SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 11-K
(Mark One)
X ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the fiscal year ended December 31, 1994
OR
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from ________________ to ________________
Commission file number 1-3950
FORD MOTOR COMPANY
TAX-EFFICIENT SAVINGS PLAN
FOR HOURLY EMPLOYEES
(Full title of the plan)
FORD MOTOR COMPANY
The American Road
Dearborn, Michigan 48121
(Name of issuer of the securities held
pursuant to the plan and the address of
its principal executive office)
<PAGE>
Required Information
- --------------------
Financial Statements
--------------------
Statement of Net Assets Available for Plan Benefits, as of
December 31, 1994 and 1993.
Statement of Changes in Net Assets Available for Plan Benefits
for the Year Ended December 31, 1994.
Schedule I - Schedule of Assets Held for Investment Purposes
as of December 31, 1994.
Schedule II - Reportable Transactions for the Year Ended
December 31, 1994.
Exhibit
-------
Designation Description Method of Filing
- ----------- ------------ ----------------
Exhibit 23 Consent of Coopers Filed with this Report.
& Lybrand L.L.P.
Signature
---------
Pursuant to the requirements of the Securities Exchange Act of
1934, the Ford Motor Company Tax-Efficient Savings Plan for Hourly
Employees Committee has duly caused this Annual Report to be signed
by the undersigned thereunto duly authorized.
TAX-EFFICIENT SAVINGS PLAN
FOR HOURLY EMPLOYEES
By: /s/J. B. Ferguson
J. B. Ferguson, Chairman
Tax-Efficient Savings Plan for
Hourly Employees Committee
June 27, 1995
11-k\tespe.94
<PAGE>
EXHIBIT INDEX
-------------
Sequential
Page Number
Designation Description at Which Found
- ----------- ----------- --------------
Exhibit 23 Consent of Coopers &
Lybrand L.L.P.
<PAGE>
FORD MOTOR COMPANY
TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES
INDEX OF FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES
Pages
-----
Report of Independent Accountants 2
Financial Statements and Supplemental Schedules:
Statement of Net Assets Available for Plan Benefits
as of December 31, 1994 and 1993 3 - 4
Statement of Changes in Net Assets Available for Plan
Benefits for the year ended December 31, 1994 5
Notes to Financial Statements 6 - 10
Supplemental Schedules:
Assets Held for Investment Purposes as of
December 31, 1994 Schedule I
Reportable Transactions for the year
ended December 31, 1994 Schedule II
<PAGE>
Coopers Coopers & Lybrand L.L.P.
& Lybrand
a professional services firm
Report of Independent Accountants
To the Board of Directors of
Ford Motor Company:
We have audited the accompanying Statements of Net Assets Available for Plan
Benefits of the Ford Motor Company Tax-Efficient Savings Plan for Hourly
Employees as of December 31, 1994 and 1993, and the related Statement of
Changes in Net Assets Available for Plan Benefits for the year ended December
31, 1994. These financial statements are the responsibility of the Company's
management. Our responsibility is to express an opinion on these financial
statements based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the amounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audit provides a reasonable basis
for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial status of the Ford Motor Company Tax-
Efficient Savings Plan for Hourly Employees as of December 31, 1994 and 1993,
and the changes in its financial status for the year ended December 31, 1994,
in conformity with generally accepted accounting principles.
Our audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of the Ford
Motor Tax-Efficient Savings Plan for Hourly Employees as of December 31, 1994,
are presented for the purpose of additional analysis and are not a required
part of the basic financial statements, but are supplementary information
required by the Department of Labor's Rules and Regulations for Reporting and
Disclosure under the Employee Retirement Income Security Act of 1974, as
amended. The supplemental schedules have been subjected to the auditing
procedures applied in the audits of the basic financial statements and, in
our opinion, are fairly stated, in all material respects, in relation the
basic financial statements taken as a whole.
