SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 11-K
(Mark One)
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
__X__ EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the fiscal year ended December 31, 1995
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,
1995 and 1994.
Statement of Changes in Net Assets Available for Plan Benefits for the
Year Ended December 31, 1995.
Schedule I - Schedule of Assets Held for Investment Purposes as of
December 31, 1995.
Schedule II - Reportable Transactions for the Year Ended December 31,
1995.
<PAGE>
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, 1996
<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:
Statement of Net Assets Available for Plan Benefits
as of December 31, 1995 and 1994 3
Statement of Changes in Net Assets Available for Plan
Benefits for the Year Ended December 31, 1995 4
Notes to Financial Statements 5-11
Supplemental Schedules:
Schedule I - Item 27a - Schedule of Assets Held for
InvestmentPurposes as of December 31, 1995 12-13
Schedule II - Item 27d - Reportable Transactions
for the Year Ended December 31, 1995 14
<PAGE>
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, 1995 and 1994, and the related statement of
changes in net assets available for plan benefits for the year ended December
31, 1995. 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 accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable
basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for benefits of the Plan as of
December 31, 1995 and 1994, and the changes in net assets available for benefits
for the year ended December 31, 1995, 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, 1995,
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. 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 to the basic financial statements taken as
a whole.
/s/COOPERS & LYBRAND L.L.P.
Detroit, Michigan
June 7, 1996
<PAGE>
Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees
Statement of Net Assets Available for Plan Benefits
as of December 31, 1995 and 1994
December 31,
-----------------------------
ASSETS 1995 1994
---------- ------------
Contributions receivable - $ 15,423,942
Interest and dividends receivable - 1,021,596
Loan funds receivable $87,418,656 67,509,219
Deposits with insurance companies under
group contracts 229,621,731 265,659,358
Investments at fair value 1,334,529,915 1,015,671,348
-------------- -------------
Total assets $1,651,570,302 $1,365,285,463
=============== ==============
LIABILITIES AND PLAN EQUITY
Loans payable - $ 1,335,000
Employee stock ownership plan loan payable - 12,494,977
Employee stock ownership plan interest
payable - 68,839
--------------- --------------
Total liabilities - $ 13,898,816
=============== ==============
Net assets available for benefits $1,651,570,302 $1,351,386,647
=============== ==============
The accompanying notes are an integral part of the financial statements.
3
<PAGE>
Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees
Statement of Changes in Net Assets Available for Plan Benefits
for the year ended December 31, 1995
<TABLE>
<CAPTION>
Stable
Ford Value Interest Common
Stock Income Income Stock Income International
Fund Fund Fund Fund Funds Funds
-------------- ------------- -------------- -------------- ----------- ---------
<S> <C> <C> <C> <C> <C> <C>
Interest and dividend
income $ 35,983,083 $ 14,348,569 $14,284,053 $ 3,606,500 $ 412,812 $ 50,726
Net appreciation (depreciation)
in fair value of investments 36,993,088 32,810,647 1,154,946 34,172
Loan repayment (principle) 141,655 36,914 14,195,452 30,799 4,062 1,710
Loan repayment (interest) 34,195 8,332 3,614,386 6,936 1,121 177
Employee contributions 126,677,548 28,724,253 23,314,768 30,287,090 5,121,658 92,459
Withdrawal of participants'
accounts (26,450,785) (13,770,887) (13,871,737) (4,118,994) (160,710) (51)
Net transfers between funds (8,968,328) (67,715,405) 48,540,410 (6,732,055) 587,145 2,618,148
Loan funds transferred (out) in (25,451,743) (3,178,391) (5,272,153) (516,738) (7,767)
Interest expense (502,611)
----------- ------------ ---------- ----------- --------- --------
Net increase (decrease) in plan
equity for the year 138,456,102 (38,368,224) 86,898,941 50,618,770 6,604,296 2,789,574
Net assets available for benefits,
beginning of year 758,825,994 267,989,955 138,476,439 111,831,518 6,753,522 -
------------- ------------ ------------ ----------- ---------- ----------
Net assets available for benefits,
end of year $897,282,096 $229,621,731 225,375,380 162,450,288 13,357,818 2,789,574
============= ============ =========== =========== ========== =========
<PAGE>
Growth
Asset and
Allocation Growth Income Loan
