Ford Makes a Tidy Profit

PRESS RELEASE

FORD POSTS THIRD QUARTER 2009 NET INCOME OF $1 BILLION; CASH FLOW TURNS POSITIVE; NORTH AMERICA PROFITABLE+

• 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