Detroit, Michigan
June 2, 1995
<PAGE>
<TABLE>
<CAPTION> Ford Motor Company
Tax-Efficient Savings Plan for Hourly Employees
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
AS OF DECEMBER 31, 1994 AND 1993
---------------------------------------------------
(In Thousands)
Ford Motor Co. Current Common
Common Stock Interest Fund Stock Fund Bond Fund Income Funds Total
-------------- ------------- ------------ ------------ ------------ --------
<S> <C> <C> <C> <C> <C> <C>
December 31, 1994
Assets:
Contributions Receivable $ 8,830 $ 1,715 $ 2,234 $ 326 $ 2,318 $ 15,423
Interest & Dividends Receivable 17 1,003 2 1,022
Interfund Receivable (Payable) 2,112 (1,595) (389) (141) 13 0
Loan Funds Receivable 67,509 67,509
Deposits with Insurance Companies
Under Group Contracts 265,659 265,659
Investments at fair value
(Schedule I) 761,197 137,725 110,171 6,578 1,015,671
---------- ---------- ---------- ---------- ---------- ----------
Total Assets $ 772,156 $ 206,357 $ 112,018 $ 6,763 $ 267,990 $1,365,284
========== ========== ========== ========== ========== ==========
Liabilities and Plan Equity:
Loans Payable $ 767 $ 371 $ 186 $ 10 $ $ 1,334
ESOP Loan Payable 12,495 12,495
ESOP Loan Interest Payable 68 68
---------- ---------- ---------- ---------- ---------- ---------
Total Liabilities $ 13,330 $ 371 $ 186 $ 10 $ 0 $ 13,897
---------- ========= ========== ========== ========== ----------
Net Assets Available for Benefits $ 758,826 $ 205,986 $ 111,832 $ 6,753 $ 267,990 $1,351,387
========== ==========
</TABLE>
The accompanying notes are an integral part of the financial statements.
3
tespben.95
<PAGE>
<TABLE>
<CAPTION>
Ford Motor Company
TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES
-----------------------------------------------
(In Thousands)
Ford Motor Co. Current Common
Common Stock Interest Fund Stock Fund Income Fund Total
-------------- ------------- ------------ ------------ -----------
<S> <C> <C> <C> <C> <C>
December 31, 1993
Assets:
Contributions Receivable $ 6,915 $ 2,053 $ 2,194 $ 3,235 $ 14,397
Interest and Dividends Receivable 5 673 162 840
Interfund Receivable (Payable) 1,326 (1,778) (164) 616 0
Loan Funds Receivable 56,640 56,640
Deposits with Insurance Companies
Under Group Contracts 283,590 283,590
Investments at fair value (Schedule I) 714,791 138,216 94,438 947,445
---------- ---------- ---------- ---------- ----------
Total Assets $ 723,037 $ 195,804 $ 96,630 $ 287,441 $1,302,912
========== ========== ========== ========== ==========
Liabilities and Plan Equity:
Loans Payable $ 897 $ 448 $ 179 $ $ 1,524
ESOP Loan Payable 18,656 18,656
ESOP Loan Interest Payable 96 96
---------- ---------- ---------- ---------- ----------
Total Liabilities $ 19,649 $ 448 $ 179 $ 0 $ 20,276
========== ========== ========== ========== ==========
Net Assets Available for Benefits $ 703,388 $ 195,356 $ 96,451 $ 287,441 $1,282,636
The accompanying notes are an integral part of the financial statements.
