Registration No. 33-
=================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------------------------------
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
-------------------------------
FORD MOTOR COMPANY
(Exact name of registrant as specified in its charter)
Delaware 38-0549190
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
The American Road 48121-1899
Dearborn, Michigan (Zip Code)
(Address of principal executive offices)
FORD MOTOR COMPANY TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES
(Full title of the Plan)
J. M. RINTAMAKI, Esq.
Ford Motor Company
P. O. Box 1899
The American Road
Dearborn, Michigan 48121-1899
(313) 323-2260
(Name, address and telephone number,
including area code, of agent for service)
-----------------------------------
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
=======================================================================================
Proposed
Proposed maximum
maximum aggregate
Title of securities Amount to be offering price offering Amount of
to be registered registered* per share** price** registration fee
----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Common Stock, $1.00 2,000,000 $24.9375 $49,875,000 $17,198.28
par value shares
=======================================================================================
</TABLE>
*The number of shares being registered represents the maximum
number of additional shares not registered heretofore that may be
acquired by the Trustee under the Plan during 1995 and during
subsequent years until a new Registration Statement becomes
effective.
**Based on the market price of Common Stock of the Company on
March 23, 1995 in accordance with Rule 457(c) under the Securities
Act of 1933.
In addition, pursuant to Rule 416(c) under the Securities Act
of 1933, this Registration Statement also covers an indeterminate
amount of interests to be offered or sold pursuant to the Plan
described herein.
<PAGE>
FORD MOTOR COMPANY TAX-EFFICIENT SAVINGS
PLAN FOR HOURLY EMPLOYEES
______________________
INCORPORATION OF CONTENTS OF PRIOR REGISTRATION STATEMENTS
The contents of Registration Statements Nos. 33-54737, 33-54283,
33-50238, 33-36043, 33-19036 and 2-95018 are incorporated
herein by reference.
___________________
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 6. Indemnification of Directors and Officers.
Section 145 of the General Corporation Law of Delaware
provides as follows:
145. Indemnification of officers, directors, employees and
agents; insurance -
(a) A corporation may indemnify any person who was or is a
party or is threatened to be made a party to any threatened,
pending or completed action, suit or proceeding, whether civil,
criminal, administrative or investigative (other than an action by
or in the right of the corporation) by reason of the fact that he
is or was a director, officer, employee or agent of the
corporation, or is or was serving at the request of the corporation
as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, against
expenses (including attorneys' fees), judgments, fines and amounts
paid in settlement actually and reasonably incurred by him in
connection with such action, suit or proceeding if he acted in good
faith and in a manner he reasonably believed to be in or not
opposed to the best interests of the corporation, and, with respect
to any criminal action or proceeding, had no reasonable cause to
believe his conduct was unlawful. The termination of any action,
suit or proceeding by judgment, order, settlement, conviction, or
upon a plea of nolo contendere or its equivalent, shall not, of
itself, create a presumption that the person did not act in good
faith and in a manner which he reasonably believed to be in or not
opposed to the best interests of the corporation, and, with respect
to any criminal action or proceeding, had reasonable cause to
believe that his conduct was unlawful.
(b) A corporation may indemnify any person who was or is a
party or is threatened to be made a party to any threatened,
pending or completed action or suit by or in the right of the
corporation to procure a judgment in its favor by reason of the
fact that he is or was a director, officer, employee or agent of
the corporation, or is or was serving at the request of the
corporation as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise
against expenses (including attorneys' fees) actually and
reasonably incurred by him in connection with the defense or
settlement of such action or suit if he acted in good faith and in
a manner he reasonably believed to be in or not opposed to the best
interests of the corporation and except that no indemnification
shall be made in respect of any claim, issue or matter as to which
such person shall have been adjudged to be liable to the
corporation unless and only to the extent that the Court of
Chancery or the court in which such action or suit was brought
shall determine upon application that, despite the adjudication of
liability but in view of all the circumstances of the case, such
person is fairly and reasonably entitled to indemnity for such
expenses which the Court of Chancery or such other court shall deem
proper.