Funds Funds Funds Fund Total
--------------- ------------ ------------ ------------ ------------- -----------
<S> <C> <C> <C> <C> <C>
Interest and dividend income $ 22,961 $ 1,431,778 $127,629 $ 70,268,111
Net appreciation (depreciation)
in fair value of investments 13,752 (1,208,316) 103,521 69,901,810
Loan repayment (principle) 307 10,803 1,147 $ (14,422,849) -
Loan repayment (interest) 113 1,213 466 3,666,939
Employee contributions 61,644 956,397 226,555 215,462,372
Withdrawal of participants'
accounts (43) (1,842) (3,480) (234,437) (58,612,966)
Net transfers between funds 1,330,387 23,756,219 6,492,459 91,020 -
Loan funds transferred (out) in (1,712) (42,641) (4,558) 34,475,703 -
Interest expense (502,611)
---------- ------------ --------- ------------- -----------
Net increase (decrease) in plan
equity for the year 1,427,409 24,903,611 6,943,739 19,909,437 300,183,655
Net assets available for benefits,
beginning of year - - - 67,509,219 1,351,386,647
----------- ------------ ---------- ------------- -------------
Net assets available for
benefits, end of year $ 1,427,409 $ 24,903,611 $6,943,739 $ 87,418,656 $1,651,570,302
=========== ============ ========== ============= ==============
</TABLE>
The accompanying notes are an integral part of the financial statements.
4
<PAGE>
Ford Motor Company Tax-Efficient Savings Plan for Hourly
Employees
Notes to Financial Statements
1. Summary of Significant Accounting Policies:
a. Investments: The investment in the Ford Stock Fund and
the investments in all other funds except the Stable Value
Income Fund are valued on the basis of established year-end
market prices. Investments in the Stable Value Income Fund,
primarily fixed rate insurance contracts, are at cost as
required by statement of position 94-4 which approximates
market.
b. Contributions: Contributions to the Ford Motor Company
Tax-Efficient Savings Plan for Hourly Employees (the "Plan")
from employees are recorded in the period that payroll
deductions are made from plan participants.
c. Use of Estimates in the Preparation of Financial
Statements: The preparation of financial statements in
conformity with generally accepted accounting principles
requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date
of the financial statements and the reported amounts of
revenues and expenses during the reporting period. Actual
results could differ from those estimates.
d. Other: Purchases and sales of securities are reflected
on a trade-date basis. Gains and losses on sales of
securities are determined using specific identification.
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.
The Ford Stock Fund, the Stable Value Income Fund, the
Interest Income Fund and the Common Stock Fund, which each
represent five percent or more of plan assets at December 31,
1995 are presented separately in the statement of changes in
net assets available for plan benefits. Other funds, which
each represent less than five percent of plan assets, are
combined based on investment objective into the Income Funds,
the International Funds, the Asset Allocation Funds, the
Growth Funds and the Growth and Income Funds.
Certain amounts in the previously issued 1994 financial
statements have been reclassified to conform with the current
year presentation.
5
<PAGE>
Notes to Financial Statements, Continued
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.
a. Type and Purpose of the Plan: The Plan is a defined
contributions 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.
b. 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.
c. 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
percent 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.
d. Transfer of Assets: The Plan permits the transfer of
assets among investment elections, with certain restrictions
related to transfers to/from the Stable Value Income Fund.
e. Loans: The Plan permits loans to participants with
certain restrictions related to loans from the Stable Value
Income Fund.
f. 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 1995, are as
follows:
Participants
Ford Stock Fund 52,403
Stable Value Income Fund 46,817
Interest Income Fund 32,652
Common Stock Fund 20,432
Other 14,120
6
<PAGE>
Notes to Financial Statements, Continued
2. Description of the Plan, continued:
f. Investment Programs and Participation, continued:
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 Stable Value Income Fund in
1995 were placed with John Hancock Mutual Life Insurance
Company, at an annual effective interest rate of 8.07
percent. Contributions to the Stable Value Income Fund in
1994 were placed with the Prudential Insurance Company of
America at an annual effective rate of 4.94 percent.