</TABLE>
4
finalte.95
<PAGE>
<TABLE>
<CAPTION>
Ford Motor Company
Tax-Efficient Savings Plan for Hourly Employees
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS
F0R THE YEAR ENDED DECEMBER 31, 1994
--------------------------------------------------------------
(In Thousands)
Ford Motor Co. Current Common
Common Stock Interest Fund Stock Fund Bond Fund Income Funds Total
-------------- ------------ ----------- --------- ------------ ------------
<S> <C> <C> <C> <C> <C> <C>
Investment Income:
Interest $ 196 $ 9,428 $ 38 $ 316 $ 17,410 $ 27,388
Dividends 22,267 2,683 24,950
Company Contributions on Behalf
of Employees 93,472 21,444 26,464 4,279 29,024 174,683
---------- ---------- ---------- ---------- ---------- ----------
Total Additions $ 115,935 $ 30,872 $ 29,185 $ 4,595 $ 46,434 $ 227,021
---------- ---------- ---------- ---------- ---------- ----------
Withdrawal of Participants' Accounts $ (23,022) $ (8,317) $ (2,953) $ (69) $ (16,952) $ (51,313)
Net Depreciation in Fair Value
of Investments (104,853) (688) (429) (105,970)
Loan Funds Transferred (Out)/In (19,778) 24,246 (4,270) (198) 0
Net Transfers Between Funds 88,142 (36,171) (5,893) 2,854 (48,932) 0
Interest Expense (987) (987)
---------- ---------- ---------- ---------- ---------- ----------
Total Deductions $ (60,498) $ (20,242) $ (13,804) $ 2,158 $ (65,884) $ (158,270)
---------- ---------- ---------- ---------- ---------- ----------
Net Increase/(Decrease) in Plan)
Equity for the Year $ 55,437 $ 10,630 $ 15,381 $ 6,753 $ (19,450) $ 68,751
Net Assets available for Benefits
at beginning of year 703,389 195,356 96,451 287,440 1,282,636
---------- ---------- ---------- ---------- ---------- ----------
Net Assets available for Benefits
at end of year $ 758,826 $ 205,986 $ 111,832 $ 6,753 $ 267,990 $1,351.387
========== ========== ========== ========== ========== ==========
</TABLE>
5
tms:tesp-he.95<PAGE>
NOTES TO FINANCIAL STATEMENTS - Continued
-----------------------------
1. Summary of Significant Accounting Policies:
------------------------------------------
Investments
- -----------
The investment in Ford Motor Company Common Stock (Company Stock) and
interests in the Common Stock Fund and the Bond Fund are valued on the
basis of established year-end market prices. Investments in the Income
Fund, primarily guaranteed insurance contracts, are at cost as required by
statement of position 94-4 which approximates market. Investments in the
Current Interest Fund are carried at par value, as it is the intent of the
Plan to hold investments to maturity.
Contributions
- -------------
Contributions to the Ford Motor Company Tax-Efficient Savings Plan for
Hourly Employees (the Plan) by Ford Motor Company (the Company) on behalf
of an employee (as defined in the Plan) are recorded in the period that
payroll deductions are made from Plan participants.
Other
- -----
Purchases and sales of securities are reflected on a trade-date basis.
Gains and losses on sales of securities are based on average cost.
Dividend income is recorded on the ex-dividend date; income from other
investments is recorded as earned.
The Plan presents in the Statement of Changes in Net Assets Available for
Plan Benefits the appreciation(depreciation) in the fair value of its
investments which consists of the realized gains or losses and the
unrealized appreciation(depreciation) on those investments.
Certain amounts in the previously issued 1993 financial statements have
been reclassified to conform with the current year presentation.
2. Description of the Plan:
-----------------------
The Plan was established effective January 1, 1985.
The following description of the Plan provides only general information.
The provisions of the Plan are governed in all respects by the detailed
terms and conditions contained in the Plan itself. Participants should
refer to the Plan agreement for a complete description of the Plan's
provisions.
Type and Purpose of the Plan
- ----------------------------
The Plan is a defined contribution plan established to encourage and
facilitate systematic savings and investment by eligible hourly employees
and to provide them with an opportunity to become stockholders of the
Company. The Plan includes provisions for voting shares of Company Stock.
6<PAGE>
NOTES TO FINANCIAL STATEMENTS - Continued
-----------------------------
2. Description of the Plan, continued:
-----------------------
Eligibility
-----------
Employees having at least three months of continuous service are
eligible to participate in the Plan. Certain other part-time and
temporary employees may also be eligible to participate in the Plan.
Participation in the Plan is voluntary.
Contributions
-------------
Under the Plan and subject to limits required to be imposed by the
Internal Revenue Code, participants may elect a reduction in eligible
wages up to 18% with a corresponding contribution in the same amount
made to the Plan by the Company on their behalf. Such provisions also
apply to distributions under the Company's Profit Sharing Plan. Such
contributions are excluded from participants' taxable income.
