<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 11-K
(Mark One)
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
X SECURITIES 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 CREDIT SAVINGS PLAN
(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> 2
-2-
REQUIRED INFORMATION
Financial Statements
Statement of Net Assets Available for Benefits, as of
December 31, 1995 and 1994.
Statement of Changes in Net Assets Available for 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.
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 Credit Savings Plan Committee has duly caused this Annual Report to be
signed by the undersigned thereunto duly authorized.
FORD CREDIT SAVINGS PLAN
By: /s/R. A. Konst
-------------------------------------
R. A. Konst, Member
Ford Credit Savings Plan Committee
June 27, 1996
<PAGE> 3
FORD CREDIT SAVINGS PLAN
ANNUAL REPORT
FOR THE YEAR ENDED DECEMBER 31, 1995
FILED PURSUANT TO SECTION 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934
<PAGE> 4
FORD CREDIT SAVINGS PLAN
CONTENTS
PAGES
Report of Independent Accountants........................................ 2
Financial Statements:
Statements of Net Assets Available for Plan
Benefits as of December 31, 1995 and 1994......................... 3-4
Statement of Changes in Net Assets Available for Plan
Benefits for the year ended December 31, 1995..................... 5
Notes to Financial Statements........................................ 6-10
Supplemental Schedules:
Schedule I - Item 27a - Schedule of Assets Held for Investment
Purposes as of December 31, 1995.................................. 11
Schedule II - Item 27d - Schedule of Reportable Transactions for the
Year Ended December 31, 1995...................................... 12
<PAGE> 5
REPORT OF INDEPENDENT ACCOUNTANTS
To the Boards of Directors of
Ford Motor Company and
Ford Motor Credit Company:
We have audited the accompanying Statements of Net Assets Available for Plan
Benefits of the Ford Credit Savings Plan 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 Plan's sponsor. 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 audits 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 plan benefits of the Ford
Credit Savings Plan as of December 31, 1995 and 1994, and the changes in net
assets available for plan 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
Credit Savings Plan 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 fund information in the Statements of Net Assets
Available for Plan Benefits and the Statement of Changes in Net Assets
Available for Plan Benefits is presented for purposes of additional analysis
rather than to present the net assets and changes in net assets for each fund.
The supplemental schedules and fund information 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 21, 1996
<PAGE> 6
FORD CREDIT SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
as of December 31, 1995
<TABLE>
<CAPTION>
FORD GROWTH INTERMEDIATE RETIREMENT
STOCK INCOME MAGELLAN COMPANY BOND MONEY
FUND FUND FUND FUND FUND MARKET
------------- ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C>
Assets:
Loan funds receivable
Investments (at fair value):
Money market $ 19,338,703
Corporate stock $ 152,285,870
Registered Investment Co. $ 29,641,895 $ 18,905,218 $ 7,938,416
Deposits with bank and
insurance companies
under group contracts $ 23,258,299
------------- ------------ ------------ ------------ ------------ ------------
Total assets $ 152,285,870 $ 23,258,299 $ 29,641,895 $ 18,905,218 $ 7,938,416 $ 19,338,703
============ ============ ============ ============ ============ ============
Net assets available
for plan benefits $ 152,285,870 $ 23,258,299 $ 29,641,895 $ 18,905,218 $ 7,938,416 $ 19,338,703
============ ============ ============ ============ ============ ============
</TABLE>
<TABLE>
<CAPTION>
U. S.
EQUITY LOAN OVERSEAS
INDEX POOL FUND FUND OTHER TOTAL
------------ ----------- ----------- ----------- -------------
<S> <C> <C> <C> <C> <C>
Assets:
Loan funds receivable $ 8,110,134 $ 8,110,134
Investments (at fair value):
Money market 19,338,703
Corporate stock 152,285,870
Registered Investment Co. $ 19,064,021 $ 2,705,308 $ 5,901,162 84,156,020
Deposits with bank and
insurance companies
under group contracts 23,258,299
------------ ----------- ----------- ----------- -------------
Total assets $ 19,064,021 $ 8,110,134 $ 2,705,308 $ 5,901,162 $ 287,149,026
============ =========== =========== =========== =============
Net assets available
for plan benefits $ 19,064,021 $ 8,110,134 $ 2,705,308 $ 5,901,162 $ 287,149,026
============ =========== =========== =========== =============
</TABLE>
The accompanying notes are an integral
part of the financial statements.
