SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 18, 1995
FORD MOTOR COMPANY
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-3950 38-0549190
(Commission File Number) (IRS Employer Identification No.)
The American Road, Dearborn, Michigan 48121
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 313-322-3000
<PAGE>
Item 5. Other Events.
News release dated October 18, 1995, filed as Exhibit 20 to
this Current Report on Form 8-K, is incorporated by reference
herein.
Fourth Quarter Outlook
----------------------
Ford Motor Company ("Ford") expects that its net income in the fourth
quarter of 1995 will be higher than its net income of $357 million in the
third quarter of 1995, but will be well below its net income of $1,569 million
in the fourth quarter of 1994. Lower production in North America, the
continuation of major new product launches in North America (F-150) and in
Europe (Fiesta), higher costs associated with additional reductions in
personnel and continued adverse foreign exchange effects are expected to
result in lower earnings in the fourth quarter this year compared with a
year ago.
Longer-Term Outlook
-------------------
In the U.S., Ford expects that the strong growth experienced in 1994
will slow to a more sustainable pace in the 1995 to 1997 period, with
industry sales of 15 million or more units per year. In Europe, Ford
expects the economic recovery there to continue and industry volumes should
improve for the next several years.
While Ford's automotive margins have declined this year, Ford
expects them to improve in future years, as the benefits of Ford 2000
are realized.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
EXHIBITS
--------
<TABLE>
<CAPTION>
Designation Description Method of Filing
- ----------- ------------ ----------------
<S> <C> <C>
Exhibit 20 News release dated October 18, 1995. Filed with this Report
Exhibit 27.1 Financial Data Schedule Automotive Segment Filed with this Report
Exhibit 27.2 Financial Data Schedule Financial Services Segment Filed with this Report
Exhibit 27.3 Financial Data Schedule Conglomerate Total Filed with this Report
</TABLE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized on the
date indicated.
FORD MOTOR COMPANY
(Registrant)
Date: October 18, 1995 By:/s/T. J. DeZure
--------------------
T. J. DeZure
Assistant Secretary
<TABLE>
<CAPTION>
EXHIBIT INDEX
-------------
DESIGNATION DESCRIPTION PAGE
- ----------- ----------- ----
<S> <C> <C>
Exhibit 20 News release dated October 18, 1995.
Exhibit 27.1 Financial Data Schedule - Automotive Segment
Exhibit 27.2 Financial Data Schedule - Financial Services Segment
Exhibit 27.3 Financial Data Schedule - Conglomerate Total
</TABLE>
Global News Communications
Ford Motor Company
The American Road
Room 904
Dearborn, MI 48121
Telephone: (313)322-9600
Fax: (313)845-0570
(313)337-1764
FOR RELEASE AT 8 A.M. (EASTERN) WEDNESDAY, OCT. 18
Contact: Media Inquiries Broadcast Media Stockholder Inquiries
Terry Bresnihan Brenda Hines Stockholder Relations
(313) 322-9600 (313) 322-9600 (313) 845-8540
FORD EARNS $357 MILLION IN THIRD QUARTER;
BRINGS NET TO $3.5 BILLION FOR NINE MONTHS
DEARBORN, Mich., Oct. 18 -- Ford earned $357 million or
$0.28 per share of common and Class B stock in the third quarter
of 1995, compared with earnings of $1.12 billion or $1.04 per
share for the third quarter of 1994.
In the first nine months of this year, Ford earned $3.5
billion, compared with $3.7 billion through the first nine months
of last year. Earnings per share for nine months were $3.13,
compared with $3.50 through nine months last year.
In the third quarter, lower production volumes, primarily in
the United States, had the single biggest impact on the company's
results. Ford's sales to dealers in the U.S. were 869,000 units,
down 123,000 units, or 12 percent, from the third quarter of
1994.
The decrease reflected unusually high production in the
year-ago period as well as units lost this quarter because of
major new model launches and component shortages.