Contributions to the Stable Value Income Fund in 1993 were
placed with Lehman Government Securities, Inc. at an annual
effective interest rate of 5.49 percent. Contributions to
the Stable Value Income Fund in 1992 were placed with
Prudential Insurance Company of America ("Prudential") at an
annual effective interest rate of 7.03 percent. Effective
June 30, 1995, assets in the Stable Value Income Fund for
1992 were transferred to other investment programs including
the Stable Value Income Fund for 1995 based on participants'
elections. The Stable Value Income Fund will no longer be an
investment election beginning January 1, 1996.
Investment details as of December 31, 1995 are set forth
in the Supplemental Schedule Item 27a - Schedule of Assets
Held for Investment Purposes.
g. Distributions: Plan assets may not be withdrawn by
participants until the termination of their employment or
until they reach 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.
3. 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 and 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.
7
<PAGE>
Notes to Financial Statements, Continued
3. Employee Stock Ownership Plan, continued:
The Plan obtained loans from the Company to purchase shares
of company stock for distribution quarterly. A loan totaling
$23,212,616 was obtained in August 1993 from the Company. It
was payable in 8 equal quarterly installments beginning
September 1, 1993. In 1994, loans were obtained in April
1994, payable in 7 quarterly installments beginning June 1,
1994 and October 1994, payable in 5 quarterly installments
beginning December 1, 1994, for $2,074,377.23 and
$2,108,101.71, respectively. In 1995, loans were obtained in
April 1995, payable in 3 equal quarterly installments
beginning June 1, 1995 and October 1995 payable in one
installment on December 1, 1995 for $2,022,214 and $509,096,
respectively. All outstanding balances were paid as of
December 31, 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 trustee 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
unallocated ESOP shares as of December 31, 1994. There were
no unallocated ESOP shares as of December 31, 1995.
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 trust 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.
The following highlights certain ESOP activity:
1995 1994
Loan Loan
Activity Activity
---------- ----------
Cost of shares purchased with loan cash $2,531,297 $4,182,479
Shares purchased with loan cash 92,762 145,269
Loan principal paid 15,026,286 10,343,635
Loan interest paid and accrued 570,481 1,081,387
8
<PAGE>
Notes to Financial Statements, Continued
4. Asset Value Per Fund Unit:
The number of units, and the asset value per unit, in the
Plan's investments at December 31, 1995 are as follows:
Asset
Number Value
of Units Per Unit
------------- -------------
Stable Value Income Funds 229,621,731 $ 1.00
Interest Income Fund 225,375,380 1.00
T. Rowe Price Spectrum Growth Fund 11,066 13.49
Scudder International Fund 3,460 43.72
Vanguard Life Strategy Conservative Fund 304 11.68
T. Rowe Price Spectrum Income Fund 11,123 11.24
Scudder International Bond Fund 1,107 11.46
Vanguard Life Strategy Moderate Fund 10,577 12.11
T. Rowe Price New Horizons Fund 66,190 20.50
Scudder Global Fund 1,688 27.01
Vanguard Life Strategy Growth Fund 17,492 12.36
T. Rowe Price International Stock Fund 38,655 12.23
T. Rowe Price International Discovery Fund 2,359 17.25
Vanguard Index Trust 500 Fund 34,514 57.60
T. Rowe Price International Discovery Fund 1,655 14.36
Scudder Income Fund 12,467 13.61
Vanguard Index Trust Value Fund 10,954 14.80
T. Rowe Price New Asia Fund 46,770 8.22
Scudder Growth and Income Fund 10,534 20.23
Vanguard Index Trust Growth Fund 17,750 13.97
T. Rowe Price High Yield Fund 18,774 8.19
