FIRST QUARTER
EARNINGS REVIEW
APRIL 26, 2007
(PRELIMINARY RESULTS)

BUSINESS OVERVIEW
Alan Mulally
President and Chief Executive Officer
SLIDE 1

TOTAL COMPANY
2007 FIRST QUARTER FINANCIAL RESULTS
2006 2007
Wholesales (000) 1,756 1,650
Revenue (Bils.) $ 40.8 $ 43.0
Continuing Operations (Excluding Special Items)*
Pre-Tax Profits (Mils.) $ 172 $ 69
After-Tax Profits (Mils.) 223 (171)
Earnings Per Share** 0.12 (0.09)
Special Items Pre-Tax (Mils.) $(2,520) $ (113)
Net income
After-Tax Profits (Mils.) $(1,423) $ (282)
Earnings Per Share** (0.76) (0.15)
Automotive Gross Cash (Bils.)*** $ 23.7 $ 35.2
! \" # $
% &$ % '
SLIDE 2

TOTAL COMPANY
FIRST QUARTER 2007 OPERATIONS RESULTS
• As expected, Ford North America incurred a significant loss
• Record profits at Premier Automotive Group, with
improvements in all brands
• Ford Europe profitable, and significantly improved compared
with the same period a year ago
• Ford South America was profitable; Mazda was profitable;
Ford Asia Pacific and Africa reported a loss
• Ford Credit was profitable
SLIDE 3

TOTAL COMPANY
FIRST QUARTER PROGRESS
• We are making progress on executing the four priorities of our plan --
restructuring the Company, accelerating product development,
funding our plan, and working effectively as one team
• Introduced the all-new Ford Mondeo and redesigned Ford C-MAX in
Europe
• Recently-introduced U.S. products performing well in the
marketplace, including Ford Edge, Lincoln MKX, F-Series Super Duty,
Ford Escape, and Mercury Mariner
• Achieved $500 million in cost savings
• Reduced North America personnel positions by 18,000
• Completed the sale of one ACH business; have agreements in
principle to sell four additional businesses
• APCO sale finalized in April; reached agreement to sell Aston Martin
• Continue to improve quality
• Global Product Development team performing well
SLIDE 4

FINANCIAL RESULTS
Don Leclair
Chief Financial Officer
SLIDE 5

TOTAL COMPANY
2007 FIRST QUARTER INCOME FROM CONTINUING
OPERATIONS COMPARED WITH NET INCOME
()) ())*
+ &% ,' - . ),/ - . 0 ,)
1 &2 ,'
3 1 ! 4 & , 1 ' - 5 *( - 6
1 &( 7 ()' &5 5 0 '
3 1 ! 4 - &( 0 . / ' - &. . '
2 1 &7 6 ' &7 / '
3 6/( &5 / ('
8 1 ! 4 - &5 . (7 ' - &(/ . '
9 4 ( (
8 1 - &5 . (0 ' - &(/ ('
* : ; ())* 1
SLIDE 6

TOTAL COMPANY
2007 FIRST QUARTER SPECIAL ITEMS
Amount
(Mils.)
Ford North America Separation Programs $ (874)
Related OPEB Curtailment 960
Related Pension Curtailment (175)
Subtotal Ford North America $ (89)
Ford Europe Personnel Reduction Programs (11)
PAG Personnel Reduction Programs / Other (11)
Ford Asia Pacific and Africa Personnel Reduction Programs (2)
Total Pre-Tax Special Items $ (113)
Memo: Impact on Earnings Per Share* (0.06)
SLIDE 7

TOTAL COMPANY
2007 FIRST QUARTER PRE-TAX PROFIT / (LOSS)
BY SECTOR*
(Mils.)
$294
$69
$(225)
Total Automotive Financial
Services
2 <
% = &> ' ()) - &5 )0 ' - &((' - &/ 5 '
SLIDE 8

AUTOMOTIVE SECTOR
2007 FIRST QUARTER AUTOMOTIVE PRE-TAX
PROFITS COMPARED WITH 2006*
(Bils.)
4 ?1 - ),(
- ),7
- ),0
-)
- &),(' - &),(' - &),(' - &),('
-) - &),. '
()) ())* $ = 8 ! 4 1
2 !
*
SLIDE 9