The Financial Services Group achieved record earnings in
Ford Credit, The Associates and USL Capital. Hertz, a wholly
owned subsidiary of Ford, also posted record profitability in the
third quarter. <PAGE>
-2-
SUMMARY OF THIRD-QUARTER 1995 COMPARED WITH 1994
Overview
- --------
- - Total earnings were $357 million, compared with $1.12
billion.
- - Earnings per share were $0.28, compared with $1.04.
- - Worldwide sales and revenues were $31.4 billion, compared
with $30.6 billion.
Automotive
- ----------
- - Worldwide automotive operations lost $201 million, compared
with a profit of $619 million.
- - Net income from U.S. automotive operations was $187 million,
compared with $553 million.
- - Automotive operations outside the U.S. lost $388 million,
compared with a profit of $66 million.
Financial Services Group
- ------------------------
- - The Financial Services Group earned $558 million, compared
with $505 million.
- - Ford Credit earned $357 million, compared with $315 million.
- - The Associates Corp. of North America earned $188 million,
compared with $162 million.
- - USL Capital earned $31 million, compared with $27 million.
- - Hertz earned $65 million, compared with $61 million.
Sales and Market Share
- ----------------------
- - Worldwide vehicle unit sales were 1,435,000, compared with
1,576,000.
- - Combined car and truck share in the U.S. was 24.8 percent,
compared with 25.2 percent.
- - Combined car and truck share in Europe was 12.9 percent,
compared with 12.8 percent.
Balance Sheet
- -------------
- - Stockholders' equity was $25 billion, compared with $20
billion.
- - Automotive cash and marketable securities were $12.2 billion,
compared with $13.9 billion.
- - Automotive debt was $6.8 billion, compared with $7.2 billion.
- - Automotive net cash was $5.4 billion, compared with $6.7
billion.
- - Capital spending was $2.3 billion, compared with $2.5
billion.
<PAGE>
-3-
AUTOMOTIVE OPERATIONS
"This is clearly a transitional period for Ford in the near
term," said Alex Trotman, chairman and chief executive officer.
"We are in the process of launching a record wave of industry-
leading new products, including the Ford Taurus and Mercury Sable
and the replacement of the F-150 pick-up truck -- our highest
volume vehicle. In Europe, we are launching our all-new Galaxy
minivan and we are ramping up production of our new Fiesta.
Early feedback on customer reaction to these new products is very
positive."
Ford's worldwide automotive operations experienced a loss of
$201 million in the third quarter of 1995. This compares with
earnings of $619 million in the third quarter of last year.
In the U.S., Ford earned $187 million for the quarter, down
$366 million from a year earlier. The drop in production volumes
and costs associated with introducing new models accounted for
the decrease in earnings. Cost efficiencies partially offset
these factors.
In Europe, there was a loss of $320 million in automotive
operations, compared with a loss of $37 million a year earlier.
Europe's results were affected by lower volume and higher
marketing costs, the cost of introducing new models and currency
changes.
Outside of Europe and the U.S., Ford posted a loss of $68
million, compared with a profit of $103 million a year earlier.
The decline is primarily attributable to Brazil, where higher
import duties and a market shift to small cars have resulted in
excess inventories and higher marketing costs.
"Third-quarter results in our automotive operations were
weak but not unexpected," Trotman said. "Still, we are confident
about the future. Ford is in the midst of putting its most
impressive vehicle line-up ever on the streets, ready to compete
efficiently and effectively."
From now through early next year, the company is launching
the new Ford Taurus, Mercury Sable, F-150 pick-up truck, Ford
Escort and Mercury Tracer in North America, and the Ford Fiesta
and Galaxy in Europe.
<PAGE>
-4-
In the U.S., the new products will represent about 35
percent of Ford's volume compared to more typical years when new
products represent about 10 to 15 percent of volume. And in
Europe, Fiesta is Ford's highest volume product.
