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) July 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 July 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
July 19, 1995.
Exhibit 27.1 Financial Data Schedule -
Automotive Segment Filed with this Report
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: July 19, 1995 By:/s/T. J. DeZure
------------------------
T. J. DeZure
Assistant Secretary
<PAGE>
EXHIBIT INDEX
-------------
DESIGNATION DESCRIPTION PAGE
- ----------- ----------- ----
Exhibit 20 News release dated
July 19, 1995.
Exhibit 27.1 Financial Date Schedule -
Automotive Segment
Exhibit 27.2 Financial Data Schedule -
Financial Services Segment
Exhibit 27.3 Financial Data Schedule -
Conglomerate Total
july
FORD LOGO Global News Communications
Ford Motor Company
The American Road
Room 904
Dearborn, Michigan 48121
Telephone: (313)322-9600
Fax: (313)845-0570
(313)337-1764
FOR RELEASE AT 8 A.M. (EASTERN) WEDNESDAY, JULY 19
Contact: Media Inquiries Broadcast Media Stockholder Inquiries
Terry Bresnihan Lin Cummins (313) 845-8540
(313) 322-9600 (313) 322-9600
FORD EARNS $1.6 BILLION IN QUARTER
DEARBORN, Mich., July 19 -- Increasing market shares around
the world, along with improved profit performance in Europe and
another solid quarter in Financial Services, gave Ford Motor
Company a strong overall showing in the second quarter of 1995.
Ford earned $1.6 billion or $1.45 per share of common and
Class B stock in the second quarter. The results, which
represent Ford's third best second quarter ever, are up slightly
from the first quarter but down from the record level of $1.7
billion or $1.63 per share in the second quarter of 1994. The
earnings decline reflects a decrease in U.S. automotive profits,
primarily as a result of lower unit volumes.
Industry sales varied by region, with a modest fall-off in
the U.S. and a small increase in Europe. In most major regions,
however, Ford's market shares were higher, reflecting the
acceptance and success of the company's leading products.
"Ford's excellent market share performance tells me that,
even in uncertain economic conditions, customers are showing
preference for our company's cars and trucks," said Alex Trotman,
chairman and chief executive officer. "Our products are
providing our customers around the globe with what they want in a
vehicle, at prices they consider to be good value."
<PAGE>
-2-
SUMMARY OF SECOND-QUARTER 1995 COMPARED WITH 1994
Overview
- --------
- - Total earnings were $1.57 billion, compared with $1.71
billion.
- - Earnings per share were $1.45, compared with $1.63 per share.
- - Worldwide sales and revenues were $36.4 billion, compared
with $33.8 billion.
Automotive
- ----------
- - Net income from worldwide automotive operations was $1.1
billion, compared with $1.2 billion. After-tax return on
sales was 3.7 percent, compared with 4.3 percent.
- - Net income from U.S. automotive operations was $663 million,
compared with $888 million. After-tax return on sales was
3.4 percent, compared with 4.6 percent.
- - Net income from automotive operations outside the U.S. was
$437 million, compared with $314 million. After-tax return
on sales was 4.3 percent, compared with 3.5 percent.
Financial Services Group
- ------------------------
- - The Financial Services Group earned $472 million, compared
with $509 million.
- - Ford Credit earned $341 million, compared with $368 million.
- - Associates Corp. of North America earned $173 million,
compared with $142 million.
- - USL Capital earned $30 million, compared with $27 million.
Sales and Market Share
- ----------------------
- - Worldwide vehicle unit sales were 1,811,000, compared with
1,850,000 units.
- - Combined car and truck share in the U.S. was 26.2 percent,
compared with 25 percent.
- - Combined car and truck share in Europe was 12.2 percent,
compared with 11.9 percent.
Balance Sheet
- -------------
- - Stockholders' equity was $25.2 billion, compared with $18.4
billion at mid-year 1994.
- - Automotive cash and marketable securities were $14 billion,
compared with $13.7 billion.
- - Automotive debt was $6.9 billion, compared with $7.3 billion.
- - Automotive net cash was $7.1 billion, compared with $6.4
billion.
- - Capital spending was $1.9 billion, equal to $1.9 billion in
the year-ago quarter.