<PAGE> 7
FORD CREDIT SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
as of December 31, 1994
<TABLE>
<CAPTION>
FORD GROWTH INTERMEDIATE
STOCK INCOME MAGELLAN COMPANY BOND
FUND FUND FUND FUND FUND
------------- ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
Assets:
Loan funds receivable
Investments (at fair value):
Money market
Corporate stock $ 138,044,343
Registered Investment Co. $ 19,171,429 $ 11,295,485 $ 6,476,169
Deposits with bank and
insurance companies
under group contracts $ 22,657,169
- ------------ ------------ ------------ ------------ ------------
Total assets $ 138,044,343 $ 22,657,169 $ 19,171,429 $ 11,295,485 $ 6,476,169
============= ============ ============ ============ ============
Net assets available
for plan benefits $ 138,044,343 $ 22,657,169 $ 19,171,429 $ 11,295,485 $ 6,476,169
============= ============ ============ ============ ============
</TABLE>
<TABLE>
<CAPTION>
RETIREMENT U. S.
MONEY EQUITY LOAN OVERSEAS
MARKET INDEX POOL FUND FUND TOTAL
------------ ------------ ----------- ----------- -------------
<S> <C> <C> <C> <C> <C>
Assets:
Loan funds receivable $ 6,578,103 $ 6,578,103
Investments (at fair value):
Money market $ 11,403,713 11,403,713
Corporate stock 138,044,343
Registered Investment Co. $ 14,161,113 $ 2,393,731 53,497,927
Deposits with bank and
insurance companies
under group contracts 22,657,169
------------ ------------ ----------- ----------- -------------
Total assets $ 11,403,713 $ 14,161,113 $ 6,578,103 $ 2,393,731 $ 232,181,255
============= ============ =========== =========== =============
Net assets available
for plan benefits $ 11,403,713 $ 14,161,113 $ 6,578,103 $ 2,393,731 $ 232,181,255
============= ============ =========== =========== =============
</TABLE>
The accompanying notes are an integral part of the financial statements.
<PAGE> 8
FORD CREDIT SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS
for the year ended December 31, 1995
<TABLE>
<CAPTION>
FORD GROWTH INTERMEDIATE RETIREMENT
STOCK INCOME MAGELLAN COMPANY BOND MONEY
FUND FUND FUND FUND FUND MARKET
------------- ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C>
Interest and dividend income $ 6,175,702 $ 1,431,209 $ 1,670,398 $ 841,794 $ 446,258 $ 934,170
Net appreciation (depreciation)
in fair value of
investments 6,104,286 5,448,193 3,737,948 396,948
Loan repayment (principal) 1,336,662 36,203 492,040 238,793 169,630 248,047
Loan repayment (interest) 228,367 3,377 88,840 40,758 25,821 48,172
Loan funds transferred (out) in (1,841,677) (1,035,430) (394,520) (241,181) (417,149)
Contributions:
Employees 6,824,174 426,826 3,222,957 1,969,691 815,585 1,477,462
Company matching 10,708,202
Withdrawal of participants' accounts (3,291,239) (300,005) (600,015) (300,118) (220,096) (863,323)
Net transfers between funds (12,002,950) (996,480) 1,183,483 1,475,387 69,282 6,507,611
------------- ------------ ------------ ------------ ------------ ------------
Net increase (decrease) in net assets
for the period 14,241,527 601,130 10,470,466 7,609,733 1,462,247 7,934,990
Net assets, beginning of year 138,044,343 22,657,169 19,171,429 11,295,485 6,476,169 11,403,713
------------- ------------ ------------ ------------ ------------ ------------
Net assets, end of year $ 152,285,870 $ 23,258,299 $ 29,641,895 $ 18,905,218 $ 7,938,416 $ 19,338,703