"There will be costs associated with this record launch of
new models, but their introduction into what we believe will be
healthy industries in 1996 and 1997 will increase our
competitiveness in the highest volume segments in the business,"
Trotman said. "Every indication is that these core products will
do very well in their respective markets and contribute
significantly to our performance."
FINANCIAL SERVICES
Ford's Financial Services Group earned a record $558 million
in the third quarter of 1995, up $53 million from the year
earlier period.
Each of the major businesses in the Group set third-quarter
records. Ford Credit's profit of $357 million was up $42 million
from a year earlier. The Associates earned $188 million, up $26
million from a year earlier. USL Capital earned $31 million, up
$4 million from a year earlier.
"The Financial Services Group set an any-quarter earnings
record," Trotman said. "Even with intense pressure on margins
and the fierce competition in the financial services industry,
our Financial Services Group continues to be a powerful
contributor."
REENGINEERING OF COMPANY ON TRACK
Trotman said that Ford 2000 is progressing well on both
product and cost initiatives. "New processes and state-of-the-
art technology in product development will help us bring more new
vehicles to market at a much more cost-effective level than in
the past," he said. The company will also continue to apply new
manufacturing technologies to its worldwide production system to
ensure even higher levels of quality and bring more cost savings.
Trotman said that Ford is working cooperatively with
suppliers to help drive costs down. "There's much work to be
done in this area, but as we develop even closer associations
both our suppliers and Ford will benefit through improved
efficiency."
<PAGE>
-5-
He also noted that the company's growth strategy saw some
impressive progress during the third quarter with initiatives in
a number of key emerging markets, including China, India, Korea,
Thailand and Vietnam.
"Our objective is enhancing value. We must give customers
more value for their money and our stockholders more value for
their investment," Trotman said. "The fundamentals and longer-
term prospects for Ford to achieve this objective remain
excellent."
# # #
10-18-95
<PAGE>
Ford Motor Company and Subsidiaries
HIGHLIGHTS
----------
<TABLE>
<CAPTION>
Third Quarter Nine Months
------------------------- -------------------------
1995 1994 1995 1994
-------- -------- -------- --------
<S> <C> <C> <C> <C>
Worldwide vehicle unit sales of
cars and trucks (in thousands)
- - United States 869 992 3,038 3,167
- - Outside United States 566 584 1,978 1,979
----- ----- ----- -----
Total 1,435 1,576 5,016 5,146
===== ===== ===== =====
Sales and revenues (in millions)
- - Automotive $24,437 $24,926 $ 82,899 $79,371
- - Financial Services 6,981 5,696 19,691 15,425
------- ------- -------- -------
Total $31,418 $30,622 $102,590 $94,796
======= ======= ======== =======
Net income/(loss) (in millions)
- - Automotive $ (201) $ 619 $ 2,040 $ 2,794
- - Financial Services 558 505 1,439 945*
------- ------- -------- -------
Total $ 357 $ 1,124 $ 3,479 $ 3,739
======= ======= ======== =======
Capital expenditures (in millions)
- - Automotive $ 2,254 $ 2,426 $ 6,204 $ 5,906
- - Financial Services 76 50 223 171
------- ------- -------- -------
Total $ 2,330 $ 2,476 $ 6,427 $ 6,077
======= ======= ======== =======
Stockholders' equity at September 30
- - Total (in millions) $24,955 $19,985 $ 24,955 $19,985
- - After-tax return on Common and
Class B stockholders' equity 5.4% 26.7% 20.9% 33.1%
Automotive cash, cash equivalents,
and marketable securities at
September 30 (in millions) $12,241 $13,915 $ 12,241 $13,915
Automotive debt at September 30
(in millions) $ 6,829 $ 7,233 $ 6,829 $ 7,233
Automotive after-tax return on sales ** 2.5% 2.5% 3.5%
Shares of Common and Class B Stock
(in millions)
- - Average number outstanding 1,083 1,014 1,049 1,006
- - Number outstanding at September 30 1,090 1,017 1,090 1,017
AMOUNTS PER SHARE OF COMMON AND
CLASS B STOCK AFTER PREFERRED
STOCK DIVIDENDS
Income/(Loss)
- - Automotive $ (0.24) $ 0.54 $ 1.76 $ 2.56
- - Financial Services 0.52 0.50 1.37 0.94
------- ------- -------- -------
Total $ 0.28 $ 1.04 $ 3.13 $ 3.50
======= ======= ======== =======
Income assuming full dilution $ 0.27 $ 0.93 $ 2.85 $ 3.13
Cash dividends per share of Common
and Class B Stock $ 0.31 $ 0.225 $ 0.88 $ 0.65
</TABLE>
- - - - - -
*Includes a loss of $440 million related to the disposition
of Granite Savings Bank (formerly First Nationwide Bank)
**Results in this period were a loss
Segment results for 1994 have been adjusted to reflect reclassification of
certain tax amounts to conform with the 1995 presentation.