<PAGE>
-3-
AUTOMOTIVE OPERATIONS
Net income from worldwide automotive operations was $1.1
billion in the second quarter, down $102 million from the second
quarter of 1994. The after-tax return on sales was 3.7 percent,
down from 4.3 percent a year earlier.
Outside the U.S., Ford's second-quarter profits improved,
primarily because of higher earnings in Europe reflecting higher
volumes and improved margins. Automotive operations outside the
U.S. earned $437 million in the second quarter of 1995, up
$123 million from the year-ago quarter. In Europe, Ford earned
$319 million, up $152 million from a year earlier.
In the U.S., increased revenue from solid market share gains
was offset by the effects of lower industry sales and dealer
inventories, as well as unfavorable exchange rate changes. In
the U.S., Ford earned $663 million for the quarter, down $225
million from a year ago.
Lower production, investment in major product introductions
and the continued effect of exchange rates are expected to dampen
automotive returns into the second half of this year.
"Our worldwide automotive margins are below where we want
them to be and will continue to be under pressure, but I'm
confident we're going to fix that over time," Trotman said. "In
the meantime, it's important to remember that our management
objectives are broader than quarter to quarter. Our overall
strategy is focused on investing in the long-term competitiveness
and profitability of the company."
Trotman said the business environment is becoming more
competitive each year. "But we're up to the challenge. We are
concentrating on driving cost out of our system, even as we
continue to invest heavily in new products and powertrains that
will stand us in good stead in the years ahead."
Trotman stressed that the company is determined to put best-
in-class vehicles on the road, offering the features, quality and
excitement that win and retain customers. "Our goal is to
provide great products that represent the best value a customer
can find. And our investment in that goal today will put Ford in
an even stronger competitive position tomorrow."
<PAGE>
-4-
Trotman noted that the company already is enjoying success
in its objective. "Products are the heart and soul of this
company and the product story at Ford continues to be one of
growing popularity and leadership," Trotman said.
In the U.S., Ford continues to be the preeminent force in
trucks, holding three of the four top-selling spots through the
second quarter, including F-Series as the best-seller.
Ford held six of the top ten spots among all vehicles, as
well, including F-Series, Taurus, Explorer, Ranger, Escort and
Windstar. Contour and Mystique also had their best quarter ever,
and in total Ford was up 1.2 points in combined car and truck
share.
Ford also enjoyed overall market share success in Europe,
where combined car and truck share was 12.2 percent, up from
11.9 percent a year earlier, largely on the strength of the
Escort and Scorpio. In Germany, Ford's share was up 1.5
percentage points for the quarter.
FINANCIAL SERVICES
The Financial Services Group earned $472 million in the
second quarter, down $37 million from a year ago, when profits
included $31 million from the sale of Ford Credit's interest in
Manheim Auctions.
This was a record for any quarter at The Associates with
earnings of $173 million. It was a record second quarter for
Ford Credit, excluding the Manheim sale a year ago, with profits
of $341 million, and a record second quarter for USL Capital,
with earnings of $30 million.
"Our Financial Services Group had another strong profit in
the second quarter, with records set in several components,"
Trotman said. "The Group continues to turn in impressive results
quarter after quarter."