AUTOMOTIVE SECTOR
2007 FIRST QUARTER COST CHANGES*
2007 Costs B / (W) 2006 (Bils.)
Total $0.5 Bils.
$0.5
$0.4
$0.2
$0.1
$0
$(0.1)
$(0.6)
> 2 ,= 8 = 4
, + 4 % @
!
SLIDE 10

AUTOMOTIVE SECTOR
2007 FIRST QUARTER PROFIT / (LOSS) BY SEGMENT*
(Mils.)
4 ?+ -55
- . )(
- (5 6
-550
- ((
- &( '
- &((7 '
- &0 . 5 '
-& 5.'
3 8 , , , 2 A @ 4
@ ,
4
4 ?1 -57*
2 <
% = &> ' ()) - &((' - &5 *(' - &(. ' -57. - (7 ) - &(/ ' - &(0 ' - &5 *6 '
*
SLIDE 11

AUTOMOTIVE SECTOR -- FORD NORTH AMERICA
FIRST QUARTER KEY METRICS -- 2007 vs. 2006
Wholesales (000) Revenue (Bils.) Pre-Tax Profits (Mils.)*
867 $19.8
$18.2
723
$(442)
$(614)
2006 2007 2006 2007 2006 2007
2 <
B , ,2 # 5 *,(C 5 7 ,5 C
B , ,9 1 */ ( 7 /
*
SLIDE 12

AUTOMOTIVE SECTOR -- FORD NORTH AMERICA
2007 FIRST QUARTER AUTOMOTIVE PRE-TAX PROFITS
COMPARED WITH 2006*
(Bils.)
- ),.
- ),(
=4 % - ),.
> ),.
2 ,= , ),(
- &),0 '
- &),. ' 8 ! &),*'
4 ),5
- &),7 '
- &),(' - &), '
()) ())* $ = 8 ! 4
2 !
*
SLIDE 13

AUTOMOTIVE SECTOR -- FORD NORTH AMERICA
U.S. MARKET SHARE*
Fleet ())/
Retail 3 < 5. 57C
: < D F
17.2% 16.7%
15.1% 15.1%
6.4% 6.1% 4.1% 5.0%
10.8% 10.6% 11.0% 10.1%
: ; ; E : ;
()) ()) ()) ())*
: D 2
SLIDE 14

AUTOMOTIVE SECTOR -- FORD NORTH AMERICA
NEW PRODUCT INTRODUCTIONS
())* : ())* D 2 GH ())/ : 9
())* : ())/ : 9 ())/ : 3
())* D 2 GH ())/ : ())/ : 3 H
())* : ())/ 2 2 ())/ 2
())* D 8 ())/ : : ())/ 2 %
SLIDE 15

AUTOMOTIVE SECTOR -- FORD NORTH AMERICA
PERSONNEL LEVELS FROM YEAR-END 2005
\" 2 <
())/ B
. ( 7 )) 9 , 0 5 ())7
0 * 7 )) 0 ) )) (/ 7 ))
5 . )))
9 05 9 05 2 05 ())/
())7 ()) ())*
E & !E ' 2 <
/ 7 )) ** 6 )) ())/ B
6 ()) 7 7 ))) I ) ))) 9 , 0 5 ())7
(7 ))) I 0 ) )))
9 05 9 05 2 05 ())/
())7 ()) ())*
E !E
5 0 6 ))
5 5 5 )) / 6 )) ())/
+ =
9 05 9 05 2 05
())7 ()) ())*
+ SLIDE 16

AUTOMOTIVE SECTOR -- FORD NORTH AMERICA
ASSEMBLY CAPACITY
(Millions - Annualized)
2 1 ! ())/
3 2 ! ! B A
2 1 /.C
3 2 5 ))
4.8
4.1 4.1
3.6 3.4 3.6
3.2
3.0
: ; : ; : ; ())/
())7 ()) ())*
SLIDE 17

AUTOMOTIVE SECTOR -- FORD NORTH AMERICA
PLANNED OPERATING COST REDUCTIONS*
Costs B / (W) Than 2005 (Bils.)
8
$5.0
$1.9
$1.5
: J : ; , : J : J : J : J
()) ())* ())* ())/ ())6 ()5 )
!
! + KK KK KK KK K K
2
2 ! + K K K K KK KK
+ !
! ! K K
9 , K= K= K= K= K KK
> ! K K K K K K
K : B K= 8
SLIDE 18