<PAGE>
Ford Motor Company and Subsidiaries
UNIT SALES
----------
For the Periods Ended September 30, 1995 and 1994
(in thousands)
<TABLE>
<CAPTION>
Third Quarter Nine Months
--------------------------- ------------------------
1995 1994 1995 1994
---------- ---------- ---------- --------
<S> <C> <C> <C> <C>
North America
United States
Cars 377 470 1,333 1,506
Trucks 492 522 1,705 1,661
----- ----- ----- -----
Total United States 869 992 3,038 3,167
Canada 46 56 178 206
Mexico 3 20 21 65
----- ----- ----- -----
Total North America 918 1,068 3,237 3,438
Europe
Britain 105 122 371 411
Germany 93 73 325 282
France 40 41 124 135
Spain 33 40 129 122
Italy 31 34 139 140
Other countries 58 60 212 210
----- ----- ----- -----
Total Europe 360 370 1,300 1,300
Other international
Brazil 45 44 153 121
Australia 41 30 107 87
Taiwan 27 20 90 76
Japan 14 13 44 37
Argentina 13 17 34 41
Other countries 17 14 51 46
----- ----- ----- -----
Total other international 157 138 479 408
----- ----- ----- -----
Total worldwide vehicle unit sales 1,435 1,576 5,016 5,146
===== ===== ===== =====
</TABLE>
Vehicle unit sales are reported worldwide on a "where sold" basis and
include sales of all Ford-badged units, as well as units manufactured
by Ford and sold to other manufacturers.
Third Quarter 1994 and Nine Months 1994 unit sales have been restated
to reflect the country where sold and to include sales of all Ford-badged
units. Previously, factory unit sales were reported in North America on
a "where sold" basis and overseas on a "where produced" basis. Also,
Ford-badged unit sales of certain unconsolidated subsidiaries (primarily
Autolatina -- Brazil and Argentina) were not previously reported.