# # #
7-19-95
<PAGE>
Ford Motor Company and Subsidiaries
HIGHLIGHTS
----------
<TABLE>
<CAPTION>
Second Quarter First Half
-------------------- --------------------
1995 1994 1995 1994
-------- -------- -------- --------
<S> <C> <C> <C> <C>
Worldwide vehicle unit sales of
cars and trucks (in thousands)
- - United States 1,082 1,108 2,169 2,175
- - Outside United States 729 742 1,412 1,395
----- ----- ----- -----
Total 1,811 1,850 3,581 3,570
===== ===== ===== =====
Sales and revenues (in millions)
- - Automotive $29,861 $28,375 $58,462 $54,445
- - Financial Services 6,528 5,397 12,710 9,729
------- ------- ------- -------
Total $36,389 $33,772 $71,172 $64,174
======= ======= ======= =======
Net income (in millions)
- - Automotive $ 1,100 $ 1,202 $ 2,241 $ 2,175
- - Financial Services 472 509 881 440*
------- ------- ------- -------
Total $ 1,572 $ 1,711 $ 3,122 $ 2,615
======= ======= ======= =======
Capital expenditures (in millions)
- - Automotive $ 1,819 $ 1,839 $ 3,950 $ 3,480
- - Financial Services 80 62 147 121
------- ------- ------- -------
Total $ 1,899 $ 1,901 $ 4,097 $ 3,601
======= ======= ======= =======
Stockholders' equity at June 30
- - Total (in millions) $25,240 $18,422 $25,240 $18,422
- - After-tax return on Common and
Class B stockholders' equity 28.3% 46.6% 29.5% 37.0%
Automotive cash, cash equivalents,
and marketable securities at
June 30 (in millions) $14,011 $13,665 $14,011 $13,665
Automotive debt at June 30
(in millions) $ 6,866 $ 7,263 $ 6,866 $ 7,263
Automotive after-tax return on sales 3.7% 4.3% 3.9% 4.0%
Shares of Common and Class B Stock
(in millions)
- - Average number outstanding 1,040 1,005 1,033 1,002
- - Number outstanding at June 30 1,074 1,009 1,074 1,009
AMOUNTS PER SHARE OF COMMON AND
CLASS B STOCK AFTER PREFERRED
STOCK DIVIDENDS
Income
- - Automotive $ 0.99 $ 1.12 $ 2.03 $ 2.03
- - Financial Services 0.46 0.51 0.86 0.44
------- ------- ------- -------
Total $ 1.45 $ 1.63 $ 2.89 $ 2.47
======= ======= ======= =======
Income assuming full dilution $ 1.30 $ 1.44 $ 2.59 $ 2.20
Cash dividends per share of Common
and Class B Stock $ 0.31 $ 0.225 $ 0.57 $ 0.425
</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>
<TABLE>
<CAPTION>
Ford Motor Company and Subsidiaries
VEHICLE UNIT SALES
------------------
For the Periods Ended June 30, 1995 and 1994
(in thousands)
Second Quarter First Half
--------------------------- -------------------------
1995 1994 1995 1994
---------- ---------- ---------- ---------
<S> <C> <C> <C> <C>
North America
United States
Cars 447 527 956 1,036
Trucks 635 581 1,213 1,139
----- ----- ----- -----
Total United States 1,082 1,108 2,169 2,175
Canada 67 86 132 150
Mexico 7 25 18 45
----- ----- ----- -----
Total North America 1,156 1,219 2,319 2,370
Europe
Britain 162 164 266 289
Germany 114 99 232 209
Italy 56 52 108 106
Spain 48 45 96 82
France 40 51 84 94
Other countries 77 79 154 150
----- ----- ----- -----
Total Europe 497 490 940 930
Other international
Brazil 46 43 108 77
Australia 35 32 66 57
Taiwan 35 24 63 56
Japan 14 11 30 24
Argentina 11 14 21 24
Other countries 17 17 34 32
----- ----- ----- -----
Total other international 158 141 322 270
----- ----- ----- -----
Total worldwide vehicle unit sales 1,811 1,850 3,581 3,570
===== ===== ===== =====
</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.