============= ============ ============ ============ ============ ============
</TABLE>
<TABLE>
<CAPTION>
U. S.
EQUITY LOAN OVERSEAS
INDEX POOL FUND FUND OTHER TOTAL
------------ ------------- ----------- ----------- -------------
<S> <C> <C> <C> <C> <C>
Interest and dividend income $ 59,651 $ 317,156 $ 11,876,338
Net appreciation (depreciation) in fair
value of investments $ 5,220,470 135,488 243,399 21,286,732
Loan repayment (principal) 230,352 $ (2,801,239) 27,556 21,956 -
Loan repayment (interest) 40,891 5,648 4,526 486,400
Loan funds transferred (out) in (353,690) 4,370,400 (55,892) (30,861) -
Contributions:
Employees 962,076 18,600 412,540 497,624 16,627,535
Company matching 10,708,202
Withdrawal of participants' accounts (226,544) (55,730) (100,648) (59,718) (6,017,436)
Net transfers between funds (970,647) (172,766) 4,907,080 -
------------ ------------- ----------- ----------- -------------
Net increase (decrease) in net assets
for the period 4,902,908 1,532,031 311,577 5,901,162 54,967,771
Net assets, beginning of year 14,161,113 6,578,103 2,393,731 - 232,181,255
------------ ------------- ----------- ----------- -------------
Net assets, end of year $ 19,064,021 $ 8,110,134 $ 2,705,308 $ 5,901,162 $ 287,149,026
============ =========== =========== =========== =============
</TABLE>
The accompanying notes are an integral part of
the financial statements.
<PAGE> 9
FORD CREDIT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
1. ACCOUNTING POLICIES:
a. INVESTMENTS: The investment in the Ford Stock Fund, representing shares
of Ford Motor Company Common Stock ("Company Stock") and other
investments, and the investments in all other funds except the Income
Fund are valued on the basis of established year-end market prices.
Investments in the Income Fund are stated at contract value which
approximates market.
b. LOANS: The Ford Credit Savings Plan (the "Plan") includes provisions
allowing participants to apply for and receive a loan from the Plan in
an amount not exceeding in the aggregate (a) the value, at any time of
any such loan, of the securities, cash (except any amount credited to a
participants income fund subaccount), and cash value of investments in
his or her before-tax savings account that are attributable to
before-tax savings contributions made on his or her behalf and that the
member shall have designated to be used to provide the amount of the
loan; (b) 50 percent of the value of all assets credited to the member's
account under the Plan, excluding unvested Company matching
contributions, or (c) $50,000. The interest rate of the loan is based
on the prime rate at the time the loan is granted. The entire amount of
the loan and the related interest must be repaid not later than 60
months after the month in which the loan is effective.
c. CONTRIBUTIONS: Contributions to the Ford Credit Savings Plan (the
"Plan") from employees and from Ford Motor Credit Company (the "Company"
or "Ford Credit") are recorded in the period that payroll deductions are
made from plan participants.
d. OTHER: Purchases and sales of securities are reflected on a trade-date
basis. Gains and losses on sales of securities are based on identified
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 net 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.
e. ESTIMATES: 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 reported amounts of revenues and
expenses during the reporting period. Actual results could differ from
estimates.
<PAGE> 10
NOTES TO FINANCIAL STATEMENTS, CONTINUED
2. DESCRIPTION OF THE PLAN:
The Plan became effective July 1, 1993. At that date, assets relating to
employees of Ford Credit, who previously participated in the Ford Motor
Company Savings and Stock Investment Plan for Salaried Employees (" Ford
SSIP") were transferred into the Plan.