<PAGE>
Ford Motor Company and Subsidiaries
CONSOLIDATED STATEMENT OF INCOME
--------------------------------
For the Periods Ended September 30, 1995 and 1994
(in millions)
<TABLE>
<CAPTION>
Third Quarter Nine Months
------------------------- -------------------------
1995 1994 1995 1994
-------- -------- -------- --------
(unaudited) (unaudited)
<S> <C> <C> <C> <C>
AUTOMOTIVE
Sales $24,437 $24,926 $82,899 $79,371
Costs and expenses (Note 2)
Costs of sales 23,260 22,800 75,129 71,019
Selling, administrative, and other expenses 1,381 1,137 4,418 3,838
------- ------- ------- -------
Total costs and expenses 24,641 23,937 79,547 74,857
Operating (loss)/income (204) 989 3,352 4,514
Interest income 171 126 594 417
Interest expense 151 190 491 529
------- ------- ------- -------
Net interest income/(expense) 20 (64) 103 (112)
Equity in net (loss)/income of
affiliated companies (190) 84 (151) 193
Net expense from transactions with
Financial Services (42) (9) (101) (28)
------- ------- ------- -------
(Loss)/Income before income taxes - Automotive (416) 1,000 3,203 4,567
FINANCIAL SERVICES
Revenues 6,981 5,696 19,691 15,425
Costs and expenses
Interest expense 2,437 1,774 6,948 5,040
Depreciation 1,715 1,390 4,836 3,490
Operating and other expenses 1,421 1,245 4,049 3,292
Provision for credit and insurance losses 472 400 1,337 1,153
Loss on disposition of Granite Savings Bank
(formerly First Nationwide Bank) - - - 475
------- ------- ------- -------
Total costs and expenses 6,045 4,809 17,170 13,450
Net revenue from transactions with Automotive 42 9 101 28
------- ------- ------- -------
Income before income taxes - Financial Services 978 896 2,622 2,003
------- ------- ------- -------
TOTAL COMPANY
Income before income taxes 562 1,896 5,825 6,570
Provision for income taxes 157 737 2,198 2,723
------- ------- ------- -------
Income before minority interests 405 1,159 3,627 3,847
Minority interests in net income of subsidiaries 48 35 148 108
------- ------- ------- -------
Net income 357 1,124 3,479 3,739
Preferred stock dividend requirements 55 72 196 216
------- ------- ------- -------
Income attributable to Common and Class B Stock $ 302 $ 1,052 $ 3,283 $ 3,523
======= ======= ======= =======
Average number of shares of Common and Class B
Stock outstanding 1,083 1,014 1,049 1,006
AMOUNTS PER SHARE OF COMMON AND CLASS B STOCK
AFTER PREFERRED STOCK DIVIDENDS
Income $ 0.28 $ 1.04 $ 3.13 $ 3.50
======= ======= ======= =======
Income assuming full dilution $ 0.27 $ 0.93 $ 2.85 $ 3.13
Cash dividends $ 0.31 $ 0.225 $ 0.88 $ 0.65
</TABLE>
The accompanying notes are part of the financial statements.
<PAGE>
<TABLE>
<CAPTION>
Ford Motor Company and Subsidiaries
CONSOLIDATED BALANCE SHEET
--------------------------
(in millions)
September 30, December 31,
1995 1994
------------- ------------
ASSETS (unaudited)
<S> <C> <C>
Automotive
Cash and cash equivalents $ 6,621 $ 4,481
Marketable securities 5,620 7,602
-------- --------
Total cash, cash equivalents, and marketable securities 12,241 12,083
Receivables 2,886 2,548
Inventories (Note 3) 6,845 6,487
Deferred income taxes 2,980 3,062
Other current assets 1,917 2,006
Net current receivable from Financial Services 283 677
-------- --------
Total current assets 27,152 26,863
Equity in net assets of affiliated companies 3,454 3,554
Net property 29,972 27,048
Deferred income taxes 4,088 4,414
Other assets 7,149 6,760
-------- --------
Total Automotive assets 71,815 68,639
Financial Services
Cash and cash equivalents 1,943 1,739
Investments in securities 7,187 6,105
Net receivables and lease investments 144,117 130,356
Other assets 13,514 12,783
-------- --------
Total Financial Services assets 166,761 150,983
-------- --------
Total assets $238,576 $219,622
======== ========
LIABILITIES AND STOCKHOLDERS' EQUITY
Automotive
Trade payables $ 10,637 $ 10,777