Second Quarter 1994 and First Half 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>
<TABLE>
<CAPTION>
Ford Motor Company and Subsidiaries
CONSOLIDATED STATEMENT OF INCOME
--------------------------------
For the Periods Ended June 30, 1995 and 1994
(in millions)
Second Quarter First Half
------------------------- -------------------------
1995 1994 1995 1994
-------- -------- -------- --------
<S> <C> <C> <C> <C>
(unaudited) (unaudited)
AUTOMOTIVE
Sales $29,861 $28,375 $58,462 $54,445
Costs and expenses (Note 2)
Costs of sales 26,503 25,000 51,984 48,245
Selling, administrative, and other expenses 1,584 1,409 2,922 2,675
------- ------- ------- -------
Total costs and expenses 28,087 26,409 54,906 50,920
Operating income 1,774 1,966 3,556 3,525
Interest income 216 163 423 291
Interest expense 174 163 340 339
------- ------- ------- -------
Net interest income/(expense) 42 0 83 (48)
Equity in net income of affiliated companies 19 42 39 109
Net expense from transactions with
Financial Services (36) (11) (59) (19)
------- ------- ------- -------
Income before income taxes - Automotive 1,799 1,997 3,619 3,567
FINANCIAL SERVICES
Revenues 6,528 5,397 12,710 9,729
Costs and expenses
Interest expense 2,344 1,668 4,511 3,266
Depreciation 1,600 1,197 3,121 2,100
Operating and other expenses 1,292 1,223 2,628 2,047
Provision for credit and insurance losses 443 409 865 753
Loss on disposition of Granite Savings Bank
(formerly First Nationwide Bank) - - - 475
------- ------- ------- -------
Total costs and expenses 5,679 4,497 11,125 8,641
Net revenue from transactions with Automotive 36 11 59 19
------- ------- ------- -------
Income before income taxes - Financial Services 885 911 1,644 1,107
------- ------- ------- -------
TOTAL COMPANY
Income before income taxes 2,684 2,908 5,263 4,674
Provision for income taxes 1,053 1,161 2,041 1,986
------- ------- ------- -------
Income before minority interests 1,631 1,747 3,222 2,688
Minority interests in net income of subsidiaries 59 36 100 73
------- ------- ------- -------
Net income 1,572 1,711 3,122 2,615
Preferred stock dividend requirements 69 72 141 144
------- ------- ------- -------
Income attributable to Common and Class B Stock $ 1,503 $ 1,639 $ 2,981 $ 2,471
======= ======= ======= =======
Average number of shares of Common and Class B
Stock outstanding 1,040 1,005 1,033 1,002
AMOUNTS PER SHARE OF COMMON STOCK AND CLASS B
STOCK AFTER PREFERRED STOCK DIVIDENDS
Income $ 1.45 $ 1.63 $ 2.89 $ 2.47
======= ======= ======= =======
Income assuming full dilution $ 1.30 $ 1.44 $ 2.59 $ 2.20
Cash dividends $ 0.31 $ 0.225 $ 0.57 $ 0.425
</TABLE>
The accompanying notes are part of the financial statements.
<PAGE>
<TABLE>
<CAPTION>
Ford Motor Company and Subsidiaries
CONSOLIDATED BALANCE SHEET
--------------------------
(in millions)
June 30, December 31,
1995 1994
------------ ------------
<S> <C> <C>
ASSETS (unaudited)
Automotive
Cash and cash equivalents $ 8,381 $ 4,481
Marketable securities 5,630 7,602
-------- --------
Total cash, cash equivalents, and marketable securities 14,011 12,083
Receivables 3,100 2,548
Inventories (Note 3) 6,841 6,487
Deferred income taxes 3,059 3,062
Other current assets 1,851 2,006
Net current receivable from Financial Services 347 677
-------- --------
Total current assets 29,209 26,863
Equity in net assets of affiliated companies 3,496 3,554
Net property 29,200 27,048
Deferred income taxes 4,305 4,146
Other assets 6,772 6,760
-------- --------
Total Automotive assets 72,982 68,371
Financial Services
Cash and cash equivalents 2,245 1,739
Investments in securities 6,961 6,105
Net receivables and lease investments 143,527 130,356
Other assets 14,093 12,783
-------- --------
Total Financial Services assets 166,826 150,983
-------- --------
Total assets $239,808 $219,354
======== ========
LIABILITIES AND STOCKHOLDERS' EQUITY
Automotive
Trade payables $ 11,222 $ 10,777
Other payables 1,933 2,624
Accrued liabilities 12,925 11,599
Income taxes payable 996 316
Debt payable within one year 796 155
-------- --------
Total current liabilities 27,872 25,471
Long-term debt 6,070 7,103
Other liabilities 25,890 24,920
Deferred income taxes 1,188 948
-------- --------
Total Automotive liabilities 61,020 58,442
Financial Services
Payables 2,878 2,361
Debt 136,496 123,713
Deferred income taxes 3,540 2,958
Other liabilities and deferred income 8,311 7,669
Net payable to Automotive 347 677
-------- --------
Total Financial Services liabilities 151,572 137,378
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 $2.8 billion and $3.4 billion) * *
