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Ford Posts Full Year Profit for 2009; Fourth Quarter 2009 Net Income of $868 Million

Full year net income of $2.7 billion, or 86 cents per share, a $17.5 billion improvement from a year ago. Pre-tax operating profits of $454 million, a $7.3 billion improvement from a year ago++
Fourth quarter net income of $868 million, or 25 cents per share, a $6.8 billion improvement from a year ago. Pre-tax operating profits of $1.8 billion, a $5.5 billion improvement from a year ago++
Ford North America fourth quarter pre-tax operating profits of $707 million, a $2.6 billion improvement from a year ago++
Reduced Automotive structural costs by $500 million compared with the fourth quarter 2008, bringing the total 2009 reduction to $5.1 billion, exceeding the target of about $4 billion
Strong products drove full year market share gains in North America, South America and Europe as well as continued improvements in transaction prices and margins
Ended the year with $25.5 billion of Automotive gross cash and $34.3 billion in Automotive debt
Achieved positive Automotive operating-related cash flow of $3.1 billion for the fourth quarter. Full year Automotive operating-related cash outflow was $300 million, a $19.2 billion improvement over 2008
Ford Credit fourth quarter pre-tax operating profits of $696 million, a $1.1 billion improvement from a year ago
For full year 2010, Ford plans to be profitable on a pre-tax basis excluding special items, for North America, total Automotive and total company, with positive Automotive operating-related cash flow, based on its assumptions

Financial Results Summary*	Fourth Quarter			Full Year
	2008	2009	O/(U) 2008		2008	2009	O/(U) 2008
Wholesales (000) +	1,139	1,440	301		5,407	4,817	(590)
Revenue (Bils.) +	$ 29.0	$ 35.4	$ 6.4		$ 138.1	$ 118.3	$ (19.8)

Operating Results +
Automotive sector (Mils.)	$(3,339)	$1,070	$4,409		$(6,355)	$(1,423)	$4,932
Financial Services sector (Mils.)	(384)	683	1,067		(495)	1,877	2,372
Pre-Tax Results (Mils.)	$ (3,723)	$1,753	$ 5,476		$(6,850)	$ 454	$ 7,304

After-Tax Results (Mils.) +++	$ (3,333)	$ 1,565	$ 4,898		$(7,271)	$ 8	$ 7,279
Earnings Per Share +++	$ (1.40)	$ 0.43	$ 1.83		$ (3.20)	$ 0.00	$ 3.20

Special Items Pre-Tax (Mils.)	$ (1,429)	$ (711)	$ 718		$(7,648)	$ 2,554	$10,202

Net Income/(Loss) Attributable to Ford
After-Tax Results (Mils.)	$ (5,978)	$ 868	$ 6,846		$(14,766)	$ 2,699	$17,465
Earnings Per Share	$ (2.51)	$ 0.25	$ 2.76		$ (6.50)	$ 0.86	$ 7.36

Automotive Gross Cash (Bils.) +	$ 13.4	$ 25.5	$ 12.1		$ 13.4	$ 25.5	$ 12.1

*See end notes on page 10.

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