Other payables 1,994 2,280
Accrued liabilities 13,170 11,943
Income taxes payable 431 316
Debt payable within one year 793 155
-------- --------
Total current liabilities 27,025 25,471
Long-term debt 6,036 7,103
Other liabilities 25,706 24,920
Deferred income taxes 1,166 1,216
-------- --------
Total Automotive liabilities 59,933 58,710
Financial Services
Payables 2,953 2,361
Debt 135,912 123,713
Deferred income taxes 3,735 2,958
Other liabilities and deferred income 8,829 7,669
Net payable to Automotive 283 677
-------- --------
Total Financial Services liabilities 151,712 137,378
Preferred stockholders' equity in a subsidiary company 1,976 1,875
Stockholders' equity
Capital stock
Preferred Stock, par value $1.00 per share (aggregate
liquidation preference of $2.6 billion and $3.4 billion) * *
Common Stock, par value $1.00 per share (1,020 and 952 million shares issued) 1,020 952
Class B Stock, par value $1.00 per share (71 million shares issued) 71 71
Capital in excess of par value of stock 5,531 5,273
Foreign currency translation adjustments and other 800 189
Earnings retained for use in business 17,533 15,174
-------- --------
Total stockholders' equity 24,955 21,659
-------- --------
Total liabilities and stockholders' equity $238,576 $219,622
======== ========
</TABLE>
- - - - - -
*Less than $1 million
The accompanying notes are part of the financial statements.
<PAGE>
<TABLE>
<CAPTION>
Ford Motor Company and Subsidiaries
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
----------------------------------------------
For the Periods Ended September 30, 1995 and 1994
(in millions)
Nine Months 1995 Nine Months 1994
---------------------- ---------------------
Financial Financial
Automotive Services Automotive Services
---------- --------- ---------- ---------
(unaudited) (unaudited)
<S> <C> <C> <C> <C>
Cash and cash equivalents at January 1 $ 4,481 $ 1,739 $ 5,667 $ 2,555
Cash flows from operating activities before securities trading 6,796 9,171 10,717 6,852
Net sales/(purchases) of trading securities 1,982 256 (2,765) (18)
-------- -------- -------- --------
Net cash flows from operating activities 8,778 9,427 7,952 6,834
Cash flows from investing activities
Capital expenditures (6,204) (223) (5,906) (171)
Acquisitions of other companies - - - (426)
Acquisitions of receivables and lease investments - (71,414) - (64,310)
Collections of receivables and lease investments - 51,210 - 43,134
Proceeds from sales of receivables and lease investments - 2,728 - 2,526
Net acquisitions of daily rental vehicles - (1,672) - (1,013)
Purchases of securities (47) (4,748) (116) (9,515)
Sales and maturities of securities 50 3,748 252 8,970
Investing activity with Financial Services (237) - 9 -
Other (400) (171) 407 (536)
-------- -------- -------- --------
Net cash used in investing activities (6,838) (20,542) (5,354) (21,341)
Cash flows from financing activities
Cash dividends (1,120) - (869) -
Issuance of Common Stock 326 - 375 -
Changes in short-term debt 665 2,481 (795) 8,024
Proceeds from issuance of other debt 0 16,532 158 15,265
Principal payments on other debt (207) (7,931) (41) (10,262)
Financing activity with Automotive - 237 - (9)
Receipts from annuity contracts - 276 - 875
Other 6 139 (20) (389)
-------- -------- -------- -------
Net cash (used in)/provided by financing activities (330) 11,734 (1,192) 13,504
Effect of exchange rate changes on cash 136 (21) 441 169
Net transactions with Automotive/Financial Services 394 (394) (321) 321
-------- -------- -------- --------
Net increase/(decrease) in cash and cash equivalents 2,140 204 1,526 (513)
-------- -------- -------- --------
Cash and cash equivalents at September 30 $ 6,621 $ 1,943 $ 7,193 $ 2,042
======== ======== ======== ========
</TABLE>
The accompanying notes are part of the financial statements.
