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) April 19, 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 April 19, 1995, filed as Exhibit 20 to this Current
Report on Form 8-K, is incorporated by reference herein.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
EXHIBITS
Designation Description Method of Filing
- ----------- ------------------ ----------------------
Exhibit 20 News release dated Filed with this Report
April 19, 1995.
Exhibit 27.1 Financial Data Schedule - Filed with this Report
Automotive Segment
Exhibit 27.2 Financial Data Schedule - Filed with this Report
Financial Services Segment
Exhibit 27.3 Financial Data Schedule - Filed with this Report
Conglomerate Total
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: April 20, 1995 By:/s/T. J. DeZure
T. J. DeZure
Assistant Secretary
<PAGE>
EXHIBIT INDEX
DESIGNATION DESCRIPTION PAGE
Exhibit 20 News release dated
April 19, 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
8k.wp
Exhibit 20
FORD Global News Public Affairs
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, APRIL 19
Contact: Media Inquiries: Broadcast Media: Stockholder Inquiries:
Terry Bresnihan Brenda Hines (313) 845-8540
(313) 322-9600 (313) 322-9600
FORD POSTS STRONG FIRST-QUARTER RESULTS
DEARBORN, Mich., April 19 -- Increasing popularity of Ford Motor
Company's cars and trucks worldwide and another solid
contribution by the Financial Services Group kept Ford on a
course of strong and steady improvement in the first quarter of
1995.
Ford had first-quarter earnings of $1.55 billion or $1.44
per share of common and Class B stock. This compares with $904
million or $0.83 per share in the first quarter of 1994. Results
a year ago included a $440 million charge ($0.44 per share) for
the sale of First Nationwide Bank.
"This was another strong quarter at Ford," said Alex
Trotman, chairman and chief executive officer. "It marked the
ninth consecutive quarter of year-over-year improvement for the
total company as well as for our automotive operations, and
Financial Services came through with a substantial positive
impact on our quarterly profits. There was some near-term
weakening of industry vehicle sales in North America, but Ford
was still able to achieve good overall results."
NEW WAY OF DOING BUSINESS
"This was a historic quarter for the company, as we began to
operate as the newly organized Ford Automotive Operations,"
Trotman said. "The merging of our European and North American
automotive operations and our worldwide components operations is
progressing effectively and on schedule. Ford will become an
increasingly efficient organization with an improved capability
to provide high-quality, exciting vehicles to the diverse markets
of the world. We are confident that this new way of doing
business at Ford will bring substantial benefits to our
employees, customers and shareholders."
<PAGE>
-2-
SUMMARY OF FIRST-QUARTER 1995 COMPARED WITH FIRST-QUARTER 1994
Overview
- --------
- - Total earnings were $1.55 billion, compared with $904 million
in the first quarter of 1994.
- - Earnings per share were $1.44, compared with $0.83 per share.
- - Worldwide sales and revenues were $34.8 billion, compared with
$30.4 billion.
Automotive
- ----------
- - Net income from worldwide automotive operations was $1.14
billion, compared with $973 million. After-tax return on sales
was four percent, compared with 3.8 percent.
- - Net income from U.S. automotive operations was $825 million,
compared with $816 million. After-tax return on sales was 4.2
percent, compared with 4.5 percent.
- - Net income from automotive operations outside the U.S. was
$316 million, compared with $157 million. After-tax return on
sales was 3.6 percent, compared with 2.1 percent.
Financial Services Group
- ------------------------
- - The Financial Services Group earned $409 million, compared
with a loss of $69 million. (The 1994 loss included a
$440 million charge for the sale of First Nationwide.)
- - Ford Credit earned $288 million, compared with $299 million.
- - The Associates Corp. of North America earned $166 million,
compared with $141 million.
- - USL Capital earned $26 million, compared with $21 million.
Sales and Market Share
- ----------------------
- - Worldwide vehicle unit sales were 1,770,000, compared with
1,717,000 units.
- - Combined car and truck share in the U.S. was 26.6 percent,
compared with 24.8 percent.
- - Combined car and truck share in Europe was 12.5 percent,
compared with 12.2 percent.
Balance Sheet
- -------------
- - Stockholders' equity was $23.6 billion, compared with $16.6
billion in the year-ago period.
- - Automotive cash and marketable securities were $13.3 billion,
compared with $11.6 billion.
- - Automotive debt was $7.1 billion, compared with $7.9 billion.
- - Automotive net cash was $6.2 billion, compared with $3.7
billion in the year-ago period.