Transfer of Assets
------------------
The Plan permits one transfer each month of assets among investment
elections, with certain restrictions related to transfers from the
Income Fund.
Investment Programs and Participation
-------------------------------------
Participant contributions are invested in accordance with the
participant's election in one or more of several investment programs.
The types of investment programs, and the number of participants in
each program in December 1994, are as follows:
Participants
------------
100 percent Company Stock 15,319
100 percent Common Stock Fund 1,700
100 percent Income Fund 3,786
100 percent Current Interest Fund 2,800
100 percent Bond Fund 175
Combinations of Company Stock, Common Stock Fund,
Income Fund and Current Interest Fund
in whole multiples of 10 percent 14,107
------
Contributing participants at December 31,1994 37,887
Non-contributing participants 17,798
------
Total participants 55,685
======
7
<PAGE>
NOTES TO FINANCIAL STATEMENTS - Continued
-----------------------------
2. Description of the Plan, continued
-----------------------
Investment Programs and Participation, continued
-------------------------------------
Participants may elect to contribute to a Common Stock Fund, a
commingled index fund. The objective of the fund is to provide
investment results that closely correspond to the price and yield
performance of the publicly traded common stock (i) of the 500
corporations included in Standard and Poor's 500 Index and (ii) of the
corporations having capitalizations of at least $100 million as publicly
reported from time to time and not included in the Standard and Poor's
500 Index. Assets of the fund are allocated between the Plan and the
Ford Motor Company Savings and Stock Investment Plan (SSIP) in
proportion to the number of units each plan holds in the fund. Units of
the fund held by the Plan at December 31, 1994 and 1993, and their per
unit value, are shown in Note 4. A small portion of the fund is
invested in short-term cash equivalents.
Participants may elect to contribute to an Income Fund with an insurance
company or other organization. The insurance company or other
organization agrees to repay the principal and a stipulated rate of
interest over a specified time period. Contributions to the Income Fund
in 1994 were placed with Prudential Insurance Company of America at an
annual effective rate of 4.94%. Contributions to the Income Fund in
1993 were placed with Lehman Government Securities, Inc. at an annual
effective interest rate of 5.49%. The Income Fund in 1992 was placed
with Prudential Insurance Company of America (Prudential) at an annual
effective interest rate of 7.03%. The Income Fund in 1991 was placed
two-thirds with Prudential and one-third with Metropolitan Life
Insurance Company at an annual effective interest rate of 8.3%.
Effective June 30, 1994 assets in the Income Fund for 1991 were
transferred to other investment programs including the Income Fund for
1994 based on participants' elections. Contributions to the Income Fund
during 1995 will be placed with John Hancock Mutual Life Insurance Co,
at an annual effective interest rate of 8.07%.
Participants may elect to contribute to a Current Interest Fund. Assets
in this fund are pooled with those of SSIP. The objective of the fund is
maximization of current income consistent with preservation of capital.
Investments are made in debt obligations consisting of marketable
securities, domestic bank certificates of deposit, bankers acceptances
and high grade commercial paper and other money market obligations or
commingled funds holding these types of securities. The interest rate
paid is variable. Average annual interest rates in 1994 and 1993 were
4.2% and 3.4%, respectively. The interest income reported on the
Statement of Changes in Net Assets Available for Plan Benefits for 1994
for the Current Interest Fund includes $3.8 million related to interest
included in participants' loan repayments.
<PAGE> 8
NOTES TO FINANCIAL STATEMENTS - Continued
-----------------------------
Investment Programs and Participation, continued
-------------------------------------
Participants may elect to contribute to a Bond Fund. The objective of
the fund is to provide investment results that closely correspond to the
price and yield performance of the Lehman Brothers Aggregate Index. The
fund will be invested in a portfolio of Treasury notes and bonds,
corporate notes and bonds and mortgage-backed securities and other
securities that, in the aggregate, typify the securities that are
included in the Lehman Brothers Aggregate Index. Units of the fund held
by the Plan at December 31, 1994 and their per-unit value are shown in
Note 5. A small portion of the fund is invested in short-term cash
equivalents.