AUTOMOTIVE SECTOR -- FORD SOUTH AMERICA
FIRST QUARTER KEY METRICS -- 2007 vs. 2006
Wholesales (000) Revenue (Bils.) Pre-Tax Profits (Mils.)*
/7 /. - 5 ,0
- 5 ,(
-50*
-550
2006 2007 2006 2007 2006 2007
2 <
2 # 5 (,)C 5 5 ,0 C
*
())* # L #
SLIDE 19

AUTOMOTIVE SECTOR -- FORD EUROPE
FIRST QUARTER KEY METRICS -- 2007 vs. 2006
Wholesales (000) Revenue (Bils.) Pre-Tax Profits (Mils.)*
500 $8.6
460
$6.8
$219
$65
2006 2007 2006 2007 2006 2007
2 <
2 # / ,/ C 6 ,5 C
*
())* # : 56 L #
SLIDE 20

AUTOMOTIVE SECTOR -- P.A.G.
FIRST QUARTER KEY METRICS -- 2007 vs. 2006
Wholesales (000) Revenue (Bils.) Pre-Tax Profits (Mils.)*
196 $8.4
184
$7.1
$402
$152
2006 2007 2006 2007 2006 2007
2 < 2 #
B, , 5 ,5 C 5 ,)C
(,0 (,.
*
())* # , , , 56 L #
SLIDE 21

AUTOMOTIVE SECTOR -- EUROPEAN OPERATIONS
NEW PRODUCT INTRODUCTIONS
Ford Mondeo Volvo V70 Land Rover
Freelander 2 / LR2
, , ,
: 8
2 $ $ *) = H !*) $ $ *) = H !*)
!2 H $ !0 ) $ /)
M HG+ $ !0 )
D + : ( M HG+
D + D+ (
SLIDE 22

AUTOMOTIVE SECTOR -- FORD ASIA PACIFIC AND AFRICA / MAZDA
2007 FIRST QUARTER PRE-TAX PROFITS*
(Mils.)
- ((
- &. '
- &( '
2 A
=2 A ,4
2 <
% = &> ' ()) - &7 5 ' - &(/ ' - &(0 '
*
SLIDE 23

AUTOMOTIVE SECTOR -- FORD ASIA PACIFIC AND AFRICA
FIRST QUARTER KEY METRICS -- 2007 vs. 2006
Wholesales (000) Revenue (Bils.) Pre-Tax Profits (Mils.)*
135
126
$1.8
$1.7 $2
$(26)
2006 2007 2006 2007 2006 2007
2 <
2 # (,0 C (,5 C
*
())* # F L #
SLIDE 24

AUTOMOTIVE SECTOR
2007 FIRST QUARTER CASH* :
;
&% ,'
! 8 2 # D 3 $ %
2 0 5 ())* - 0 7 ,(
9 0 5 ()) 0 0 ,6
! ! - 5 ,0
4 + ! : F
3 - &),('
! &5 ,0 '
9 A 5 ,/
! + 1 3 ),/
4 3 9 )
3 4 + ! : F - 5 ,5
4 ! !
! 1 M % # = &5 ,('
! &),6 '
8 $ % ! ),.
3 + 3 (,)
9 )
4 &),5 '
3 ! ! - 5 ,0
*
SLIDE 25

FINANCIAL SERVICES SECTOR
2007 FIRST QUARTER PRE-TAX PROFIT / (LOSS) BY
SEGMENT*
(Mils.)
$294 $294
$0
3 : ! 4
2 <
% = &> ' ()) - &/ 5 ' - &/ / ' -*
SLIDE 26

FINANCIAL SERVICES SECTOR
2007 FIRST QUARTER FORD CREDIT PRE-TAX PROFIT
COMPARED WITH 2006
(Bils.)
$(0.1)
$0.4
$0.3 $0.3
$(0.4)
$0 $0 $0
$(0.2) $(0.2)
()) ())* $ : ! D 4 : 500
2 D +
2 <
, : 500 - ),* - ),0
SLIDE 27

