Ford Posts Third Quarter 2009 Net Income of $1 Billion; Cash Flow Turns Positive; North America Profitable

* Earnings per share for special items is calculated on a basis that includes pre-tax profit, provision for taxes, less income attributable to non-controlling interests and the effect of discontinued operations; additional information regarding the method of calculating earnings per share is available in the materials supporting the November 2, 2009 conference calls at www.shareholder.ford.com.

    FIRST NINE MONTHS SPECIAL ITEMS                     Income/(Loss)
    (in millions)                                       -------------
    Personnel and Dealer-Related Items:              2008          2009
    -----------------------------------              ----          ----
    Automotive Sector
      Ford North America
        Retiree health care and related charges    $2,680         $(408)
        Personnel-reduction actions                  (644)         (292)
        U.S. dealer actions (primarily dealership
         impairments)                                (185)         (105)
        Job Security Benefits                         262           336
                                                      ---           ---
          Total Ford North America                  2,113          (469)
      Ford South America
        Personnel-reduction actions                     -           (19)
      Ford Europe
        Personnel-reduction actions/Other             (54)         (160)
      Ford Asia Pacific Africa
        Personnel-reduction actions                   (40)          (14)
      Volvo
        Personnel-reduction actions                   (38)          (12)
        U.S. dealer actions                           (20)           (1)
                                                     ----           ---
          Total Volvo                                 (58)          (13)
      Other Automotive
        Returns on assets held in the TAA            (250)           96
      Mazda
        Impairment of dealer network goodwill        (214)            -
                                                    -----           ---
          Total Personnel and Dealer-Related Items -
           Automotive sector                        1,497          (579)
    Other Items:
    ------------
    Automotive Sector
      Ford North America
        Fixed asset impairment charges             (5,300)            -
        Gain/(Loss) on sale of ACH plants            (324)            -
        Accelerated depreciation related to AAI
         acquisition of leased facility               (82)            -
        Ballard restructuring/Other                   (70)            -
                                                     ----           ---
          Total Ford North America                 (5,776)            -
      Ford Europe
        Investment impairment and related charges       -          (100)
      Volvo
        Held-for-sale impairment                        -          (650)
        Held-for-sale cessation of depreciation and
         related charges                                -           290
                                                                                                           ---                      ---
                    Total  Volvo                                                                      -                    (360)
            Other  Automotive
                Liquidation  of  foreign  subsidiary  -  foreign
                  currency  translation  impact                                        -                    (281)
                Gain  on  debt  securities  exchanged  for  equity    108                          -
                Net  gains  on  debt  reduction  actions                          -                  4,663
                                                                                                                -                  -----
                    Total  Other  Automotive                                            108                  4,382
            Jaguar  Land  Rover
                Sale-related/Other*                                                        38                          3
                                                                                                            ---                      ---
                    Total  Other  Items  -  Automotive  sector        (5,630)                3,925
        Financial  Services  Sector
                DFO  Partnership  impairment                                            -                    (141)
                Ford  Credit  net  operating  lease  impairment
                  charge                                                                        (2,086)                        -
                DFO  Partnership  -  gain  on  sale                                    -                          9
                Gain  on  purchase  of  Ford  Holdings  debt
                  securities                                                                          -                        51
                                                                                                            ---                      ---
                    Total  Other  Items  -  Financial  Services
                      sector                                                                    (2,086)                    (81)
                                                                                                    -------                    ----
                        Total                                                                  $(6,219)              $3,265
                                                                                                    =======                ======

        Memo:
        Special  Items  Impact  on  Earnings  Per  Share**      $(2.17)                $1.15
                                                                                                      ======                  =====
 


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