• Reported net income of $997 million, or 29 cents per share, an improvement of $1.2 billion from the third
quarter of 2008. Pre-tax operating profit totaled $1.1 billion, an improvement of $3.9 billion from a year ago.   
It is Ford’s first pre-tax operating profit since the first quarter of 2008  
• Ford North America posted a pre-tax operating profit of $357 million, its first profitable quarter since the first
quarter of 2005  
• Reduced Automotive structural costs by $1 billion, bringing the total reduction to $4.6 billion through the first
nine months of 2009, and exceeding the full-year target of $4 billion   
• A strong product lineup drove market share gains in North America, South America and Europe as well as
continued improvements in transaction prices and margins  
• Ended the quarter with $23.8 billion of Automotive gross cash, up $2.8 billion from the end of second quarter
2009++
• Achieved positive Automotive operating-related cash flow of $1.3 billion for the third quarter, a $2.3 billion
improvement over the second quarter  
• Ford Credit reported a pre-tax operating profit of $677 million, a $516 million improvement from a year ago  
• Ford now expects to be solidly profitable  in 2011, excluding special items, with positive operating-related      
cash flow  

DEARBORN, Mich., Nov. 2,  2009 – Ford Motor Company [NYSE: F] today reported net income of          
$997 million, or 29 cents per share, in the third quarter as strong new products, structural cost reductions and
improved results at Ford Credit lifted the company’s results despite continued weak global economic
conditions. This is a $1.2 billion improvement compared with the same period last year.
 
Excluding special items, Ford posted pre-tax operating profits totaling $1.1 billion, an improvement of $3.9
billion from a year ago.  This marks the company’s first operating profit since the first quarter of 2008.  On an
after-tax basis, excluding special items, Ford posted an operating profit of $873 million in the third quarter, or
26 cents per share, compared with a loss of $3 billion, or $1.32 per share, a year ago.   
 
Ford’s North American operations posted a pre-tax operating profit of $357 million, its first quarterly profit
since the first quarter of 2005.  Ford South America, Ford Europe and Ford Asia Pacific Africa also posted   
pre-tax operating profits in the third quarter.  
 
“Our third quarter results clearly show that Ford is making tremendous progress despite the prolonged slump in
the global economy,” said Ford President and CEO Alan Mulally.  “Our solid product lineup is leading the way
in all markets.  While we still face a challenging road ahead, our One Ford transformation plan is working and
our underlying business continues to grow stronger.”
 
Ford’s third quarter revenue was $30.9 billion, down $800 million from the same period a year ago.
Automotive revenue is up $100 million from a year ago. This improvement was offset by a decrease in Ford
Credit’s revenue reflecting a decline in receivables.  
 
Ford reduced its Automotive structural costs by $1 billion in the quarter, largely driven by lower manufacturing
and engineering costs, which included benefits from improved productivity, personnel reduction actions
primarily in North America and Europe, and progress on implementing its common global platforms and
product development processes.  Through the first nine months, Ford has achieved $4.6 billion in Automotive
structural cost reductions, exceeding its full-year 2009 target of $4 billion.  
 
Ford finished the third quarter with $23.8 billion in Automotive gross cash, compared with $21 billion at the end of
the second quarter of 2009.  Automotive operating-related cash flow was $1.3 billion positive during the third
quarter of 2009, an improvement of $2.3 billion from the second quarter 2009.  Automotive operating-related cash
flow was $3.4 billion negative during the first nine months.  
 
“The Ford team delivered another solid quarter of results with strong contributions from all our business
regions,” said Lewis Booth, Ford executive vice president and chief financial officer.  “Positive cash flow, a
stronger balance sheet and a third quarter operating profit are evidence that Ford is meeting the global
economic challenges.”

For the third quarter of 2009, Ford’s Automotive sector reported a pre-tax operating profit of $446 million,
compared with a pre-tax loss of $2.9 billion a year ago.  The improvement primarily reflects favorable net
pricing, structural cost reductions, lower material costs and improved market share, offset partially by
unfavorable exchange and lower industry volumes. 
 