(c) To the extent that a director, officer, employee or agent
of a corporation has been successful on the merits or otherwise in
defense of any action, suit or proceeding referred to in
subsections (a) and (b), or in defense of any claim, issue or
matter therein, he shall be indemnified against expenses (including
attorneys' fees) actually and reasonably incurred by him in
connection therewith.
(d) Any indemnification under subsections (a) and (b) of this
section (unless ordered by a court) shall be made by the
corporation only as authorized in the specific case upon a
determination that indemnification of the director, officer,
employee or agent is proper in the circumstances because he has met
the applicable standard of conduct set forth in subsections (a) and
(b) of this section. Such determination shall be made (1) by a
majority vote of the directors who are not parties to such action,
suit or proceeding,even though less than a quorum, or (2) if such
there are no such directors, or if such directors so direct, by
independent legal counsel in a written opinion, or (3) by the
stockholders.
(e) Expenses (including attorneys' fees) incurred by an
officer or director in defending any civil, criminal,
administrative, or investigative action, suit or proceeding may be
paid by the corporation in advance of the final disposition of such
action, suit or proceeding upon receipt of an undertaking by or on
behalf of such director or officer to repay such amount if it shall
ultimately be determined that he is not entitled to be indemnified
by the corporation as authorized in this Section. Such expenses
(including attorneys' fees) incurred by other employees and agents
may be so paid upon such terms and conditions, if any, as the board
of directors deems appropriate.
(f) The indemnification and advancement of expenses provided
by, or granted pursuant to, the other subsections of this section
shall not be deemed exclusive of any other rights to which those
seeking indemnification or advancement of expenses may be entitled
under any by-law, agreement, vote of stockholders or disinterested
directors or otherwise, both as to action in his official capacity
and as to action in another capacity while holding such office.
(g) A corporation shall have power to purchase and maintain
insurance on behalf of any person who is or was a director,
officer, employee or agent of the corporation, or is or was serving
at the request of the corporation as a director, officer, employee
or agent of another corporation, partnership, joint venture, trust
or other enterprise against any liability asserted against him and
incurred by him in any such capacity, or arising out of his status
as such, whether or not the corporation would have the power to
indemnify him against such liability under the provisions of this
section.
(h) For purposes of this Section, references to "the
corporation" shall include, in addition to the resulting
corporation, any constituent corporation (including any constituent
of a constituent) absorbed in a consolidation or merger which, if
its separate existence had continued, would have had power and
authority to indemnify its directors, officers, and employees or
agents, so that any person who is or was a director, officer,
employee or agent of such constituent corporation, or is or was
serving at the request of such constituent corporation as a
director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, shall stand
in the same position under the provisions of this Section with
respect to the resulting or surviving corporation as he would have
with respect to such constituent corporation if its separate
existence had continued.
(i) For purposes of this Section, references to "other
enterprises" shall include employee benefit plans; references to
"fines" shall include any excise taxes assessed on a person with
respect to an employee benefit plan; and references to "serving at
the request of the corporation" shall include any service as a
director, officer, employee or agent of the corporation which
imposes duties on, or involves services by, such director, officer,
employee, or agent with respect to an employee benefit plan, its
participants, or beneficiaries; and a person who acted in good
faith and in a manner he reasonably believed to be in the interest
of the participants and beneficiaries of an employee benefit plan
shall be deemed to have acted in a manner "not opposed to the best
interests of the corporation" as referred to in this section.
(j) The indemnification and advancement of expenses provided
by, or granted pursuant to, this section shall, unless otherwise
provided when authorized or ratified, continue as to a person who
has ceased to be a director, officer, employee or agent and shall
inure to the benefit of the heirs, executors and administrators of
such a person.
Item 8. Exhibits.
Exhibit 4.A - Ford Motor Company Tax-Efficient Savings Plan
for Hourly Employees. Filed as Exhibit 4(C) to
Registration Statement No. 33-19036 and
incorporated herein by reference.
Exhibit 4.B - Copy of Trust Agreement dated as of January 1,
1985 between Ford Motor Company and Comerica
Bank (formerly Manufacturers National Bank of
Detroit), as Trustee. Filed as Exhibit 4(D) to
Registration Statement No. 33-19036 and
incorporated herein by reference.