Scudder Greater Europe Growth Fund 8,928 13.97
Vanguard Explorer Fund 3,839 49.95
T. Rowe Price New Era Fund 2,246 22.65
Scudder Japan Fund 16,870 9.44
Vanguard Trustees International Fund 2,387 31.11
T. Rowe Price Latin America Fund 21,779 5.81
Bond Fund 1,005,167 12.34
Ford Stock Fund 95,751,163 9.37
Common Stock Fund 4,955,774 32.78
Fidelity Fund 11,593 22.61
Fidelity Puritan Fund 43,849 17.01
Fidelity Trend Fund 4,296 52.48
Fidelity Magellan Fund 115,980 85.98
Fidelity Contra Fund 153,419 38.02
Fidelity Equity Income Fund 19,938 37.93
Fidelity Growth Company 63,342 36.29
9
<PAGE>
Notes to Financial Statements, Continued
4. Asset Value Per Fund Unit, continued:
Asset
Number Value
of Units Per Unit
------------- -----------
Fidelity Investment Grade Bond Fund 33,170 $ 7.38
Fidelity Growth and Income Portfolio 80,210 27.05
Fidelity Value Fund 20,395 49.64
Fidelity Government Securities Fund 18,027 10.17
Fidelity Retirement Growth Fund 48,846 18.19
Fidelity Overseas Fund 18,559 29.07
Fidelity Europe Fund 4,857 22.82
Fidelity Pacific Basin Fund 11,386 15.20
Fidelity Real Estate Investment Portfolio 4,802 13.88
Fidelity Balanced Fund 4,423 13.52
Fidelity International Growth and
Income Fund 9,939 17.95
Fidelity Capital Appreciation Fund 10,572 16.78
Fidelity Canada Fund 648 19.02
Fidelity Utilities Fund 22,120 16.16
Fidelity Asset Manager Fund 31,123 15.85
Fidelity Worldwide Fund 14,579 13.44
Fidelity Stock Selector Fund 44,675 22.19
Fidelity Asset Manager Growth Fund 27,272 15.17
Fidelity Asset Manager Income Fund 14,876 11.60
Fidelity Dividend Growth Fund 58,621 15.84
Fidelity New Markets Income Fund 3,606 9.95
Fidelity Global Balanced Fund 1,043 12.84
Fidelity Small Capital Stock Fund 55,149 12.39
Fidelity Global Bond Fund 2,908 9.94
5. Tax Status:
The Plan has received a favorable determination letter from
the Internal Revenue Service that it qualifies 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 taxes. The plan sponsor believes that the Plan,
as amended, continued to qualify and operate as designed.
10
<PAGE>
6. 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.
7. Other:
Differences between the data shown on pages 3 and 4 of this
report and the 1995 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.
8. Subsequent Event:
In January 1996, an Employee Stock Ownership Plan loan
totaling $32,678,677 was obtained from Ford Motor Credit
Company. It is payable in eight equal quarterly installments
beginning March 1, 1996.
11
<PAGE>
Schedule I
Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees
Item 27a - Schedule of Assets Held for Investment Purposes
as of December 31, 1995
(in thousands)
<TABLE>
<CAPTION>
(c)
(b) Description of Investment,
Identify of Issuer Including Maturity Date, (e)
Lessor, Borrower Rate of Interest, Collateral, (d) Current
(a) or Similar Party Par or Maturity Value Cost Value
- ---- -------------------------- ----------------------------------------- ----------------- -----------------
<S> <C> <C> <C> <C>
Lehman Government
Securities, Inc. 7/1/96 Maturity, 5.49% interest rate $ 82,847,322 $ 82,850,322
The Prudential Insurance
Company of America 6/30/97 Maturity, 4.94% interest rate 81,294,656 81,294,656
John Hancock Mutual Life
Insurance Company 6/30/98 Maturity, 8.07% interest rate 65,479,753 65,476,753
Fidelity Investments Interest Income Fund, 225,375,380 shares 225,375,380 225,375,380
Fidelity Investments T. Rowe Price Spectrum Growth Fund, 11,066
shares 153,365 149,278
Fidelity Investments Scudder International Fund, 3,460 shares 153,289 151,289
Fidelity Investments Vanguard Life Strategy Conservative Fund,
304 shares 3,563 3,547
Fidelity Investments T. Rowe Price Spectrum Income Fund,
11,123 shares 123,938 125,017
Fidelity Investments Scudder International Bond Fund, 1,107 shares 12,659 12,690