Worldwide Automotive revenue in the third quarter was $27.9 billion, up $100 million from a year ago.  The
increase is more than explained by favorable net pricing and higher volumes, primarily in North America,
offset partially by unfavorable exchange. Total vehicle wholesales in the third quarter were 1,232,000,
compared with 1,175,000 units a year ago.  

Automotive structural cost reductions in the third quarter totaled $1 billion, including $500 million in North
America. Manufacturing and engineering costs were $500 million lower, largely reflecting the continued
benefits of improved productivity, personnel reduction actions primarily in North America and Europe, and
progress on the implementation of Ford’s common global platforms and product development processes. 
Pension and retiree health care costs were lower, reflecting the effect of the UAW Retiree Health Care VEBA
agreement.  Overall, Ford reduced Automotive structural costs by $4.6 billion during the first nine months.     
 
Net pricing was $1.9 billion favorable, primarily explained by higher U.S. net pricing, reflecting the success of
new products, a continued disciplined approach on incentives and selective top-line pricing. 
 
North America: For the third quarter, Ford North America reported a pre-tax operating profit of $357 million,
compared with a loss of $2.6 billion a year ago.  The improvement was primarily explained by favorable net
pricing, lower material costs, structural cost reductions, favorable series mix and improved market share, offset
partially by unfavorable exchange and lower U.S. industry volume.  Third quarter revenue was $13.7 billion, up
from $10.8 billion a year ago.   
 
South America: For the third quarter, Ford South America reported a pre-tax operating profit of $247 million,
compared with a profit of $480 million a year ago.  The decrease is more than explained by unfavorable
exchange, primarily in Brazil and Argentina. Third quarter revenue was $2.1 billion, down from $2.7 billion a
year ago.   
 
Europe: For the third quarter, Ford Europe reported a pre-tax operating profit of $193 million, compared with
a profit of $69 million a year ago.  The improvement was more than explained by structural cost reductions,
lower material costs and favorable net pricing, offset partially by unfavorable volume and mix and exchange.
Third quarter revenue was $7.6 billion, down from $9.7 billion a year ago.
 
Asia Pacific Africa: For the third quarter, Ford Asia Pacific Africa reported a pre-tax operating profit of
$27 million, compared with a profit of $4 million a year ago.  The increase primarily reflects favorable net
pricing, China joint venture profits, and cost reductions, offset partially by unfavorable exchange. Third quarter
revenue was $1.5 billion, down from *** billion a year ago.
 
Volvo: Volvo continues to be reported as an ongoing operation. The effects of “held-for-sale” accounting-
related adjustments are reported as special items. For the third quarter, Volvo reported a pre-tax operating loss
of $135 million, compared with a loss of $458 million a year ago.  The improvement is more than explained by
continued progress on cost reductions, favorable exchange, and higher volume and mix.  Third quarter revenue
was $3 billion, up from $2.9 billion a year ago.  Also, as announced last week, Ford confirmed Geely as the
preferred bidder in the ongoing discussions concerning the possible sale of Volvo Cars.

Other Automotive: Other Automotive, which consists primarily of interest and financing-related costs, was a
third quarter pre-tax loss of $243 million.
For the third quarter, the Financial Services sector reported a pre-tax operating profit of $661 million, compared
with a profit of $159 million a year ago.

 Ford Motor Credit Company: For the third quarter, Ford Credit reported a pre-tax operating profit of $677
million, compared with a pre-tax profit of $161 million a year ago.  The increase primarily reflected lower
residual losses due to higher auction values, and lower provisions for credit losses, offset partially by lower
volume. 
Other Financial Services: For the third quarter, Other Financial Services reported a pre-tax operating loss of
$16 million in the third quarter, compared with a loss of $2 million a year ago.  
 
OUTLOOK 
Despite the severe global downturn, Ford said it continues to make progress on all four pillars of its plan:
• Aggressively restructure to operate profitably at the current demand and changing model mix
• Accelerate the development of new products that customers want and value
• Finance the plan and improve the balance sheet
• Work together effectively as one team, leveraging Ford’s global assets
 
Ford said it remains on track to achieve or exceed all of its 2009 financial targets and almost all of its
operational metrics.  Ford will also continue to pursue actions to improve its balance sheet.  
 