Exhibit 4.C - Copy of Group Annuity Contract effective January
1, 1992 between The Prudential Insurance Company
of America and Comerica Bank (formerly
Manufacturers National Bank of Detroit), as
Trustee. Filed as Exhibit 4(K) to Registration
Statement No. 33-50194 and incorporated herein
by reference.
Exhibit 4.D - Copy of Letter Agreement effective February 1,
1993 between Lehman Government Securities, Inc.
and Comerica Bank, as Trustee. Filed as Exhibit
4.J to Registration Statement No. 33-54275 and
incorporated herein by reference.
Exhibit 4.E - Copy of Group Annuity Contract effective January
1, 1994 between The Prudential Insurance Company
of America and Comerica Bank, as Trustee. Filed
as Exhibit 4.K to Registration Statement No. 33
-54275 and incorporated herein by reference.
Exhibit 4.F - Copy of Group Annuity Contract effective January
1, 1995 between John Hancock Mutual Life
Insurance Company and Comerica Bank, as Trustee.
Filed with this Registration Statement.
<PAGE>
Exhibit 5.A - Opinion of Thomas J. DeZure, an Assistant
Secretary and Counsel of Ford Motor Company,
with respect to the legality of the securities
being registered hereunder. Filed with this
Registration Statement.
Exhibit 5.B - Copy of Internal Revenue Service determination
letter that the Plan is qualified under Section
401 of the Internal Revenue Code. Filed with
this Registration Statement.
Exhibit 23 - Consent of Independent Certified Public
Accountants. Filed with this Registration
Statement.
Exhibit 24.A - Powers of Attorney authorizing signature. Filed
as Exhibit 24.1 to Registration Statement No.
33-56785 and incorporated herein by reference.
Exhibit 24.B - Certified resolutions of Board of Directors
authorizing signature pursuant to a power of
attorney. Filed as Exhibit 24.2 to Registration
Statement No. 33-56785 and incorporated herein
by reference.
<PAGE>
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Act
of 1933, the Plan has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized,
in the City of Dearborn, State of Michigan, on this 27th day of
March, 1995.
FORD MOTOR COMPANY TAX-EFFICIENT SAVINGS
PLAN FOR HOURLY EMPLOYEES
By:/s/John B. Ferguson
John B. Ferguson, Chairman
Tax-Efficient Savings Plan Committee
<PAGE>
The Registrant. Pursuant to the requirements of the
Securities Act of1933, the registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements
for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Dearborn, State of Michigan, on
this 27th day of March, 1995.
FORD MOTOR COMPANY
By: Alex Trotman*
---------------------
(Alex Trotman)
Chairman of the Board of Directors
Pursuant to the requirements of the Securities Act of 1933,
this Registration Statement has been signed by the following
persons in the capacities and on the date indicated.
<TABLE>
<CAPTION>
Signature Title Date
<S> <C> <C>
Director and Chairman of the
Board of Directors, President
and Chief Executive Officer
Alex Trotman* (principal executive officer)
(Alex Trotman)
Colby H. Chandler* Director
(Colby H. Chandler)
Michael D. Dingman* Director March 27, 1995
(Michael D. Dingman)
Director, Vice
President-Ford
and President and
Chief Operating Officer,
Edsel B. Ford II* Ford Motor Credit Company
(Edsel B. Ford II)
William Clay Ford* Director
(William Clay Ford)
<PAGE>
Signature Title Date
Director and Chairman
William Clay Ford, Jr.* of the Finance Committee
(William Clay Ford, Jr.)
Roberto C. Goizueta* Director
(Roberto C. Goizueta)
Irvine O. Hockaday, Jr.* Director
(Irvine O. Hockaday, Jr.)
Marie-Josee Kravis Director
(Marie-Josee Kravis)
Drew Lewis Director
(Drew Lewis)
Ellen R. Marram* Director March 27, 1995
(Ellen R. Marram)
Kenneth H. Olsen* Director
(Kenneth H. Olsen)
Carl E. Reichardt* Director
(Carl E. Reichardt)
Director and Vice Chairman
Louis R. Ross* and Chief Technical Officer
(Louis R. Ross)
<PAGE>
Signature Title Date
Clifton R. Wharton, Jr.* Director
(Clifton R. Wharton, Jr.)