- - Capital spending was $2.2 billion in the first quarter,
compared with $1.7 billion a year ago.
<PAGE>
-3-
AUTOMOTIVE OPERATIONS
Ford's net income from worldwide automotive operations was
$1.14 billion in the first quarter, up $168 million from the
first quarter of 1994. The after-tax return on sales was four
percent, up two-tenths of a point from last year.
U.S. automotive operations showed continued strength, with
earnings of $825 million, up $9 million from a year ago. Return
on sales was 4.2 percent, down three-tenths of a point from a
year earlier.
Outside the U.S., automotive operations earned $316 million,
an improvement of $159 million over a year ago. Return on sales
for automotive operations outside the U.S. was 3.6 percent, up
1.5 points from the year earlier period. In Europe, Ford earned
$165 million, an improvement of $112 million over the
corresponding period last year.
"Ford's investment in new products continues to pay
dividends in the marketplace," Trotman said. "Customer reaction
to our vehicles has increased Ford's market shares in most of our
markets around the world. Combined car and truck share in the
U.S. was 26.6 percent, up nearly two points for the quarter, and
the best showing since 1978. Ford also had five of the six best-
selling vehicles in the quarter."
Trotman noted that trucks have been especially strong.
"U.S. truck buyers have increasingly turned to Ford as the brand
of choice. In the first quarter, our dealers sold more trucks in
total in the U.S. than any other manufacturer's, sales of our
minivan lineup were up more than 40 percent over a year ago and
the new 1995 Explorer became an immediate hit. All this combined
to give Ford in March its best truck sales month in the company's
history," Trotman said.
"We continued moving forward in Europe, with higher shares
for both Fiesta and Scorpio. And we achieved a 12.5 percent
combined car and truck share in Europe, which was the best since
1983," Trotman said.
"We also achieved a strong market position in the U.S.
compact car segment," Trotman said. "On that brutally
competitive battleground, Contour and Mystique emerged as clear
successes in the first quarter. And with its growing popularity
in the U.S. and wide acceptance in Europe, our world car --
represented by Contour, Mondeo and Mystique -- reached its one-
millionth production milestone recently, in less than two years."
<PAGE>
-4-
FINANCIAL SERVICES
The Financial Services Group earned $409 million in the
first quarter of 1995. FSG's profits increased $478 million from
the first quarter of 1994, when a $440 million charge was taken
for the sale of First Nationwide Bank.
The group's performance for the first quarter of this year
included earnings of $288 million by Ford Credit, $166 million by
The Associates and $26 million by USL Capital.
"The Financial Services Group once again made an excellent
showing with record first quarter profits at both The Associates
and USL Capital, and another solid contribution by Ford Credit
despite fierce competitive pressures in automotive financing,"
Trotman said. "With assets of more than $150 billion, FSG
continues as one of the largest financial services providers in
the world and is a leader in customer satisfaction as well as
profitability."
FORD LOOKS TO LONG-TERM STRENGTH
"The management team is confident about the future of Ford,"
Trotman said. "The realignment of the company is going well.
Our automotive operations are strong in our existing markets and
we're making progress in the emerging markets of the world.
"We have a world-class line-up of products and we have
unprecedented plans for an even greater flow of new and exciting
vehicles in the coming months and years. And, our financial
services business continues to be a consistent and growing source
of stable earnings."
Trotman noted, however, that even though current performance
is good, the company's focus will remain on continuous
improvement. "Obviously, there is more to be done. We will keep
working to improve our automotive margins. We have an aggressive
cost reduction program in place. And our objective on customer
satisfaction remains to be number one," Trotman said.
"Everything we do is aimed at strengthening this company for the
long-term."
