Ford Reports Q1 2006 Financial Results


    TOTAL COMPANY 2006 FIRST QUARTER INCOME FROM CONTINUING OPERATIONS
    COMPARED WITH NET INCOME

                                                  First Quarter
                                      Earnings      After-Tax      Pre-Tax
                                     Per Share*      Profit        Profit
                                                    (Mils.)        (Mils.)

    Income/(Loss) from Continuing
     Operations Excluding Special
     Items                              $0.24         $458           $560

    Special Items
     - Way Forward Jobs
        Bank/Employee Separation       $(0.61)     $(1,131)       $(1,741)
     - Pension Curtailment Charges      (0.14)        (269)          (414)
     - Facility-Related U.S. Plant
        Idling Costs                    (0.10)        (183)          (281)
     - Additional Personnel
        Reduction Programs              (0.03)         (62)           (95)
        Total Special Items            $(0.88)     $(1,645)       $(2,531)

    Income/(Loss) from Continuing
     Operations                        $(0.64)     $(1,187)       $(1,971)

    Memo: Total Net Income/(Loss)      $(0.64)     $(1,187)

    * Earnings per share from continuing operations is calculated on a basis
      that includes pre-tax profit, provision for taxes, and minority
      interest; additional information regarding the method of calculating
      earnings per share is available in the materials supporting the April
      21, 2006, conference calls at 
http://www.shareholder.ford.com.


                     FORD MOTOR COMPANY AND SUBSIDIARIES

                       CONSOLIDATED STATEMENT OF INCOME
                For the Periods Ended March 31, 2006 and 2005
                   (in millions, except per share amounts)

                                                         First Quarter
                                                       2006          2005
                                                           (unaudited)
    Sales and revenues
    Automotive sales                                 $36,985        $39,332
    Financial Services revenues                        4,070          5,804
     Total sales and revenues                         41,055         45,136

    Costs and expenses
    Cost of sales                                     36,674         35,558
    Selling, administrative and other expenses         4,592          6,090
    Interest expense                                   2,019          1,964
    Financial Services provision for credit
     and insurance losses                                 35            185
     Total costs and expenses                         43,320         43,797

    Automotive interest income and other
     non-operating income/(expense), net                 215            153
    Automotive equity in net income/(loss)
     of affiliated companies                              79             57
    Income/(loss) before income taxes                 (1,971)         1,549
    Provision for/(benefit from) income taxes           (843)           314
    Income/(loss) before minority interests           (1,128)         1,235
       Minority  interests  in  net  income/(loss)  of
          subsidiaries                                                                                  59                          58
        Income/(loss)  from  continuing  operations                    (1,187)                  1,177
        Income/(loss)  from  discontinued  operations                          -                          35
        Net  income/(loss)                                                                $(1,187)                $1,212

        AMOUNTS  PER  SHARE  OF  COMMON  AND  CLASS  B  STOCK
        Basic  income/(loss)
          Income/(loss)  from  continuing  operations                  $(0.64)                  $0.64
          Income/(loss)  from  discontinued  operations                        -                      0.02
          Net  income/(loss)                                                                $(0.64)                  $0.66
        Diluted  income/(loss)
          Income/(loss)  from  continuing  operations                  $(0.64)                  $0.58
          Income/(loss)  from  discontinued  operations                        -                      0.02
          Net  income/(loss)                                                                $(0.64)                  $0.60
        Cash  dividends                                                                          $0.10                    $0.10


                                          FORD  MOTOR  COMPANY  AND  SUBSIDIARIES

                                                    SECTOR  STATEMENT  OF  INCOME
                                For  the  Periods  Ended  March  31,  2006  and  2005
                                      (in  millions,  except  per  share  amounts)

                                                                                                                  First  Quarter
                                                                                                              2006                    2005
                                                                                                                    (unaudited)
        AUTOMOTIVE
        Sales                                                                                        $36,985                $39,332
        Costs  and  expenses
        Cost  of  sales                                                                          36,674                  35,558
        Selling,  administrative  and  other  expenses                  2,974                    3,109
          Total  costs  and  expenses                                                  39,648                  38,667
        Operating  income/(loss)                                                      (2,663)                      665

        Interest  expense                                                                          346                        402