Group Vice President
and Chief Financial Officer
John M. Devine (principal financial officer)
(John M. Devine) March 27, 1995
Vice President--Controller
Murray L. Reichenstein* (principal accounting officer)
(Murray L. Reichenstein)
*By: /s/K. S. Lamping
(K. S. Lamping,
Attorney-in-Fact)
</TABLE>
H:\tshanley\s-8\tesphe.2
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
Sequential Page
at which Found
(or Incorporated
by Reference)
----------------
<S> <C>
Exhibit 4.A Ford Motor Company Tax-Efficient Savings Plan for
Hourly Employees. Filed as Exhibit 4(C) to
Registration Statement No. 33-19036 and incorporated
herein by reference.
Exhibit 4.B Copy of Trust Agreement dated as of January 1, 1985
between Ford Motor Company and Comerica Bank
(formerly Manufacturers National Bank of Detroit), as
Trustee. Filed as Exhibit 4(D) to Registration
Statement No. 33-19036 and incorporated herein by
reference.
Exhibit 4.C Copy of Group Annuity Contract effective January 1,
1992 between The Prudential Insurance Company of
America and Comerica Bank (formerly Manufacturers
National Bank of Detroit), as Trustee. Filed as
Exhibit 4(K) to Registration Statement No. 33-50194
and incorporated herein by reference.
Exhibit 4.D Copy of Letter Agreement effective February 1, 1993
between Lehman Government Securities, Inc. and
Comerica Bank, as Trustee. Filed as Exhibit 4.J to
Registration Statement No. 33-54275 and incorporated
herein by reference.
Exhibit 4.E Copy of Group Annuity Contract effective January 1,
1994 between The Prudential Insurance Company of
America and Comerica Bank, as Trustee. Filed as
Exhibit 4.K to Registration Statement No. 33-54275
and incorporated herein by reference.
Exhibit 4.F Copy of Group Annuity Contract effective January 1,
1995 between John Hancock Mutual Life Insurance
Company and Comerica Bank, as Trustee. Filed with
this Registration Statement.
Exhibit 5.A Opinion of Thomas J. DeZure, an Assistant Secretary
and Counsel of Ford Motor Company, with respect to
the legality of the securities being registered
hereunder. Filed with this Registration Statement.
Exhibit 5.B Copy of Internal Revenue Service determination letter
that the Plan is qualified under Section 401 of the
Internal Revenue Code. Filed with this Registration
Statement.
Exhibit 23 Consent of Independent Certified Public Accountants.
Filed with this Registration Statement.
Exhibit 24.A Powers of Attorney authorizing signature. Filed as
Exhibit 24.1 to Registration Statement No. 33-56785
and incorporated herein by reference.
Exhibit 24.B Certified resolutions of Board of Directors
authorizing signature pursuant to a power of
attorney. Filed as Exhibit 24.2 to Registration
Statement No. 33-56785 and incorporated herein by
reference.
</TABLE>
H:\tshanley\s-8\tesphe.2
Exhibit 4.F
JOHN HANCOCK LETTERHEAD
November 15, 1994
Mr. Stephen E. Weiner
Associate Director
Trust Investments
Ford Motor Company
The American Road
Dearborn, MI 48121
Re: Ford Motor Company
Group Annuity Contract Number 7628
Dear Steve:
The John Hancock is pleased to have been awarded the Guaranteed
Investment Contract placement for the Ford Motor Company. This
letter is written confirmation of the John Hancock's offer which
was verbally accepted on November 15, 1994 by Mr. Stephen Weiner.
A. Effective Date: November 15, 1994
B. Contributions:
100% of the Participant directed profit sharing Contribution
to the Income Fund will be paid to the John Hancock in March
1995.
100% of the Participant directed June 30, 1995 maturity to the
Income Fund will be paid to the John Hancock on or before July
5, 1995.
100% of Participant directed Contributions to the Income Fund
will be paid to the John Hancock on a monthly basis for
activity beginning on January 1, 1995 and ending on December
31, 1995. Each Contribution is due and payable within 30 days
of the end of the preceding month.