# # #
4/19/95
<PAGE>
Ford Motor Company and Subsidiaries
HIGHLIGHTS
----------
<TABLE>
<capiton>
First Quarter
----------------------
1995 1994
--------- --------
<S> <C> <C>
Worldwide vehicle unit sales of
cars and trucks (in thousands)
- - United States 1,087 1,067
- - Outside United States 683 650
----- -----
Total 1,770 1,717
===== =====
Sales and revenues (in millions)
- - Automotive $28,601 $26,070
- - Financial Services 6,182 4,332
------- -------
Total $34,783 $30,402
======= =======
Net income (in millions)
- - Automotive $ 1,141 $ 973
- - Financial Services 409 (69)*
------- -------
Total $ 1,550 $ 904
======= =======
Capital expenditures (in millions)
- - Automotive $ 2,131 $ 1,641
- - Financial Services 67 59
------- -------
Total $ 2,198 $ 1,700
======= =======
Stockholders' equity at March 31
- - Total (in millions) $23,552 $16,633
- - After-tax return on Common and
Class B stockholders' equity 30.9% 26.3%
Automotive cash, cash equivalents,
and marketable securities at
March 31 (in millions) $13,254 $11,573
Automotive debt at March 31
(in millions) $ 7,102 $ 7,919
Automotive after-tax return on sales 4.0% 3.8%
Shares of Common and Class B Stock
(in millions)
- - Average number outstanding 1,025 1,000
- - Number outstanding at March 31 1,027 1,002
AMOUNTS PER SHARE OF COMMON AND
CLASS B STOCK AFTER PREFERRED
STOCK DIVIDENDS
Income/(loss)
- - Automotive $ 1.04 $ 0.90
- - Financial Services 0.40 (0.07)
------- -------
Total $ 1.44 $ 0.83
======= =======
Income assuming full dilution $ 1.28 $ 0.75
Cash dividends per share of Common
and Class B Stock $ 0.26 $ 0.20
</TABLE>
- - - - - -
*Includes a loss of $440 million related to the disposition of
Granite Savings Bank (formerly First Nationwide Bank)
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
VEHICLE UNIT SALES
------------------
For the Periods Ended March 31, 1995 and 1994
(in thousands)
<TABLE>
<CAPTION>
First Quarter
---------------------
1995 1994
-------- --------
<S> <C> <C>
North America
United States
Cars 509 509
Trucks 578 558
----- -----
Total United States 1,087 1,067
Canada 65 64
Mexico 11 20
----- -----
Total North America 1,163 1,151
Europe
Germany 118 110
Britain 104 122
Italy 52 54
Spain 48 37
France 44 43
Other countries 77 71
----- -----
Total Europe 443 437
Other international
Brazil 62 34
Australia 31 25
Taiwan 28 32
Japan 16 13
Argentina 10 10
Other countries 17 15
----- -----
Total other international 164 129
----- -----
Total worldwide vehicle unit sales 1,770 1,717
===== =====
</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 by other manufacturers.
First Quarter 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 in Brazil and Argentina) were
not reported previously.<PAGE>
Ford Motor Company and Subsidiaries
CONSOLIDATED STATEMENT OF INCOME
--------------------------------
For the Periods Ended March 31, 1995 and 1994
(in millions)
<TABLE>
<CAPTION>
First Quarter
--------------------
1995 1994
------- --------
(unaudited)
<S> <C> <C>
AUTOMOTIVE
Sales $28,601 $26,070
Costs and expenses (Note 2)
Costs of sales 25,605 23,352
Selling, administrative, and other
expenses 1,214 1,159
------- -------
Total costs and expenses 26,819 24,511
Operating income 1,782 1,559
Interest income 207 128
Interest expense 166 176
------- -------
Net interest income/(expense) 41 (48)
Equity in net income of affiliated
companies 20 67
Net expense from transactions with
Financial Services (23) (8)
------- -------
Income before income taxes -
Automotive 1,820 1,570
FINANCIAL SERVICES
Revenues 6,182 4,332
Costs and expenses
Interest expense 2,167 1,598
Depreciation 1,521 903
Operating and other expenses 1,336 824
Provision for credit and insurance
losses 422 344
Loss on disposition of Granite Savings
Bank (formerly First Nationwide Bank)
(Note 4) - 475
------- -------
Total costs and expenses 5,446 4,144
Net revenue from transactions with
Automotive 23 8
------- -------
Income before income taxes
- Financial Services 759 196
------- -------
TOTAL COMPANY
Income before income taxes 2,579 1,766
Provision for income taxes 988 825
------- -------
Income before minority interests 1,591 941
Minority interests in net income of
subsidiaries 41 37
------- -------
Net income 1,550 904
Preferred stock dividend requirements 72 72
------- -------
Income attributable to Common and
Class B Stock $ 1,478 $ 832
======= =======
Average number of shares of Common and
Class B Stock outstanding 1,025 1,000
AMOUNTS PER SHARE OF COMMON STOCK AND CLASS B
STOCK AFTER PREFERRED STOCK DIVIDENDS
Income $ 1.44 $ 0.83
======= =======
Income assuming full dilution $ 1.28 $ 0.75
Cash dividends $ 0.26 $ 0.20
</TABLE>
The accompanying notes are part of the financial statements.