Following is a brief description of the Plan. The provisions of the Plan
are governed in all respects by the detailed terms and conditions contained
in the Plan itself.
a. TYPE AND PURPOSE OF THE PLAN: The Plan is a defined contribution
plan established to encourage and facilitate systematic savings and
investment by eligible salaried employees and to provide them with an
opportunity to become stockholders of Ford Motor Company. The Plan
includes provisions for voting shares of Company Stock.
b. ELIGIBILITY: With certain exceptions, regular full-time salaried
employees having at least 12 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: The Plan has both before-tax and after-tax
savings components. Under the Plan and subject to limits required to
be imposed by the Internal Revenue Code, participants may elect a
reduction in base salary up to 15 percent with a corresponding
contribution, defined below, made to the Plan by the Company on their
behalf. Subject to limitations imposed by the Internal Revenue Code,
participants may also contribute up to 10 percent of their base
salaries to the regular savings feature of the Plan on an after-tax
basis. The investment programs are the same for all savings
contributions.
All of the Company matching contributions are invested in shares of
Ford Motor Company stock.
For the years ended December 31, 1995 and 1994, the Company matched 100
percent of each dollar contributed up to 4 percent of each
participant's base salary. In addition to the 100 percent match, the
Company matched 50 percent of the next 4 percent of each contributing
participant's base salary.
d. TRANSFER OF ASSETS: The Plan permits the transfer of assets
among investment elections, with certain restrictions related to
transfers from the Income Fund, as described below.
<PAGE> 11
NOTES TO FINANCIAL STATEMENTS, CONTINUED
2. DESCRIPTION OF THE PLAN, CONTINUED:
e. 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 approximate number of participants in each program in December
1995 and 1994 were as follows:
<TABLE>
<CAPTION>
1995 1994
<S> <C> <C>
Ford Stock Fund 6,400 6,200
Fidelity Retirement Money Market Portfolio 1,700 1,200
Income Fund 4,000 4,200
Fidelity Intermediate Bond Fund 1,600 1,700
Fidelity U.S. Equity Index Commingled Pool 1,900 1,900
Fidelity Magellan Fund 3,800 3,600
Fidelity Growth Company Fund 2,700 2,700
Fidelity Overseas Fund 600 600
Fidelity Asset Manager Fund 100 -
Fidelity Puritan Fund 200 -
Fidelity Contrafund 400 -
</TABLE>
At December 31, 1995 and 1994, approximately 6,500 and 6,200
participants, respectively, had assets in the Plan.
Participants may elect to contribute to an Income Fund placed with an
insurance company or bank. The insurance company or bank agrees to
repay the principal and a stipulated rate of interest over a specified
time period. Contributions to the Income Fund may not be transferred
to other funds until the contract expires. Contributions to the 1995
Income Fund were placed with John Hancock Mutual Life Insurance Co.,
at an annual effective interest rate of 8.07 percent. Contributions to
the Income Fund in 1994 were placed with Prudential Insurance Company
of America ("Prudential") at an annual effective interest rate of 4.94
percent. Contributions to the Income Fund in 1993 were placed with
Lehman Government Securities, Inc. at an annual effective interest
rate of 5.49 percent. Contributions to the Income Fund in 1992 were
placed with Prudential at an annual effective interest rate of 7.03
percent. Effective June 30, 1995, assets in the Income Fund for 1992
were transferred to other investment programs, including the Income
Fund for 1995 based on participants' elections. Participants may not
take out a participant loan against money in the Income Fund.
Participants in the Income Fund may not withdraw from this fund before
expiration of the contracts unless the participant is no longer
employed by Ford Credit.
The "Other" column in the Statement of Plan Assets Available for Plan
Benefits and the Statement of Changes in Plan Assets Available for
Plan Benefits is comprised of plan assets invested in the Asset
Manager Fund, Contrafund and Puritan Fund. Investment details as of
December 31, 1995 are set forth in Supplemental Schedule I - Item
27a - Schedule of Assets Held for Investment Purposes.
<PAGE> 12
NOTES TO FINANCIAL STATEMENTS, CONTINUED
2. DESCRIPTION OF THE PLAN, CONTINUED:
f. VESTING AND DISTRIBUTIONS: Before-tax assets, after-tax assets
and assets resulting from Company matching contributions (Ford Stock
Fund) are accumulated in annual "classes."
Effective July 1, 1993, Company matching contributions vest 25 percent
after 2 years of plan service and an additional 25 percent after the
completion of each of the subsequent 3 years of plan service. Upon
completion of 5 years of service, all assets attributable to Company
matching contributions held in participants' accounts and all future
contributions vest when made.
