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National Press Release

Ford Statement on Transformation Plan

Published 2009-06-11 15:03
By Ford Motor Company

DEARBORN, Mich., June 11 /PRNewswire-FirstCall/ -- Ford President and CEO Alan Mulally today commented that, as part of Ford's transformation plan, the company remains committed to improving the balance sheet and reducing debt. The company, however, has no current plans to issue additional equity. Mr. Mulally's comments were intended to reflect the company's ongoing and long-term transformation plan, which remains centered on:

    --  Aggressively restructure to operate profitably at the current demand and
        changing model mix
    --  Accelerate the development of new products that customers want and value
    --  Finance the plan and improve the balance sheet
    --  Work together effectively as one team, leveraging Ford's global
        assets

SOURCE Ford Motor Company



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