Ford expects full-year 2009 U.S. industry sales will be about 10.6 million units, consistent with the guidance
previously communicated by the company. In Europe, Ford now expects that full-year industry sales will be
about 15.7 million units, which is higher than its previous guidance.  
 
Ford expects fourth quarter 2009 production to be up compared with year-ago levels and third quarter 2009
production. This increase is to return to planned dealer stock levels and match production with market demand
for Ford products. 

Ford now expects full-year Automotive structural cost reductions of about $5 billion, exceeding its full-year
2009 target. These costs were reduced by $4.6 billion through the first nine months.  Going forward, Ford
expects structural costs to be relatively stable as the company has largely completed its significant restructuring
actions over the past four years. 
 
The company said it expects full-year U.S. and Europe market share to remain at about the same levels
achieved during the first nine months.   
 
Ford expects Automotive operating-related cash flow to be positive in the fourth quarter, based on the
company’s present planning assumptions. 
 
Ford now expects capital spending of about $5 billion, or slightly less. Capital expenditures through the first
nine months were $3.4 billion; higher projected fourth quarter spending reflects the timing of Ford’s product
launches as the company maintains its product plans.   
 
Ford Credit expects to be profitable in the fourth quarter and for the full-year 2009.  Next year, Ford Credit
expects reduced profits based on lower average receivables and the non-recurrence of favorable 2009 factors.  
 
Based on its recent performance and present planning assumptions, Ford is changing its full-year 2011
guidance for total company and North American Automotive operations from being “breakeven or better” to
“solidly profitable” on a pre-tax basis excluding special items, with positive Automotive operating-related   
cash flow.   
 
While the company has confidence that the global economy will be improving by 2011, the near-term growth
outlook remains rather uncertain. Looking at 2010, there is a high likelihood of a substantial decrease in
European industry volume as scrappage programs expire. This decrease could more than offset U.S. sales
volumes, which may improve somewhat from this past quarter’s levels. 
 
Ford expects to know more about the state of the global economic recovery and its impact on 2010 auto
industry volumes in the coming months.  Early next year, Ford will provide guidance on its 2010 planning
assumptions and operational metrics when the company releases its full-year 2009 results.   
 
“The third quarter is one the entire Ford extended team can be proud of because it proves that our product-led
transformation is working,” Mulally said. “Leading indicators are now showing signs of recovery in all of our
major markets, however, consumer confidence and labor market conditions remain a concern.

“Despite the continued economic headwinds, we remain confident that we have the right plan and are taking the
right actions to transform Ford into a lean company that delivers profitable growth for all our stakeholders,”
Mulally added.

Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or
distributes automobiles across six continents.  With about 200,000 employees and about 90 plants worldwide,
the company’s brands include Ford, Lincoln, Mercury and Volvo.  The company provides financial services
through Ford Motor Credit Company.  For more information regarding Ford’s products, please visit
www.ford.com.


+ The financial results discussed herein are presented on a preliminary basis; final data will be included in Ford's Quarterly
Report on Form 10-Q for the quarter ended September 30, 2009.  “Net income” and “Net loss” herein refer to “Net
income/(loss) attributable to Ford” on our Statement of Operations, reflecting new presentation required by new accounting
standards.  2008 results have been adjusted for the effect of new accounting standards, and for the reclassification of certain
Financial Services sector revenue items.  Discussion of overall Automotive cost changes, including structural cost changes
(e.g., manufacturing and engineering, pension/OPEB, overhead, etc.), is at constant exchange and excludes special items and
discontinued operations.  In addition, costs that vary directly with production volume, such as material, freight, and warranty
costs, are measured at constant volume and mix. See tables following the "Safe Harbor/Risk Factors” for the nature and
amount of special items, and reconciliation of items designated as “excluding special items” to U.S. generally accepted
accounting principles (“GAAP”).