Ford Announces Launch of Debt Restructuring Initiatives as Part of Company's Transformation Plan

Ford cannot be certain that any expectations, forecasts, or assumptions made by management in preparing these forward-looking statements will prove accurate, or that any projections will be realized. It is to be expected that there may be differences between projected and actual results. Our forward-looking statements speak only as of the date of their initial issuance, and we do not undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

This press release is for informational purposes only and is not an offer to purchase with respect to any securities. The Conversion Offer is being made only by the applicable Convertible Notes Offering Circular dated March 4, 2009 and the related Convertible Notes Letter of Transmittal. Investors should read the Convertible Notes Offering Circular because it contains important information. Investors can get such documents and other filed documents for free at the Commission's web site ( or by contacting the information agent described below (the "Information Agent").

The Conversion Offer described in this news release is not being made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer or solicitation under applicable securities or blue sky laws. In any jurisdiction where the laws require such offers to be made by a licensed broker or dealer, the Conversion Offer will be deemed to be made on behalf of Ford by one or more registered broker dealers under the laws of such jurisdiction.

Georgeson, Inc. is serving as the Information Agent for the Conversion Offer. Persons with questions regarding the Conversion Offer should contact Georgeson at 800-457-0759 (toll free). Requests for copies of the Convertible Notes Offering Circular or the Convertible Notes Letter of Transmittal may also be directed to Georgeson.

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