<PAGE>
Ford Motor Company and Subsidiaries
NOTES TO FINANCIAL STATEMENTS
-----------------------------
(unaudited)
1. Financial Statements - The financial data presented
herein are unaudited, but in the opinion of management
reflect those adjustments necessary for a fair
presentation of such information. Results for interim
periods should not be considered indicative of results
for a full year. Reference should be made to the
financial statements contained in the registrant's
Annual Report on Form 10-K (the "10-K Report") for the
year ended December 31, 1994. For purposes hereof,
"Ford" or the "Company" means Ford Motor Company and its
majority-owned subsidiaries unless the context requires
otherwise. Certain amounts for prior periods have been
reclassified to conform with presentations adopted in
1995.
2.Selected Automotive costs and expenses are summarized
as follows (in millions):
Third Quarter Nine Months
----------------------- -----------------------
1995 1994 1995 1994
------ ------ ------ ------
Depreciation $622 $555 $1,816 $1,700
Amortization 731 408 2,072 1,532
3. Automotive inventories are summarized as follows (in millions):
<TABLE>
<CAPTION>
September 30, December 31,
1995 1994
------------- ------------
<S> <C> <C>
Raw materials, work in process and supplies $3,426 $3,192
Finished products 3,419 3,295
------ ------
Total inventories $6,845 $6,487
====== ======
U.S. inventories $2,987 $2,917
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
Automotive Segment - This schedule contains summary financial information
extracted from Ford's Form 10-Q for the period ended September 30, 1995 and
is qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000037996
<NAME> FORD MOTOR COMPANY
<MULTIPLIER> 1,000,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> SEP-30-1995
<CASH> 6,621
<SECURITIES> 5,620
<RECEIVABLES> 2,958
<ALLOWANCES> 72
<INVENTORY> 6,845
<CURRENT-ASSETS> 27,152
<PP&E> 66,062
<DEPRECIATION> 36,090
<TOTAL-ASSETS> 71,815
<CURRENT-LIABILITIES> 27,025
<BONDS> 6,036
<COMMON> 0
0
0
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 0
<SALES> 82,899
<TOTAL-REVENUES> 82,899
<CGS> 75,129
<TOTAL-COSTS> 79,547
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 491
<INCOME-PRETAX> 3,203
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 0
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
Financial Services Segment - This schedule contains summary financial
information extracted from Ford's Form 10-Q for the period ended September
30, 1995 and is qualified in its entirety by reference to such financial
statements. The error message indicated on this FDS is a result of the
EDGAR system's inability to accept multiple Article 5 Financial
Data Schedules. Accordingly, the error message should be ignored.
</LEGEND>
<CIK> 0000037996
<NAME> FORD MOTOR COMPANY
<MULTIPLIER> 1,000,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> SEP-30-1995
<CASH> 1,943
<SECURITIES> 7,187
<RECEIVABLES> 144,117
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 166,761
<CURRENT-LIABILITIES> 0
<BONDS> 135,912
<COMMON> 0
0
0
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 0
<SALES> 19,691
<TOTAL-REVENUES> 19,691
<CGS> 0
<TOTAL-COSTS> 17,170
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 1,337
<INTEREST-EXPENSE> 6,948
<INCOME-PRETAX> 2,622
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 0
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> CT
<LEGEND>
Conglomerate Totals - This schedule contains summary financial information
extracted from Ford's Form 10-Q for the period ended September 30, 1995 and
is qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000037996
<NAME> FORD MOTOR COMPANY
<MULTIPLIER> 1,000,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> SEP-30-1995
<TOTAL-ASSETS> 238,576
<COMMON> 1,091
0
0
<OTHER-SE> 23,864
<TOTAL-LIABILITY-AND-EQUITY> 238,576
<TOTAL-REVENUES> 102,590
<INCOME-TAX> 2,198
<INCOME-CONTINUING> 3,479
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 3,479
<EPS-PRIMARY> 3.13
<EPS-DILUTED> 2.85
</TABLE>