Brokerage fees applicable to the Common Stock Fund, the Bond Fund, and
the Current Interest Fund are paid by the applicable fund. The Bond
Fund adviser fees are paid by the Bond Fund. The Company pays all other
costs associated with the administration of the Plan.
Investment details as of December 31, 1994, are set forth in Schedule
I.
Distributions
-------------
Plan assets may not be withdrawn by participants until the termination
of their employment or until they reach age 59-1/2, except in the case
of personal financial hardship. Participants may borrow from their
accounts within the limits imposed by the Plan. Monthly loan interest
rates are based on the prime rate published in The Wall Street Journal
on the last Tuesday of the preceding month.
3. Net Appreciation/(Depreciation) in Fair Value of Investments:
------------------------------------------------------------
The Plan's investments are held by a bank-administered trust fund. The
Plan's investments in Company Stock and the Common Stock Fund (including
investments bought, sold, as well as held during the period) depreciated
$104,852,786 and $688,315, respectively, for the year ended December 31,
1994. The Plan's investment in the Bond Fund depreciated $429,297.
4. Asset Value per Common Stock Fund Unit:
--------------------------------------
The number of units and the asset value per unit, in the Common Stock
Fund at December 31, 1994, and 1993 are as follows:
December 31, 1994 December 31, 1993
------------------- ---------------------
Asset Asset
Number Value Number Value
of Units Per Unit of Units Per Unit
---------- -------- --------- --------
Common Stock Fund 4,381,580 $ 25.144 3,824,605 $ 24.692
9<PAGE>
NOTES TO FINANCIAL STATEMENTS - Continued
-----------------------------
5. Asset Value Per Bond Fund Unit:
------------------------------
The number of units and the asset value per unit in Bond Fund at December
31, 1994 are as follows:
December 31, 1994
----------------------------------
Number Asset
of Value
Units Per Unit
---------------- ------------
Bond Fund 630,714 $10.43
6. Employee Stock Ownership Plan:
-----------------------------
Effective January 1, 1989, the Company, by action of the Board of
Directors, established within the Plan an Employee Stock Ownership Plan
(ESOP). All shares of Company Stock in the Plan at any time including all
shares allocated to participants' accounts, shares held in an ESOP suspense
account (described below) are included in the ESOP, along with other assets
attributable to post-1988 contributions to the Plan.
A loan totaling $23,212,616 was obtained in August 1993 from the Company.
It is payable in eight equal quarterly installments beginning September 1,
1993. Additional loans were obtained in April 1994, payable in seven
quarterly installments beginning June 1, 1994, and October 1994, payable in
five quarterly installments beginning December 1, 1994, for $2,074,377.23
and $2,108,101.71 respectfully. All loan proceeds were used to purchase
shares of Company stock for distribution quarterly. All outstanding
balances will be paid during 1995.
The Company Stock shares are held in a suspense account within the Plan
until quarterly loan payments are made. A percentage of shares equivalent
to the percentage of principal and interest paid down by the quarterly
payment are released for distribution when each quarterly payment is made.
The Company purchases additional shares to the extent that shares released
from the suspense account are not adequate to satisfy the requirement for
dividend shares allocated to participants accounts. The Plan held 455,948
and 356,186 unallocated ESOP shares as of December 31, 1994 and 1993,
respectively.
Cash dividends earned on Company Stock held in the Plan generally are used
to make quarterly loan payments. If cash is not available to make the full
payment, the trustee may sell shares held in the suspense account or the
Company, at its option, may elect to make contributions to the Plan. If
cash exceeds the loan payment amounts, the cash is used to reduce the
Company's contribution for additional share requirements.