Fidelity Investments Vanguard Life Strategy Moderate Fund,
10,577 shares 128,313 128,084
Fidelity Investments T. Rowe Price New Horizons Fund,
66,190 shares 1,438,745 1,356,904
Fidelity Investments Scudder Global Fund, 1,688 shares 45,518 45,585
Fidelity Investments Vanguard Life Strategy Growth Fund,
17,492 shares 214,955 216,200
Fidelity Investments T. Rowe Price International Stock Fund,
38,655 shares 470,375 472,747
Fidelity Investments T. Rowe Price International Discovery
Fund, 2,359 shares 41,400 40,696
Fidelity Investments Vanguard Index Trust 500 Fund,
34,514 shares 1,955,384 1,988,005
Fidelity Investments T. Rowe Price International Discovery Fund,
1,655 shares 23,378 23,771
Fidelity Investments Scudder Income Fund, 12,467 shares 169,676 169,670
Fidelity Investments Vanguard Index Trust Value Fund,
10,954 shares 160,980 162,118
Fidelity Investments T. Rowe Price New Asia Fund, 46,770 shares 373,714 384,449
Fidelity Investments Scudder Growth and Income Fund,
10,534 shares 210,137 213,110
Fidelity Investments Vanguard Index Trust Growth Fund I,
17,750 shares 243,587 247,974
Fidelity Investments T. Rowe Price High Yield Fund, 18,774 shares 153,735 153,757
Fidelity Investments Scudder Greater Europe Growth Fund,
8,928 shares 125,000 124,731
Fidelity Investments Vanguard Explorer Fund, 3,859 shares 197,748 191,735
Fidelity Investments T. Rowe Price New Era Fund, 2,246 shares 51,615 50,862
Fidelity Investments Scudder Japan Fund, 16,870 shares 153,979 159,250
Fidelity Investments Vanguard Trustees International Fund,
2,387 shares 76,754 74,251
Fidelity Investments T. Rowe Price Latin America Fund, 21,777
shares 143,000 148,314
Wells Fargo Institutional
Trust Company Bond Fund, 1,005,167 shares 11,046,204 12,403,759
*Ford Motor Company Ford Stock Fund, 95,761,163 shares 704,998,636 897,282,096
Comerica Bank, N.A. Common Stock Fund, 4,955,774 shares 107,341,666 162,450,288
Fidelity Investments Fidelity Fund, 11,593 shares 261,608 262,121
Fidelity Investments Fidelity Puritan Fund, 43,849 shares 745,872 745,872
Fidelity Investments Fidelity Trend Fund, 4,296 shares 259,803 225,431
Fidelity Investments Fidelity Magellan Fund, 115,980 shares 10,432,369 9,971,929
Fidelity Investments Fidelity Contrafund, 153,419 shares 6,164,476 5,832,993
Fidelity Investments Fidelity Equity Income Fund, 19,958 shares 752,830 756,235
Fidelity Investments Fidelity Growth Company Fund, 63,342 shares 2,396,835 2,298,696
Fidelity Investments Fidelity Investment Grade Bond Fund,
33,170 shares 241,965 244,792
Fidelity Investments Fidelity Growth and Income Portfolio,
80,210 shares 2,118,748 2,169,687
Fidelity Investments Fidelity Value Fund, 20,395 shares 1,010,944 1,012,408
Fidelity Investments Fidelity Government Securities Fund,
18,027 shares 181,587 183,340
Fidelity Investments Fidelity Retirement Growth Fund,
48,846 shares 923,324 888,521
</TABLE>
12
<PAGE>
Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees
Item 27a - Schedule of Assets Held for Investment Purposes, Continued
(in thousands)
<TABLE>
<CAPTION>
(c)
(b) Description of Investment,
Identify of Issuer Including Maturity Date, (e)
Lessor, Borrower Rate of Interest, Collateral, (d) Current
(a) or Similar Party Par or Maturity Value Cost Value
- --- -------------------------- --------------------------------------- --------------- -------------
<S> <C> <C> <C> <C>
Fidelity Investments Fidelity Overseas Fund, 18,559 shares $ 532,212 $ 539,506
Fidelity Investments Fidelity Europe Fund, 4,857 shares 111,731 110,841
Fidelity Investments Fidelity Pacific Basin Fund, 11,386 shares 168,091 173,060
Fidelity Investments Fidelity Real Estate Investment Portfolio
Fund, 4,802 shares 64,249 66,649
Fidelity Investments Fidelity Balanced Fund, 4,432 shares 59,046 59,804
Fidelity Investments Fidelity International Growth and Income