If total Contributions, less withdrawals, exceed $400,000,000
the window will close immediately and any excess would be
returned to the Contract Holder by the end of the month.
C. Net Guaranteed Interest Rate: 8.07% - effective annual rate.
D. Guaranteed Expiration Date: June 30, 1998
E. Repayment Schedule: Repayment of the Fund will be in a single
sum of the Guarantee Expiration Date.
F. Participant Withdrawals: Participant withdrawals will be paid
on a book value basis from the class year contract (i.e.
investment cell) in the Income Fund as selected by the
participant.
G. Book Value Corridor: A one-time 10% book value corridor over
the life of the Contract will remain in effect for plant
shutdowns, early retirement programs, unanticipated plan
amendments and group layoffs. Any requests exceeding the 10%
book value corridor will be made subject to the lesser of book
value or the John Hancock transfer adjustment formula (copy
attached).
We do not guarantee to use a certain formula if there were to be a
transfer subject to the attached GIC Transfer Adjustment Formula.
However, we do not anticipate changing the formula at this time,
nor do we anticipate that we would change it arbitrarily. Some of
the circumstances under which we might make a change include if for
some reason the published indices were no longer available, as we
would need to replace them; if over time the chosen indices no
longer tracked the appropriate values, they would need to be
replaced or the formula adjusted to bring it back into line; or if
there were an economic reason, such as a liquidity problem, the
formula would be changed to prevent losses to John Hancock. If for
any reason we were to change the formula, the revision would be
applied consistently to all contracts of that class.
Our Contract was offered on the basis of the bid specifications
dated October 24, 1994 provided by Ford Motor Company.
We will prepare a final Contract document to reflect the above
terms and John Hancock's standard provisions for contracts of this
class. Until such final Contract is executed, the Contract will be
administered in accordance with this letter.
To provide our customers with the highest possible interest rate
guarantees, we commit funds for investment immediately upon verbal
acceptance of our contracts. If 100% of the Participant directed
contributions are not received, the John Hancock could incur
investment losses. The Contract Holder/Employer agrees to
reimburse the John Hancock for the investment losses, if any,
determined in accordance with the usual procedures of the John
Hancock. A statement of our current procedures to determine the
amount of such losses is attached.
Please provide the following information to complete our files.
* Plan Year
* Employer Identification Number
* Wiring instructions for transferring funds
* Names and addresses of individuals to receive financial
statements and other correspondence.
* State of contract issuance.
Attached are the instructions for wiring funds to the John Hancock.
Please have this letter signed by an authorized representative of
the Plan and return via facsimile (617) 572-4585) by November 23
1994 to my attention.
If you have any questions, please call me at (617) 572-4557 or, in
my absence, the Underwriter, John Texeira, at (617) 572-9460.
Sincerely,
/s/Sharon A. Kuketz
Sharon A. Kuketz
Senior Sales Executive
Ford Motor Company
/s/Stephen E. Weiner Associate Director
-------------------- ------------------
Signature Title
November 22, 1994
-----------------
Date
Attachments
cc: N. Gearin
J. Texeira
J/a/JHannuity
Exhibit 5.A
March 27, 1995
Ford Motor Company
The American Road
Dearborn, Michigan 48121
Ladies and Gentlemen:
This will refer to the Registration Statement on Form S-8 (the
"Registration Statement") that is being filed by Ford Motor Company
(the "Company") with the Securities and Exchange Commission (the
"Commission") pursuant to the Securities Act of 1933, as amended
(the "Securities Act"), with respect to 2,000,000 shares of Common
Stock, par value $1.00 per share, of the Company ("Common Stock"),
relating to the Company's Tax-Efficient Savings Plan for Houly
Employees (the "Plan").
As an Assistant Secretary and Counsel of the Company, I am
familiar with the Certificate of Incorporation and the By-Laws of
the Company and with its affairs, including the actions taken by
the Company in connection with the Plan. I also have examined such
other documents and instruments and have made such further
investigation as I have deemed necessary or appropriate in
connection with this opinion.
Based upon the foregoing, it is my opinion that:
(1) The Company is duly incorporated and validly existing as
a corporation under the laws of the State of Delaware.