AUTOMOTIVE SECTOR
2007 PLANNING ASSUMPTIONS AND
OPERATIONAL METRICS
: J
: ; 4 #
1 $ & +' B , , &2 ,' 5 ,/ 5 *,) 5 ,/
&2 ,' 5 *, 5 *,/ 5 *,/
4 2
; 1 4 3 # 4 3 #
2 #
B, , D F D F 4 3 #
4 + E E 4 3 #
! D F - 7 )) 2 D F 4 3 #
4 + ! : F 8 - 5 ,5 % 4 3 #
! -*% - 5 ,0 % 4 3 #
SLIDE 28

AUTOMOTIVE SECTOR
2007 SECOND QUARTER PRODUCTION VOLUMES
First Quarter Second Quarter
Actual Forecast
O / (U) O / (U)
Units 2006 Units 2006
(000) (000) (000) (000)
North America 740 (136) 810 (87)
Europe 523 32 510 47
P.A.G. 213 18 195 11
SLIDE 29

TOTAL COMPANY
2007 OUTLOOK 2 < ())*
()) 4 #
&% ,'
8 - & ,)' D
),
),.
, , , &),0 '
&),(' D
2 A 4 ),( 4
4 - &7 ,0 ' 1 3 #
4 & 1 ' ),( D >
3 - &7 ,5 ' >
: (,)
3 + , 1 - &0 ,5 ' >
3 ),. D
3 + , 1 - &(,*' >
1 & 3 ' &6 ,6 ' D
8 + - &5 (, ' 1
SLIDE 30

TOTAL COMPANY
KEY PRIORITIES / OVERVIEW
• Although first quarter results are encouraging, we have a
long way to go to turn around the business
• We have made progress toward executing our four
priorities
• We remain committed to our plan and priorities
– Restructure the company; be profitable at lower volume
and changed mix
– Accelerate product development and reduce
manufacturing complexity
– Secure financing – accomplished
– Teamwork
SLIDE 31

SAFE HARBOR
O F # PF D +
5667, : F # #
F <
! #
!
# & # ' F #
B
B F F
D F # F
!
!
# F L
\" #
> # :
D
\"
> & , , '
3 F F
1 & , , !4 (' & , , ' =
B F
\" F F \"
&N # N'
F
&F F
F '
1 : ! A # F F
F
E
1 # # :
!
!
D F
8 F = ,
> F # F
L F A , 1 F L , 4 F # #
F # F # F F
F , SLIDE 32

APPENDIX

TOTAL COMPANY
CALCULATION OF EARNINGS PER SHARE
: ; ())*
! ,4 ,
8 ,
1 1
8 &2 ,' &2 ,'
3 - &(/ (' - &5 *5 '
1 1
) )
1 - &(/ (' - &5 *5 '
9
5 /6( 5 /6(
8 # ) )
! ) )
! ) )
5 /6( 5 /6(
- &),5 7 ' - &),)6 '
Appendix 1 of 13

TOTAL COMPANY
2007 FIRST QUARTER EFFECTIVE TAX RATE
! 4
1 1 1
%3 3 3 + %3 3 3 +
&2 ,' &2 ,' & ,' &2 ,' &2 ,' & ,'
%3 - 6 - &. . '
D < B &*/ ' &*/ '
L %3 - &6 ' - 0 0 7 ,)C - &5 ((' - .0 0 7 ,)C
4 3 ! =4 * * ,5 * ,)
4 3 % $ F - 5) 5 5 5 ,5 C - 7) . 5 ,)C
9 3 $ F &5 6 (' 8 &(0 (' &5 6 ),('
3 - &5 / (' 8 - &5 / (' &5 . 6 ,('C
Appendix 2 of 13