Fund, 9,959 shares 179,320 178,398
Fidelity Investments Fidelity Capital Appreciation Fund,
10,572 shares 186,722 177,405
Fidelity Investments Fidelity Canada Fund, 648 shares 11,948 12,326
Fidelity Investments Fidelity Utilities Fund, 22,120 shares 353,158 357,467
Fidelity Investments Fidelity Asset Manager Fund, 31,123 shares 485,808 493,299
Fidelity Investments Fidelity Worldwide Fund, 14,579 shares 194,631 195,943
Fidelity Investments Fidelity Stock Selection Fund, 44,675 shares 1,063,712 991,328
Fidelity Investments Fidelity Asset Manager Growth Fund,
27,272 shares 409,613 413,710
Fidelity Investments Fidelity Asset Manager Income Fund,
14,876 shares 171,382 172,567
Fidelity Investments Fidelity Dividend Growth Fund, 58,621 shares 940,071 928,554
Fidelity Investments Fidelity New Markets Income Fund, 3,606 shares 34,464 35,880
Fidelity Investments Fidelity Global Balanced Fund, 1,043 shares 12,997 13,396
Fidelity Investments Fidelity Small Capital Stock Fund, 55,149
shares 728,652 683,292
Fidelity Investments Fidelity Global Bond Fund, 2,908 shares 28,845 28,908
Plan participants Participants loan, interest rates varying from
8 to 11 percent - 87,418,656
</TABLE>
Note: The current values of each fund are based principally upon the closing
prices of the underlying investments as reported in the New York Stock Exchange
Transactions listing as of the last trading day of 1995. Current values also
include interest and dividends receivable.
*Denotes related party.
13
<PAGE>
Schedule II
Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees
Item 27d - Schedule of Reportable Transactions
for the year ended December 31, 1995
<TABLE>
<CAPTION>
Current
Identity of Purchase Selling Lease Expenses Cost Value Net Gain
Party Involved Description of Asset Price Price Rental Incurred of Asset of Asset or (Loss)
- -------------- ---------------------------- ----------- ----------- ------ -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
REPORTING Single transaction in excess
CRITERION I of five percent of current
- ------------ value of plan assets
Fidelity Interest Income Fund $249,710,833 $249,710,833 $249,710,833
Comerica, N.A. Current Interest Fund $215,877,982 215,877,962 215,877,962
REPORTING Series of transactions in
CRITERION II other than securities in
- ------------ excess of five percent
of current value of plan
Prudential
Asset
Management
Group Guaranteed Investment
Contract 102,326,586 102,326,586 102,326,586
John Hancock
Mutual Life
Insurance
Company Guaranteed Investment
Contract 68,623,154 68,623,154 68,623,154
REPORTING Series of transactions
CRITERION in securities in excess
III of five percent of current
- --------- value of plan assets.
Comerica,
N.A./Fidelity Ford Motor Company
Common Stock 836,934,602 836,934,602 836,934,602
Ford Motor Company
Common Stock 34,661,910 28,973,776 34,661,810 $5,688,132
Comerica,
Bank N.A. Current Interest Fund 18,461,649 18,461,649 18,461,649
Fidelity Interest Income Fund 24,335,453 24,335,453 24,335,453
Comerica,
N.A./
Fidelity Common Stock Fund 139,457,692 139,457,692 139,457,692
Common Stock Fund 92,451,057 66,751,344 92,451,057 25,699,713
REPORTING Single transactions
CRITERION IV with a nonregulated
- ------------ entity in excess
of five percent of
current value
of plan assets.
None.
14
<PAGE>
</TABLE>
Consent of Independent Accountants
Ford Motor Company
The American Road
Dearborn, Michigan
Re: Ford Motor Company Registration Statement
Nos. 33-64605, 33-61107, 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 7, 1996, 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, 1995 and 1994
and for the year ended December 31, 1995, which is included in
this Annual Report on Form 11-K.
/s/Coopers & Lybrand L.L.P.
400 Renaissance Center
Detroit, Michigan 48243
June 20, 1996