<PAGE>
Ford Motor Company and Subsidiaries
CONSOLIDATED BALANCE SHEET
--------------------------
(in millions)
<TABLE>
<CAPTION>
March 31, December 31,
1995 1994
------------- ------------
(unaudited)
<S> <C> <C>
ASSETS
Automotive
Cash and cash equivalents $ 9,933 $ 4,481
Marketable securities 3,321 7,602
-------- --------
Total cash, cash equivalents,
and marketable securities 13,254 12,083
Receivables 3,105 2,548
Inventories (Note 3) 7,331 6,487
Deferred income taxes 3,080 3,062
Other current assets 1,861 2,006
Net current receivable from
Financial Services 360 677
-------- --------
Total current assets 28,991 26,863
Equity in net assets of affiliated
companies 3,580 3,554
Net property 28,428 27,048
Deferred income taxes 4,426 4,146
Other assets 6,837 6,760
-------- --------
Total Automotive assets 72,262 68,371
Financial Services (Note 4)
Cash and cash equivalents 1,795 1,739
Investments in securities 6,384 6,105
Net receivables and lease investments 138,185 130,356
Other assets 13,399 12,783
-------- --------
Total Financial Services assets 159,763 150,983
-------- --------
Total assets $232,025 $219,354
======== ========
LIABILITIES AND STOCKHOLDERS' EQUITY
Automotive
Trade payables $ 11,925 $ 10,777
Other payables 1,972 2,624
Accrued liabilities 12,743 11,599
Income taxes payable 1,062 316
Debt payable within one year 341 155
-------- --------
Total current liabilities 28,043 25,471
Long-term debt 6,761 7,103
Other liabilities 25,440 24,920
Deferred income taxes 1,239 948
-------- --------
Total Automotive liabilities 61,483 58,442
Financial Services (Note 4)
Payables 2,815 2,361
Debt 130,713 123,713
Deferred income taxes 3,234 2,958
Other liabilities and deferred income 7,993 7,669
Net payable to Automotive 360 677
-------- --------
Total Financial Services liabilities 145,115 137,378
Preferred stockholders' equity in a
subsidiary company 1,875 1,875
Stockholders' equity
Capital stock
Preferred Stock, par value $1.00 per share (aggregate
liquidation preference of $3.4 billion) * *
Common Stock, par value $1.00 per share
(957 and 952 million shares issued) 957 952
Class B Stock, par value $1.00 per share
(71 million shares issued) 71 71
Capital in excess of par value of stock 5,364 5,273
Foreign currency translation
adjustments and other 774 189
Earnings retained for use in business 16,386 15,174
-------- --------
Total stockholders' equity 23,552 21,659
-------- --------
Total liabilities and
stockholders' equity $232,025 $219,354
======== ========
</TABLE>
- - - - - -
*Less than $1 million
The accompanying notes are part of the financial statements.
<PAGE>
Ford Motor Company and Subsidiaries
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
-----------------------------------------------
For the Periods Ended March 31, 1995 and 1994
(in millions)
<TABLE>
<CAPTION>
First Quarter 1995 First Quarter 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 3,650 3,284 3,814 2,228
Net sales/(purchases) of trading securities 4,289 324 (1,924) 39
-------- -------- ------- --------
Net cash flows from operating activities 7,939 3,608 1,890 2,267
Cash flows from investing activities
Capital expenditures (2,131) (67) (1,641) (59)
Acquisitions of receivables and lease investments - (52,172) - (47,560)
Collections of receivables and lease investments - 44,068 - 39,806
Net acquisitions of daily rental vehicles - (826) - -
Purchases of securities (18) (1,818) (112) (3,607)
Sales and maturities of securities 9 1,337 198 3,594
Proceeds from sales of receivables - - - 390
Loans originated net of principal payments - (2) - (204)
Investing activity with Financial Services (174) - 0 -
Other (442) (125) 162 (252)
-------- -------- ------- --------
Net cash used in investing activities (2,756) (9,605) (1,393) (7,892)
Cash flows from financing activities
Cash dividends (338) - (272) -
Issuance of Common Stock 96 - 84 -
Changes in short-term debt 217 2,408 (52) 2,373
Proceeds from issuance of other debt 0 6,674 0 6,051
Principal payments on other debt (207) (3,239) 0 (3,826)
Changes in customers' deposits, excluding interest credited - - - (422)
Receipts from annuity contracts - 165 - 185
Financing activity with Automotive - 174 - 0
Other 6 25 25 31
-------- -------- ------- --------
Net cash (used in)/provided by financing activities (226) 6,207 (215) 4,392
Effect of exchange rate changes on cash 178 163 (96) 88
Net transactions with Automotive/Financial Services 317 (317) (207) 207
-------- -------- ------- --------
Net increase/(decrease) in cash and cash equivalents 5,452 56 (21) (938)
-------- -------- ------- --------
Cash and cash equivalents at March 31 $ 9,933 $ 1,795 $ 5,646 $ 1,617
======== ======== ======= ========
The accompanying notes are part of the financial statements.
