiary, they would not constitute a significant subsidiary. |
Page 2 of 2
Re:
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Ford Motor Company Registration Statements Nos. 33-39402, 33-54348, 33-55847, 33-62227, 333-02735, 333-20725, 333-31466, 333-37542, 333-46295, 333-47733, 333-52399, 333-56660, 333-57596, 333-57598, 333-58697, 333-65703, 333-70447, 333-71380, 333-74313, 333-85138, 333-87619, 333-87990, 333-104063, 333-104064, 333-105674, 333-113584, 333-113608,333-115340, 333-123251, 333-123252, 333-132156, 333-138819, 333-138821 on Form S-8 and Nos. 333-75214 and 333-139149 on Form S-3. |
/s/ Peter J. Sherry, Jr. | ||||
Peter J. Sherry, Jr. | ||||
Secretary | ||||
/s/ William Clay Ford, Jr.
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/s/ John R. H. Bond
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/s/ Stephen G. Butler
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/s/ Kimberly A. Casiano
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/s/ Edsel B. Ford II
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/s/ Irvine O. Hockaday, Jr.
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/s/ Richard A. Manoogian
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/s/ Ellen R. Marram
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/s/ Alan Mulally
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/s/ Homer A. Neal
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/s/ Jorma Ollila
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/s/ John L. Thornton
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/s/ Donat R. Leclair, Jr.
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/s/ Peter J. Daniel
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1. | I have reviewed this Annual Report on Form 10-K for the year ended December 31, 2006 of Ford Motor Company; | |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; | |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; | |
4. | The registrants other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
5. | The registrants other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions): |
Dated: February 27, 2007 | /s/ Alan Mulally | |||
Alan Mulally | ||||
President and Chief Executive Officer |
1. | I have reviewed this Annual Report on Form 10-K for the year ended December 31, 2006 of Ford Motor Company; | |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; | |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; | |
4. | The registrants other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
5. | The registrants other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions): |
Dated: February 27, 2007 | /s/ Donat R. Leclair, Jr. | |||
Donat R. Leclair, Jr. | ||||
Executive Vice President and Chief Financial Officer |
1. | the Companys Annual Report on Form 10-K for the year ended December 31, 2006, to which this statement is furnished as an exhibit (the Report), fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and | ||
2. | the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. |
Dated: February 27, 2007 | /s/ Alan Mulally | |||
Alan Mulally | ||||
President and Chief Executive Officer |
1. | the Companys Annual Report on Form 10-K for the year ended December 31, 2006, to which this statement is furnished as an exhibit (the Report), fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and | ||
2. | the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. |
Dated: February 27, 2007 | /s/ Donat R. Leclair, Jr. | |||
Donat R. Leclair, Jr. | ||||
Executive Vice President and Chief Financial Officer | ||||