Before-tax 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.
3. FORFEITURES:
The Plan permits the Company to use the value of the units in the Ford
Stock Fund forfeited from participants' accounts to pay certain plan
administration expenses and, to the extent that these amounts are not used
to pay such expenses, to reduce the Company's contributions to the Plan. To
the extent that the forfeited amounts are not readily available to pay
certain administrative expenses, the Company pays such expenses directly.
For the periods January 1, 1995 through December 31, 1995 and January 1,
1994 through December 31, 1994, participant forfeitures amounted to
approximately $35,000 and $24,000, respectively. The forfeitures have not
been applied to the administrative expenses of the Plan. The costs of
administering the Plan are being absorbed by Ford Credit.
4. TAX STATUS:
The Internal Revenue Service has determined and informed the Company by
letter dated December 13, 1995, that the Plan and the related trust are
designed in accordance with the applicable sections of the Internal Revenue
Code. The Plan has been amended since receiving the determination letter
in order to comply with the stipulations of the determination.
5. PLAN TERMINATION:
The Plan was merged with the Ford SSIP on January 2, 1996. At that time,
the Ford Credit Savings Plan assets were transferred to the Ford SSIP and
the employees of Ford Credit began participating in the Ford SSIP subject
to the terms of the Ford SSIP.
<PAGE> 13
NOTES TO FINANCIAL STATEMENTS, CONTINUED
5. PLAN TERMINATION, CONTINUED:
Ford Motor Company, by action of the Board of Directors, may terminate the
Ford SSIP at any time. Termination of the Ford SSIP would not affect the
rights of a participant as to (a) the continuance of investment,
distribution or withdrawal of the investments held in the account of the
participant as of the effective date of such termination, or (b)
continuance of vesting of such securities and cash attributable to Company
matching contributions or earnings thereon.
6. ASSET VALUE PER FUND UNIT:
The number of units, and the asset value per unit, in the Plan's
investments at December 31, 1995 and 1994 are as follows:
<TABLE>
<CAPTION>
DECEMBER 31, 1995 DECEMBER 31, 1994
---------------------- --------------------
NUMBER ASSET NUMBER ASSET
OF VALUE OF VALUE
UNITS PER UNIT UNITS PER UNIT
---------- -------- ---------- --------
<S> <C> <C> <C> <C>
Ford Stock Fund 13,184,924 $ 11.55 12,391,772 $ 11.14
Income Fund 23,258,299 1.00 26,572,169 1.00
Magellan Fund 344,753 85.98 286,997 66.80
Growth Company Fund 520,949 36.29 414,361 27.26
Intermediate Bond Fund 762,576 10.41 658,817 9.83
Retirement Money Market 19,338,703 1.00 11,403,713 1.00
U.S. Equity Index Pool 1,156,096 16.49 1,182,063 11.98
Overseas Fund 93,062 29.07 87,682 27.30
Contrafund 99.928 38.02 - -
Puritan Fund 91,536 17.01 - -
Asset Manager Fund 34,378 15.85 - -
</TABLE>
1111
<PAGE> 14
FORD CREDIT SAVINGS PLAN
SCHEDULE I
ITEM 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
as of December 31, 1995
<TABLE>
<CAPTION>
(c)
(b) DESCRIPTION OF INVESTMENT,
IDENTITY OF ISSUER, INCLUDING MATURITY DATE, (e)
BORROWER, LESSOR RATE OF INTEREST, COLLATERAL, (d) CURRENT
(a) OR SIMILAR PARTY PAR OR MATURITY VALUE COST VALUE
- ----- ------------------------------------ -------------------------------------- ------------ ------------
<S> <C> <C> <C> <C>
Income Funds:
John Hancock Mutual Life Insurance 6/30/98 maturity, 8.07 percent $ 11,659,291 $ 11,658,322
interest rate
The Prudential Insurance Company of 6/30/97 maturity, 4.94 percent 4,247,839 4,247,839
America interest rate