10
<PAGE>
NOTES TO FINANCIAL STATEMENTS - Continued
-----------------------------
6. Employee Stock Ownership Plan, Continued
-----------------------------
The following highlights certain ESOP activity for 1994:
<TABLE>
<CAPTION>
1994 Loan 1993 Loan
Activity in 1994 Activity in 1993
---------------- ----------------
<S> <C> <C>
Cost of Shares Purchased With Loan Cash $ 4,182,479 $23,212,616
Shares Purchased With Loan Cash 145,269 445,232
Loan Principal Paid $10,343,635 $ 4,556,483
Loan Interest Paid and Accrued $ 1,081,387 $ 528,442
</TABLE>
7. Tax Status:
----------
The Plan has received a favorable determination letter from the
Internal Revenue Service that it is qualified under Section 401
of the Internal Revenue Code and that the related trust is tax-
exempt under Section 501 of the Internal Revenue Code.
Accordingly, the trust's net investment income is exempt from
income taxes. The Plan sponsor believes that the Plan, as
amended, continues to qualify and operate as designed.
8. Plan Termination:
----------------
The Company, by action of the Board of Directors, may terminate
the Plan at any time. Termination of the Plan would not affect
the rights of a participant as to the continuance of investment,
distribution or withdrawal of the securities, cash and cash value
of the Common Stock Fund units in the account of the participant
as of the effective date of such termination. There are
currently no plans to terminate the Plan.
9. Other
-----
Differences between the data shown on pages 3 through 5 of this
report and the 1994 Form 5500 filed with the Department of Labor
are principally attributable to adjustments made by the plan
administrator to conform the financial statements to the accrual
basis of accounting. Included in the withdrawal of participant's
accounts on the Form 5500 but not shown on the Statement of
Changes in Net Assets Available for Plan Benefits is $4,937,071
of funds requested but not yet distributed to the employees as of
December 31, 1994.
11
<PAGE>
<TABLE>
<CAPTION>
Schedule 1
Item 27a - Schedule of Assets Held for Investment Purposes
Page 1 of 2
Ford Motor Company
TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES AS OF DECEMBER 31, 1994
-----------------------------------------------------------------------
(In Thousands)
Identity of Issue, Description of Investment Including
Lessor, Borrower, Maturity Date, Rate of Interest
or Similar Party Collateral, Par or Maturity Value Cost Current Value
- ---------------------- ------------------------------------ ----------- -----------------
<S> <C> <C> <C>
Ford Motor Company* Ford Motor Company Common Stock -
27,295,173 Shares $ 595,675 $ 760,853
Comerica Bank, N.A. 180-Day Commercial Paper Interest
Rate Variable 344 344
------------ ------------
$ 596,019 $ 761,197
Current Interest Fund
- ---------------------
Bank of Nova Scotia C.P. $20,000,000 Par, 5.31%, 01/04/95 $ 5,602 $ 5,602
American Home Foods C.P. $25,000,000 Par, 5.9%, 01/23/95 7,028 7,029
Bank of Nova Scotia - CD $15,000,000 Par, 5.25%, 02/14/95 4,260 4,260
Sanwa Bank - CD $25,000,000 Par, 6.00%, 05/26/95 7,100 7,100
Transamerica Life GIC
#79179 $10,000,000 Par, 6.26%, 08/02/95 2,840 2,840
First Union Bank Charl $10,000,000 Par, 9.4%, 01/10/95 2,844 2,840
Federal Home (Ln Mtg) $ 7,400,000 Par, 6.63%, 10/04/96 2,102 2,098
Federal Home (Ln Mtg) $10,000,000 Par, 5.03%, 02/04/97 2,840 2,834
Comerica Bank, N.A. 180-Day Commercial Paper Interest
Rate Variable 103,122 103,122
----------- ----------
$ 137,738 $ 137,725
Participant Loans 6% to 11% Interest Rate ___________ 67,509
Total $137,738 $205,234
========== =========
Common Stock Fund
- -----------------
Comerica Bank, N.A. Equity Index Funds -
4,381,580 Units $ 85,316 $110,171
======== ========
Bond Fund
- ---------
Wells Fargo Institutional
Trust Company Bond Index Fund - 630,714 Units $ 7,275 $ 6,578
========= ========
Income Funds
- ------------
The Prudential Insurance
Company of America 06/30/97 Maturity - 4.94% Interest Rate $ 80,769 $ 80,769
Lehman Government
Securities, Inc. 07/01/96 Maturity - 5.49% Interest Rate 83,003 83,003
The Prudential Insurance
Company of America 06/30/95 Maturity - 7.03% Interest Rate 101,887 101,887
------- -------
Total $265,659 $265,659
======== ========
- - - - - -
*Party-in-interest
tms:ssip-he.95
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Schedule I
Page 2 of 2
Notes to Schedule I
- -------------------
The market value of Ford Motor Company Common Stock is based upon the
closing price reported in the New York Stock Exchange Composite
Transactions listing as of the last trading day of 1994. Market
values also include interest and dividends receivable.