TOTAL COMPANY
2006 – 2007 FIRST QUARTER PRE-TAX RESULTS*
3 3
&1 , 1 ' 1 & , 1 '
()) ())* ()) ())* ()) ())*
&2 ,' &2 ,' &2 ,' &2 ,' &2 ,' &2 ,'
8 - &( 6 5 ' - &*)0 ' - &( 7 5 6 ' - &/ 6 ' - &. . (' -& 5.'
5./ 550 55 ) 50* 550
3 - &( / 5 0 ' - &7 6 )' - &( 7 )/ ' - &/ 6 ' - &0 )7 ' - &7 )5 '
- 7 - ()/ - &6 ' - &5 5 ' - 7 - (5 6
, , , 5.6 065 &0 ' &5 5 ' 57( . )(
3 = , , , - ()7 - 766 - &5 (' - &((' - (5 * - (5
- ( - &(/ ' - ) - &(' - ( - &( '
2 A @ ,4 .7 (( ) ) .7 ((
3 =2 A - .* - & ' - ) - &(' - .* - &. '
4 , - &( 7 5 ' - 0 - &( 7 ()' - &5 5 0 ' - &. 5 ' - 55
4 ,& 1 ' &5 (' &0 . 5 ' ) ) &5 (' &0 . 5 '
3 - &( *(0 ' - &0 0 / ' - &( 7 ()' - &5 5 0 ' - &()0 ' - &((7 '
: 0 *7 (6 . ) ) 0 *7 (6 .
3 ! - &( 0 . / ' - &. . ' - &( 7 ()' - &5 5 0 ' - 5 *( - 6
:
Appendix 3 of 13

TOTAL COMPANY
FIRST QUARTER EMPLOYMENT DATA BY
BUSINESS UNIT*
9 ,05 2 05
()) ())*
&)))' &)))'
8 5 (/ 55)
50 50
3 5.5 5 (0
, , .7 .7
3 = , , , 555 555
5/ 5/
3 4 , (*) (7 (
: 50 5(
3 ! (/ 0 ( .
3
& F '
Appendix 4 of 13

AUTOMOTIVE SECTOR
2007 FIRST QUARTER AUTOMOTIVE SUMMARY
> + 3
()) ())* ()) ())* ()) ())*
&)))' &)))' &2 ,' &2 ,' &2 ,' &2 ,'
8 / * *(0 - 5 6 *7 * - 5 / (5 / - &. . (' -& 5.'
/7 /. 5 5 ( 5 (/ 0 50* 550
3 67( / )* - () 6 5 6 - 5 6 7 )5 - &0 )7 ' - &7 )5 '
. ) 7 )) - **. - / 0( - 7 - (5 6
, , , 5/. 56 * 5 (7 / 060 57( . )(
3 = , , , .. 6 -50 /66 - 5 * )(7 - (5 * - (5
507 5( - 5 *(6 - 5 * / - ( - &( '
2 A ,4 (7 (5 .5. 00 .7 ((
3 =2 A 5 ) 5.* - (5.0 - ( 5 ). - .* - &. '
4 , 5 *7 5 7) -0 6 5 -0/ 0) - &. 5 ' - 55
4 ,& 1 ' &5 (' &0 . 5 '
3 5 *7 5 7) -0 6 5 -0/ 0) - &()0 ' - &((7 '
*
1 F : ! 2
0 / ))) 0 7 ))) ())* ()) , O+ P
1 1 & 1'< F 2 A
: ? 2 A ? 1? 2 A
Appendix 5 of 13

AUTOMOTIVE SECTOR
2007 FIRST QUARTER MARKET RESULTS
First Quarter
B / (W)
U.S. Absolute 2006
Industry SAAR (Mils.) 17.0 (0.4)
Market Share (Pct.)
- Ford and Lincoln Mercury 15.1% (2.1) Pts.
- P.A.G. 1.0 (0.1)
Total U.S. Market Share 16.1% (2.2) Pts.
Europe
Industry SAAR (Mils.) 17.8 0.2
Market Share (Pct.)*
- Ford 9.1% 0.3 Pts.
- P.A.G. 2.4 0.1
Total Europe Market Share 11.5% 0.4 Pts.
Other Regions
Ford Brand Market Share (Pct.)
- South America** 11.3% (0.7) Pts.
- Asia Pacific and Africa*** 2.1 (0.2)
# : , , , 56 L #
# L #
# F L #
Appendix 6 of 13

AUTOMOTIVE SECTOR
COSTS AND EXPENSES
: ;
())*
% = &> '
()) ())* ())
&2 ,' &2 ,' &2 ,'
3 ! -06 05 - 0 / */ 6 - /.(
! 1 <
9 A
9 - 5 5/* - 6 )) - (/ *
A 3 /5/ / *. &7 '
+ - 5 .7 - 7* - *6 6
Appendix 7 of 13