</TABLE>
<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.
2. Selected Automotive costs and expenses are summarized as
follows (in millions):
<TABLE>
<CAPTION>
First Quarter
--------------------------
1995 1994
---------- ------------
<S> <C> <C>
Depreciation $ 589 $ 581
Amortization 712 542
</TABLE>
3. Automotive inventories are summarized as follows (in millions):
<TABLE>
<CAPTION>
March 31, December 31,
1995 1994
--------- -----------
<S> <C> <C>
Raw materials, work in process
and supplies $3,518 $3,192
Finished products 3,813 3,295
------ ------
Total Inventories $7,331 $6,487
====== ======
U.S. Inventories $3,302 $2,917
</TABLE>
4. Sale of First Nationwide Bank
-----------------------------
On September 30, 1994, substantially all of the assets of
First Nationwide Bank, since known as Granite Savings
Bank (the "Bank"), were sold to, and substantially all of
the Bank's liabilities were assumed by, First Madison
Bank, FSB. The Bank is a wholly-owned subsidiary of
Granite Management Corporation (formerly First Nationwide
Financial Corporation) ("Granite"), which in turn is a
wholly-owned subsidiary of Ford. The company recognized
in First Quarter 1994 earnings a pre-tax charge of $475
million ($440 million after taxes) related to the
disposition of the Bank, reflecting the nonrecovery of
goodwill and reserves for estimated losses on assets not
included in the sale. The company's income statement
includes the results of operations of Granite through
March 31, 1994.
5. Acquisition of The Hertz Corporation
------------------------------------
In April 1994, Hertz became a wholly-owned subsidiary of
Ford. In the First Quarter of 1994, Hertz had been
accounted for on an equity basis as part of the
Automotive segment. Hertz' operating results, assets,
liabilities, and cash flows have subsequently been
consolidated as part of the Financial Services segment.
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
Automotive Segment
</LEGEND>
<CIK> 0000037996
<NAME> FORD MOTOR COMPANY
<MULTIPLIER> 1,000,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> MAR-31-1995
<CASH> 9,933
<SECURITIES> 3,321
<RECEIVABLES> 3,173
<ALLOWANCES> 68
<INVENTORY> 7,331
<CURRENT-ASSETS> 28,991
<PP&E> 62,921
<DEPRECIATION> 34,493
<TOTAL-ASSETS> 72,262
<CURRENT-LIABILITIES> 28,043
<BONDS> 6,761
<COMMON> 0
0
0
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 0
<SALES> 28,601
<TOTAL-REVENUES> 28,601
<CGS> 25,605
<TOTAL-COSTS> 26,819
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 166
<INCOME-PRETAX> 1,820
<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
</LEGEND>
<CIK> 0000037996
<NAME> FORD MOTOR COMPANY
<MULTIPLIER> 1,000,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> MAR-31-1995
<CASH> 1,795
<SECURITIES> 6,384
<RECEIVABLES> 138,185
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 159,763
<CURRENT-LIABILITIES> 0
<BONDS> 130,713
<COMMON> 0
0
0
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 0
<SALES> 6,182
<TOTAL-REVENUES> 6,182
<CGS> 0
<TOTAL-COSTS> 5,446
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 422
<INTEREST-EXPENSE> 2,167
<INCOME-PRETAX> 759
<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
</LEGEND>
<CIK> 0000037996
<NAME> FORD MOTOR COMPANY
<MULTIPLIER> 1,000,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> MAR-31-1995
<TOTAL-ASSETS> 232,025
<COMMON> 1,028
0
0
<OTHER-SE> 22,524
<TOTAL-LIABILITY-AND-EQUITY> 232,025
<TOTAL-REVENUES> 34,783
<INCOME-TAX> 988
<INCOME-CONTINUING> 1,550
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,550
<EPS-PRIMARY> 1.44
<EPS-DILUTED> 1.28
</TABLE>