Lehman Government Securities, Inc. 7/1/96 maturity, 5.49 percent
interest rate 7,352,138 7,352,138
Equity Funds:
* Fidelity Investments Ford Stock Fund, 13,184,924 shares 157,242,847 152,285,870
* Fidelity Investments Magellan Fund, 344,753 shares 26,118,344 29,641,895
* Fidelity Investments U.S. Equity Index Pool, 1,156,096 shares 13,576,957 19,064,021
* Fidelity Investments Growth Company Fund, 520,949 shares 16,328,830 18,905,218
* Fidelity Investments Overseas Fund, 93,062 shares 2,650,130 2,705,308
* Fidelity Investments Puritan Fund, 91,536 shares 1,487,069 1,557,022
* Fidelity Investments Contrafund, 99,928 shares 3,708,297 3,799,253
Bond Funds:
* Fidelity Investments Intermedite Bond Fund, 762,576 shares 8,035,312 7,938,416
Cash equivalents:
* Fidelity Investments Retirement Money Market, 19,338,703 shares 19,338,703 19,338,703
Asset Allocation Fund:
* Fidelity Investments Asset Manager Fund, 34,378 shares 522,142 544,887
Loans:
* Plan Participant Participant Loans, interest rates varying
from 6.0 to 9.0 percent. - 8,110,134
</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 party-in-interest.
<PAGE> 15
FORD CREDIT SAVINGS PLAN
SCHEDULE II
ITEM 27d - SCHEDULE OF REPORTABLE TRANSACTIONS
for the year ended December 31, 1995
<TABLE>
<CAPTION>
REALIZED
IDENTITY OF PURCHASE TOTAL NUMBER OF NUMBER GAIN
PARTY INVOLVED DESCRIPTION OF ASSET PRICE SALES PURCHASES OF SALES OR (LOSS)
- -------------------- ------------------------------------------- ------------ ----------- --------- -------- ---------
<S> <C> <C> <C> <C> <C> <C>
REPORTABLE CRITERION I: Any single transaction within the plan year
that involves more than five percent of the
current value of plan assets
None
REPORTABLE CRITERION II: Any series of transactions in other than
securities within the plan year with or in
conjunction with the same person that, when
aggregated, involves more than five percent
of current value of plan assets.
None
REPORTABLE CRITERION III: Any series of transactions within the plan year
with respect to securities of the same issue
that, when aggregated, involves more than five
percent of the current value of plan assets
Fidelity Investments:
Magellan $ 12,027,762 $ 7,004,703 252 249 $ 478,856
Retirement Money Market 32,379,969 24,444,979 253 248 -
Ford Stock Fund 41,803,957 33,669,519 252 252 5,413,186
John Hancock Mutual Life Insurance Company
Investment Contract 11,674,522 15,231 79 17 -
Prudential Insurance Company of America
Investment Contract 376,261 11,397,990 11 10 -
REPORTABLE CRITERION IV: Any transaction within the plan year with respect
to securities with or in conjunction with the
same person with whom any prior or subsequent
single five percent security transaction within
the plan year took place.
None
</TABLE>
<PAGE> 16
-3-
EXHIBIT INDEX
Sequential
Page Number
Designation Description at Which Found
Exhibit 23 Consent of Coopers & Lybrand L.L.P.
<PAGE> 1
EXHIBIT 23
Consent of Independent Accountants
Ford Motor Company
Ford Motor Credit Company
Dearborn, Michigan
Re: Ford Credit Savings Plan Registration Statement
We consent to the incorporation by reference in the registration statements of
Ford Motor Company on Form S-8 (File No. 33-54304) of our report dated June
21, 1996 on our audits of the financial statements and financial statement
schedules of the Ford Credit Savings Plan as of December 31, 1995 and for the
period from January 1, 1995 to December 31, 1995 to the Boards of Directors
of Ford Motor Company and Ford Motor Credit Company which is included in this
Annual Report on Form 11-K.
/s/ Coopers & Lybrand L.L.P.
Coopers & Lybrand L.L.P.
400 Renaissance Center
Detroit, Michigan 48243
June 25, 1996