Common Stock, par value $1.00 per share (1,004 and 952 million shares issued) 1,004 952
Class B Stock, par value $1.00 per share (71 million shares issued) 71 71
Capital in excess of par value of stock 5,440 5,273
Foreign currency translation adjustments and other 1,158 189
Earnings retained for use in business 17,567 15,174
-------- --------
Total stockholders' equity 25,240 21,659
-------- --------
Total liabilities and stockholders' equity $239,808 $219,354
======== ========
- - - - - -
*Less than $1 million
</TABLE>
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 June 30, 1995 and 1994
(in millions)
First Half 1995 First Half 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 6,058 6,373 8,134 4,532
Net sales/(purchases) of trading securities 1,980 285 (1,279) 180
-------- -------- -------- --------
Net cash flows from operating activities 8,038 6,658 6,855 4,712
Cash flows from investing activities
Capital expenditures (3,950) (147) (3,480) (121)
Acquisitions of receivables and lease investments - (50,981) - (45,614)
Collections of receivables and lease investments - 35,105 - 29,523
Net acquisitions of daily rental vehicles - (1,894) - (1,134)
Purchases of securities (41) (3,533) (113) (6,395)
Sales and maturities of securities 33 2,713 235 6,247
Proceeds from sales of receivables and lease investments - 634 - 1,530
Investing activity with Financial Services (839) - 15 -
Other 179 (109) 228 (466)
-------- -------- -------- --------
Net cash used in investing activities (4,618) (18,212) (3,115) (16,430)
Cash flows from financing activities
Cash dividends (729) - (569) -
Issuance of Common Stock 218 - 294 -
Changes in short-term debt 696 4,207 (735) 7,010
Proceeds from issuance of other debt 0 12,301 128 11,234
Principal payments on other debt (207) (5,531) (41) (7,156)
Financing activity with Automotive - 839 - (15)
Receipts from annuity contracts - 247 - 519
Other 6 118 0 (552)
-------- -------- -------- -------
Net cash (used in)/provided by financing activities (16) 12,181 (923) 11,040
Effect of exchange rate changes on cash 166 209 346 149
Net transactions with Automotive/Financial Services 330 (330) (416) 416
-------- -------- -------- --------
Net increase/(decrease) in cash and cash equivalents 3,900 506 2,747 (113)
-------- -------- -------- --------
Cash and cash equivalents at June 30 $ 8,381 $ 2,245 $ 8,414 $ 2,442
======== ======== ======== ========
</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):
Second Quarter First Half
------------------ ------------------
1995 1994 1995 1994
------ ------ ----- -----
Depreciation $605 $564 $1,194 $1,145
Amortization 629 582 1,341 1,124
3. Automotive inventories are summarized as follows (in millions):
June 30, December 31,
1995 1994
-------- ------------
Raw materials, work
in process and supplies $3,261 $3,192
Finished products 3,580 3,295
------ ------
Total inventories $6,841 $6,487
====== ======
U.S. inventories $2,751 $2,917
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 June 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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<CASH> 8,381
<SECURITIES> 5,630
<RECEIVABLES> 3,171
<ALLOWANCES> 71
<INVENTORY> 6,841
<CURRENT-ASSETS> 29,209
<PP&E> 64,491
<DEPRECIATION> 35,291
<TOTAL-ASSETS> 72,982
<CURRENT-LIABILITIES> 27,872
<BONDS> 6,070
<COMMON> 0
0
0
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 0
<SALES> 58,462
<TOTAL-REVENUES> 58,462
<CGS> 51,984
<TOTAL-COSTS> 54,906
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 340
<INCOME-PRETAX> 3,619
<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-Qq for the period ended June 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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<CASH> 2,245
<SECURITIES> 6,961
<RECEIVABLES> 143,527
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 166,826
<CURRENT-LIABILITIES> 0
<BONDS> 136,496
<COMMON> 0
0
0
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 0
<SALES> 12,710
<TOTAL-REVENUES> 12,710
<CGS> 0
<TOTAL-COSTS> 11,125
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 865
<INTEREST-EXPENSE> 4,511
<INCOME-PRETAX> 1,644
<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 Form 10-Q for the period ended June 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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<TOTAL-ASSETS> 239,808
<COMMON> 1,075
0
0
<OTHER-SE> 24,165
<TOTAL-LIABILITY-AND-EQUITY> 239,808
<TOTAL-REVENUES> 71,172
<INCOME-TAX> 2,041
<INCOME-CONTINUING> 3,122
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 3,122
<EPS-PRIMARY> 2.89
<EPS-DILUTED> 2.59
</TABLE>