AUTOMOTIVE SECTOR
GROSS CASH RECONCILIATION TO GAAP
2 0 5 ())*
9 ,05 2 05 % = &> '
()) ())* 9 , 0 5 ())
&% ,' &% ,' &% ,'
! ! \" - 5 ,) - 5 7 ,* - &),0 '
2 # 5 5 ,0 5 ,/ 7 ,7
D 7 ,0 ),* &. , '
3 ! =2 # , D - 0 (, - 0 0 ,( - ),
1 3 &),7 ' &),(' ),0
3 $ % 5 ,/ (,( ),.
! - 0 0 ,6 - 0 7 ,( - 5 ,0
Appendix 8 of 13

AUTOMOTIVE SECTOR
GAAP RECONCILIATION OF
OPERATING-RELATED CASH FLOWS
: ; ())*
4 = &B '
: ;
())
&% ,' &% ,'
! : F 4 ! 4 - 5 ,7 - (,5
1 1 4 + ! : F
– ! &5 ,0 ' ),7
– 8 3 % F
: &),7 ' &),0 '
1 8 1 4 + ! : F
– ! 1 M % # % @ 5 ,( ),/
– 8 & '= 3 ),/ &),7 '
– ! ),6 ),
– $ % ! : F I8 + % ) )
– 3 + 3 &(,)' &(,)'
– 4 ),7 ),
4 + ! : F - 5 ,5 - 5 ,/
Appendix 9 of 13

FINANCIAL SERVICES SECTOR
FORD CREDIT RESULTS AND METRICS –
2007 FIRST QUARTER
Pre-Tax Profits (Mils.) Key Metrics*
: ;
()) ())*
$(88) + &% ,'
4 % -50( -50
A 4 % 5* 55
2 -5.6 -5.*
$382 ! 4 &2 ,'
4 % -555 - 5 )*
2 50 5 (7
$294 D + +
4 % ),0 . C ),0 (C
2
B , ,+ D ),7 * ),7 )
> F 3 ),0 * ),0 .
F , ! D
> F &% ,' - 5 ,. - 5 ,)
,4 4 + 5 ,)/ C ),* C
D &3 5 '
: 5 5 ,. 5 5 ,0
2 5 5 ,6 5 5 ,(
9 &% ,' - ),0 - )
First Qtr. First Qtr.
2006 2007
8 1 &2 ,' - (. / -560
+4 / ,7 C ,7 C Appendix 10 of 13

FORD CREDIT KEY METRIC DEFINITIONS
1 : ! ? :
! F F
F , 1 A
F <
2 + : ! ? : !
A
+ : ! F
&, , F : ! # '
! 2 + F : ! ?
F : !
A
1 4 % A & F '
: ! Q A
\" , 3
A
: ! : ! Q , 9 : ! Q
A
A
Appendix 11 of 13

FINANCIAL SERVICES SECTOR
FORD CREDIT RATIO DEFINITIONS
1 : ! ? :
! F F
F <
!
D + + =
+
D <
3 9
: D =
\"
+
1
A A ! ! : $
4 % 4 % \" @ E ,
2 # L
3 9 + + - + - - 3 9
2 D =
\" + 2 - : $
1 E ,
L
\"
* # A
Appendix 12 of 13

FINANCIAL SERVICES SECTOR
FORD CREDIT RECONCILIATIONS OF MANAGED
LEVERAGE TO FINANCIAL STATEMENT LEVERAGE
2 05 2 05
()) ())*
D ! &% ,' &% ,'
3 9 - 5 0 ),* - 5 0 . ,6
A 4 % + 4 5 *,) 5 5 ,5
+ 1 A 4 % + &5 ,. ' &),6 '
L ! ! \"
2 # &5 7 ,6 ' &5 7 , '
: $ E L &),. ' &),('
3 L 9 - 5 0 ),) - 5 (6 ,0
3 # ? \" & , ' - 5 5 ,7 - 5 5 ,6
: $ E L &),7 ' &),. '
3 L \" - 5 5 ,) - 5 5 ,7
2 D & 5' 5 5 ,6 5 5 ,(
: D & 5' 5 5 ,. 5 5 ,0
1 - . *, - 7 *,6 2 0 5 ()) 2 0 5 ())* #
: !
- *)) # 2 0 5 ())* - *))
A : ! ?
Appendix 13 of 13