        Interest  income  and  other  non-operating
          income/(expense),  net                                                              215                        153
        Equity  in  net  income/(loss)  of  affiliated  companies      79                          57
        Income/(loss)  before  income  taxes  -  Automotive        (2,715)                      473

        FINANCIAL  SERVICES
        Revenues                                                                                      4,070                    5,804
        Costs  and  expenses
        Interest  expense                                                                      1,673                    1,562
        Depreciation                                                                              1,208                    1,514
        Operating  and  other  expenses                                                  410                    1,467
        Provision  for  credit  and  insurance  losses                          35                        185
          Total  costs  and  expenses                                                    3,326                    4,728
        Income/(loss)  before  income  taxes
          -  Financial  Services                                                                744                    1,076

        TOTAL  COMPANY
        Income/(loss)  before  income  taxes                                  (1,971)                  1,549
        Provision  for/(benefit  from)  income  taxes                      (843)                      314
        Income/(loss)  before  minority  interests                      (1,128)                  1,235
        Minority  interests  in  net  income/(loss)  of
          subsidiaries                                                                                  59                          58
        Income/(loss)  from  continuing  operations                    (1,187)                  1,177
        Income/(loss)  from  discontinued  operations                          -                          35
        Net  income/(loss)                                                                $(1,187)                $1,212

        AMOUNTS  PER  SHARE  OF  COMMON  AND  CLASS  B  STOCK
        Basic  income/(loss)
          Income/(loss)  from  continuing  operations                  $(0.64)                  $0.64
          Income/(loss)  from  discontinued  operations                        -                      0.02
          Net  income/(loss)                                                                $(0.64)                  $0.66
        Diluted  income/(loss)
          Income/(loss)  from  continuing  operations                  $(0.64)                  $0.58
          Income/(loss)  from  discontinued  operations                        -                      0.02
          Net  income/(loss)                                                                $(0.64)                  $0.60
        Cash  dividends                                                                          $0.10                    $0.10


                                          FORD  MOTOR  COMPANY  AND  SUBSIDIARIES

                                                    CONSOLIDATED  BALANCE  SHEET
                                                                (in  millions)

                                                                                                        March  31,        December  31,
                                                                                                          2006                          2005
                                                                                                      (unaudited)
        ASSETS
        Cash  and  cash  equivalents                                                $21,179                $28,406
        Marketable  securities                                                          14,732                  10,672
        Loaned  securities                                                                    3,160                    3,461
        Finance  receivables,  net                                                  103,986                105,975
        Other  receivables,  net                                                          8,824                    8,522
        Net  investment  in  operating  leases                                28,952                  27,099
        Retained  interest  in  sold  receivables                            1,399                    1,420
        Inventories                                                                              11,962                  10,271
        Equity  in  net  assets  of  affiliated  companies              2,557                    2,579
        Net  property                                                                            40,941                  40,706
        Deferred  income  taxes                                                            6,767                    5,881
        Goodwill  and  other  intangible  assets                              6,072                    5,945
        Assets  of  discontinued/held-for-sale  operations                -                            5
        Other  assets                                                                            18,545                  18,534
          Total  assets                                                                      $269,076              $269,476

        LIABILITIES  AND  STOCKHOLDERS'  EQUITY
        Payables                                                                                  $24,005                $22,813
        Accrued  liabilities  and  deferred  revenue                    75,512                  72,977
        Debt                                                                                          151,104                154,332
        Deferred  income  taxes                                                            5,284                    5,275
          Total  liabilities                                                              255,905                255,397

        Minority  interests                                                                  1,122                    1,122

        Stockholders'  equity
        Capital  stock
          Common  Stock,  par  value  $0.01  per  share
          (1,837  million  shares  issued)                                                18                          18
          Class  B  Stock,  par  value  $0.01  per  share
          (71  million  shares  issued)                                                        1                            1
        Capital  in  excess  of  par  value  of  stock                        4,778                    4,872
        Accumulated  other  comprehensive  income/(loss)          (3,156)                (3,562)
        Treasury  stock                                                                            (680)                    (833)
        Earnings  retained  for  use  in  business                          11,088                  12,461
          Total  stockholders'  equity                                              12,049                  12,957
          Total  liabilities  and  stockholders'  equity          $269,076              $269,476
 


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