Plans holding assets in the Common Stock Fund are: the Ford Motor
Company Savings and Stock Investment Plan for Salaried Employees and
the Tax-Efficient Savings Plan for Hourly Employees. At December 31,
1994, these plans held a total of 32,850,280 units in the Fund with
each unit having a value of $25.144114. The assets held by the Fund
were allocated to each of the plans in proportion to the number of
units each plan held in the Fund. Units held by the plans at December
31, 1994 are shown in the Notes to Financial Statements for each of
the plans.
Item 27a - Schedule of Assets Held for Investment Which Were Both Acquired and
Disposed of in the Same Plan Year
- ------------------------------------------------------------------------------
(b) Description of investment including
(a) Indetify of issue, borrower, maturity date, rate of interest, (c) Costs of (d) Proceeds of
lessor, or similar party collateral, par or maturity value acquisitions dispositions
- -------------------------------- --------------------------------------- ------------------ -----------------
<S> <C> <C> <C>
NOT APPLICABLE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Schedule II
Item 27d - Schedule of Reportable Transactions
Ford Motor Company
Tax-Efficient Savings Plan for Hourly Employees
REPORTABLE TRANSACTIONS FOR THE YEAR ENDED DECEMBER 31, 1994
------------------------------------------------------------
Identity
of Party Description Purchase Selling Lease Expenses Cost of Current Value Net Gain
Involved of Asset Price Price Rental Incurred Asset of Asset or (Loss)
- --------- ------------ ----------- ------- ------- --------- --------- --------------- -----------
<S> <C> <C> <C> <C> <C> <C> <C>
I. Single Transaction in Excess of 5% of Current Value of Plan Assets - None
II. Series of Transactions in Other Than Securities in Excess of 5% of Current Value of Plan Assets
Prudential Asset Guaranteed Investment
Management Group Contract N/A $70,086,51 N/A $0 $70,086,513 $70,086,513 $0
Prudential Asset Guaranteed Investment
Management Group Control $94,100,888 N/A N/A $0 $94,100,888 $94,100,888 $0
III. Series of Transactions in Securities in Excess of 5% of Current Value of Plan Assets
Footnote #1 Ford Motor $162,058,691 N/A N/A $0 $162,058,691 $162,058,691 N/A
Common Stock
Comerica Bank,
N.A. Footnote #2 $819,702,030 N/A N/A $0 $819,702,030 $819,702,030 N/A
Comerica Bank,
N.A. Footnote #3 N/A $815,083,500 N/A $0 $800,821,677 $815,083,500 $14,261,823
IV. Single Transaction With a Non-Regulated Entity in Excess of 5% of Current Value of Plan Assets - None
</TABLE>
- - - - - -
Footnotes:
#1 Purchase of 5,494,130 shares of Ford Motor Company Common Stock
#2 Purchases of Comerica Bank, N.A. Bank Collective Funds
#3 Sales of Comerica Bank, N.A. Bank Collective Funds
tms:ssip-he.95
Exhibit 23
Consent of Independent Accountants
Ford Motor Company
The American Road
Dearborn, Michigan
Re: Ford Motor Company Registration Statement
Nos. 33-58255, 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 report dated June 2, 1995 to the
Board of Directors of Ford Motor Company with respect to the
financial statements of the Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees at December 31, 1994 and 1993
and for the year ended December 31, 1994, which is included in
this Annual Report on Form 11-K.
/s/ COOPERS & LYBRAND L.L.P.
400 Renaissance Center
Detroit, Michigan 48243
June 19, 1995
