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

We cannot be certain that any expectation, forecast or assumption made by management in preparing forward-looking statements will prove accurate, or that any projection 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 statement, whether as a result of new information, future events or otherwise. For additional discussion of these risks, see "Item 1A. Risk Factors" in our 2008 Form 10-K Report and subsequent Form 10-Q Reports.

    THIRD QUARTER & FIRST NINE MONTHS 2009 NET INCOME/(LOSS) COMPARED WITH
     2008

                                       Third Quarter      First Nine Months
                                       -------------      -----------------
                                      2008        2009     2008        2009
                                      ----        ----     ----        ----
    Revenue (Bils.)
    ---------------
    Revenue (Excluding Special
     Items)                          $31.7       $30.9   $109.1       $82.9
    Special Items*                       -           -      7.0           -
                                        --          --      ---          --
      Revenue                        $31.7       $30.9   $116.1       $82.9
                                     =====       =====   ======       =====

    Income (Mils.)
    --------------
    Pre-Tax Results from
     Continuing Operations
     (Excluding Special Items)     $(2,780)     $1,107  $(3,127)    $(1,299)
    Special Items*                   2,207         108   (6,219)      3,265
                                     -----         ---  -------       -----
    Pre-Tax Income/(Loss) from
     Continuing Operations           $(573)     $1,215  $(9,346)     $1,966

    (Provision for)/Benefit from
     Income Taxes                      463        (139)     811          40
                                       ---       -----      ---          --
    Income/(Loss) from Continuing
     Operations                      $(110)     $1,076  $(8,535)     $2,006
    Income/(Loss) from
     Discontinued Operations             -           -        9           5
                                        --          --       --          --
    Net Income/(Loss)                $(110)     $1,076  $(8,526)     $2,011
    Less: Income/(Loss)
     attributable to
     non-controlling interests          51          79      262         180
                                        --          --      ---         ---
       Net Income/(Loss)
        attributable to Ford         $(161)       $997  $(8,788)     $1,831
                                     =====        ====  =======      ======

* Special items detailed in Special Items tables below.

    THIRD QUARTER & FIRST NINE MONTHS 2009 INCOME/(LOSS) FROM CONTINUING
     OPERATIONS COMPARED WITH 2008

                                        Third Quarter     First Nine Months
                                        -------------     -----------------
    (in millions)                                     2008                2009          2008                2009
                                                                            ----                ----          ----                ----

        Pre-Tax  Results  from
          Continuing  Operations
          (Excluding  Special  Items)          $(2,780)          $1,107    $(3,127)        $(1,299)
        (Income)/Loss  Attributable  to
          Non-Controlling  Interests                  (51)                (79)        (262)              (180)
        (Provision  for)/Benefit  from
          Income  Taxes  applied  to
          Pre-Tax  Results  from
          Continuing  Operations
          (Excluding  Special  Items)                (178)              (155)        (549)                (78)
                                                                          -----              -----        -----                ----
        After-Tax  Result  (Excluding
          Special  Items)                                $(3,009)              $873    $(3,938)        $(1,557)


        Pre-Tax  Special  Items*                    $2,207                $108    $(6,219)          $3,265
        (Provision  for)/Benefit  from
          Income  Taxes  on  Special  Items          641                    16        1,360                  118
                                                                              ---                    --        -----                  ---
        Income/(Loss)  from  Continuing
          Operations  Attributable  to
          Ford                                                        $(161)              $997    $(8,797)          $1,826
                                                                          =====                ====    =======            ======

        (Provision  for)/Benefit  from
          Income  Taxes  applied  to
          Pre-Tax  Results  from
          Continuing  Operations
          (Excluding  Special  Items)              $(178)            $(155)      $(549)              $(78)
        (Provision  for)/Benefit  from
          Income  Taxes  on  Special  Items          641                    16        1,360                  118
                                                                              ---                    --        -----                  ---
        (Provision  for)/Benefit  from
          Income  Taxes                                          $463              $(139)        $811                  $40
                                                                            ====              -----          ====                  ===
 


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