CONFERENCE CALL DETAILS
Ford Motor Company [NYSE: F] releases its preliminary third quarter 2009 financial results at 7 a.m. EST today. The following briefings will be conducted after the announcement:
At 9 a.m. EST, Alan Mulally, Ford president and chief executive officer, and Lewis Booth, Ford executive vice president and chief financial officer, will host a call for the investment community and news media to discuss third quarter results.
At 11 a.m. EST, Bob Shanks, Ford vice president and controller, Neil Schloss, Ford vice president and treasurer, and K.R. Kent, Ford Motor Credit Company vice chairman and chief financial officer, will host a conference call for fixed income analysts and investors.
The presentations (listen-only) and supporting materials will be available on the Internet at www.shareholder.ford.com. Representatives of the news media and the investment community participating by teleconference will have the opportunity to ask questions following the presentations.
Access Information - November 2, 2009
Earnings Call: 9 a.m. EST
Toll Free: 866-356-4123
International: 617-597-5393
Earnings Passcode: "Ford Earnings"
Fixed Income: 11 a.m. EST
Toll Free: 866-730-5766
International: 857-350-1590
Fixed Income Passcode: 70059906 (Please note the new password)
Replays - Available after 2 p.m. the day of the event through Nov. 9
Toll Free: 888-286-8010
International: 617-801-6888
Passcodes:
Earnings: 29481628
Fixed Income: 55865600
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 200,000 employees and about 90 plants worldwide, the company's brands include Ford, Lincoln, Mercury and Volvo. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford's products, please visit www.ford.com.
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+ The financial results discussed herein are presented on a preliminary basis; final data will be included in Ford's Quarterly Report on Form 10-Q for the quarter ended September 30, 2009. "Net income" and "Net loss" herein refer to "Net income/(loss) attributable to Ford" on our Statement of Operations, reflecting new presentation required by new accounting standards. 2008 results have been adjusted for the effect of new accounting standards, and for the reclassification of certain Financial Services sector revenue items. Discussion of overall Automotive cost changes, including structural cost changes (e.g., manufacturing and engineering, pension/OPEB, overhead, etc.), is at constant exchange and excludes special items and discontinued operations. In addition, costs that vary directly with production volume, such as material, freight, and warranty costs, are measured at constant volume and mix. See tables following the "Safe Harbor/Risk Factors" for the nature and amount of special items, and reconciliation of items designated as "excluding special items" to U.S. generally accepted accounting principles ("GAAP").
++ See the tables following "Safe Harbor/Risk Factors" for reconciliation of Automotive gross cash and operating-related cash flow to GAAP.
+++ Excluding special items and "Income/(Loss) attributable to non-controlling interests." See tables following "Safe Harbor/Risk Factors" for the nature and amount of these special items and reconciliation to GAAP.
Safe Harbor/Risk Factors
Statements included herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on expectations, forecasts, and assumptions by our management and involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those stated, including, without limitation:
-- Continued or worsening financial crisis;
-- Further declines in industry sales volume, particularly in the United
States or Europe, due to financial crisis, deepening recessions,
geo-political events, or other factors;
-- Decline in market share;
-- Continued or increased price competition resulting from industry
overcapacity, currency fluctuations, or other factors;
-- A further increase in or acceleration of market shift away from sales of
trucks, SUVs, or other more profitable vehicles, particularly in the
United States;
-- A return to elevated gasoline prices, as well as the potential for
volatile prices or reduced availability;
-- Lower-than-anticipated market acceptance of new or existing products;
-- Fluctuations in foreign currency exchange rates, commodity prices, and
interest rates;
-- Adverse effects from the bankruptcy, insolvency, or government-funded
restructuring of, change in ownership or control of, or alliances
entered into by a major competitor;
-- Restriction on use of tax attributes from tax law "ownership change";
-- Economic distress of suppliers that may require us to provide financial
support or take other measures to ensure supplies of components or
materials and could increase our costs, affect our liquidity, or cause
production disruptions;
-- Single-source supply of components or materials;
-- Labor or other constraints on our ability to restructure our business;
-- Work stoppages at Ford or supplier facilities or other interruptions of
supplies;
-- Pension and postretirement health care and life insurance liabilities
impairing our liquidity or financial condition;
-- Inability to implement the Retiree Health Care Settlement Agreement
regarding UAW hourly retiree health care;
-- Worse-than-assumed economic and demographic experience for our
postretirement benefit plans (e.g., discount rates or investment
returns);
-- Discovery of defects in vehicles resulting in delays in new model
launches, recall campaigns or increased warranty costs;
-- Increased safety, emissions, fuel economy, or other regulation resulting
in higher costs, cash expenditures, or sales restrictions;
-- Unusual or significant litigation or governmental investigations arising
out of alleged defects in our products or otherwise;
-- A change in our requirements for parts or materials subject to long-term
supply arrangements that commit us to purchase minimum or fixed
quantities of parts or materials, or to pay a minimum amount to the
seller ("take-or-pay" contracts);
-- Adverse effects on our results from a decrease in or cessation of
government incentives;
-- Adverse effects on our operations resulting from certain geo-political
or other events;
-- Substantial negative Automotive operating-related cash flows for the
near- to medium-term affecting our ability to meet our obligations,
invest in our business, or refinance our debt;
-- Substantial levels of Automotive indebtedness adversely affecting our
financial condition or preventing us from fulfilling our debt
obligations (which may grow because we are able to incur substantially
more debt, including secured debt);
-- Failure of financial institutions to fulfill commitments under committed
credit facilities;
-- Ford Credit's need for substantial liquidity to finance its business;
-- Inability of Ford Credit to obtain competitive funding;
-- Inability of Ford Credit to access debt, securitization, or derivative
markets around the world at competitive rates or in sufficient amounts
due to additional credit rating downgrades, market volatility, market
disruption, or other factors;
-- A prolonged disruption of the debt and securitization markets;
-- Higher-than-expected credit losses;
-- Increased competition from banks or other financial institutions seeking
to increase their share of financing Ford vehicles;
-- Collection and servicing problems related to finance receivables and net
investment in operating leases;
-- Lower-than-anticipated residual values or higher-than-expected return
volumes for leased vehicles;
-- New or increased credit, consumer, data protection, or other regulation
resulting in greater costs or financing restrictions;
-- Inability to implement our plans to further reduce structural costs and
increase liquidity.