(2) All necessary corporate proceedings have been taken to
authorize the issuance of the shares of Common Stock being
registered under the Registration Statement, and all such shares of
Common Stock acquired by the Trustee under the Plan in accordance
with the Plan will be legally issued, fully paid and non-assessable
when the Registration Statement shall have become effective and the
Company shall have received therefor the consideration provided in
the Plan (but not less than the par value thereof).
<PAGE>
I hereby consent to the use of this opinion as Exhibit 5.A to
the Registration Statement. In giving this consent, I do not admit
that I am in the category of persons whose consent is required
under Section 7 of the Securities Act or the Rules and Regulations
of the Commission issued thereunder.
Very truly yours,
/s/Thomas J. DeZure
Thomas J. DeZure
Assistant Secretary and
Counsel
opinion\tesphe.a
Exhibit 5.B
INTERNAL REVENUE SERVICE DEPARTMENT OF THE TREASURY
DISTRICT DIRECTOR
P. O. BOX 2508
CINCINNATI, OH 45201
Date: January 26, 1995 Employer Identification Number:
38-0549l90
File Folder Number:
380061063
FORD MOTOR COMPANY Person to Contact:
P.O. Box 1899, THE AMERICAN RD. DAVID E. DIXON
DEARBORN, MI 48121-1899 Contact Telephone Number:
(513) 684-3866
Plan Name:
UAW TAX EFFICIENT SAVINGS
PLAN FOR HOURLY EMPLOYEES
Plan Number: 025
Dear Applicant:
We have made a favorable determination on your plan identified
above, based on the information supplied. Please keep this letter
in your permanent records.
Continued qualification of the plan under its present form
will depend on its effect in operation. (See section 1.401-1(b)(3)
of the Income Tax Regulations.) We will review the status of the
plan in operation periodically.
The enclosed document explains the significance of this
favorable determination letter, points out some features that may
affect the qualified status of your employee retirement plan, and
provides information on the reporting requirements for your plan.
It also describes some events that automatically nullify it. It is
very important that you read the publication.
This letter relates only to the status of your plan under the
Internal Revenue Code. It is not a determination regarding the
effect of other federal or local statutes.
This determination expresses an opinion on whether the
amendment(s), in and of itself, affects the continued qualified
status of the plan under Code section 401 and the exempt status of
the related trust under section 501(a). It is not an opinion on
the qualification of the plan as a whole and the exempt status of
the related trust as a whole.
This determination letter is applicable for the amendment(s)
adopted on September 15, 1993.
This plan satisfies the requirements of Code section
4975(e)(7).
This plan satisfies the minimum coverage and nondiscrimination
requirements of sections 410(b) and 401(a)(4) of the Code because
the plan benefits only collectively bargained employees or
employees treated as collectively bargained employees.
The information on the enclosed addendum is an integral part
of this determination. Please be sure to read and keep it with
this letter.
We have sent a copy of this letter to our representative as
indicated in the power of attorney.
If you have any questions concerning this matter, please
contact the person whose name and telephone number are shown above.
Sincerely yours,
/s/C. Ashley Bullard
C. Ashley Bullard
District Director
Enclosures:
Publication 794
Reporting & Disclosure Guide
for Employee Benefit Plans
Addendum
J:/a/IRSltr.
Exhibit 23
Coopers
& Lybrand
Ford Motor Company
The American Road
Dearborn, Michigan
CONSENT OF COOPERS & LYBRAND L.L.P
Re: Ford Motor Company Registration Statements Nos. 33-54737,
33-54283, 33-50238, 33-36043, 33-19036 and 2-95018 on Form S-8
We consent to the incorporation by reference in the above
Registration Statements of our reports dated January 27, 1995 on our
audits of the consolidated financial statements of Ford Motor Company at
December 31, 1994 and 1993, and for the years ended December 31, 1994, 1993
and 1992, which reports are included in, or incorporated by reference in,
Ford's 1994 Annual Report on Form 10-K.
/s/Coopers & Lybrand L.L.P.
COOPERS & LYBRAND L.L.P.
400 Renaissance Center
Detroit, Michigan 48243
March 27, 1995
