-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QQz701ABP3DAF0+bFSdSXppSv1sd6+54bEn0sRytCQRPakScmisLrplJl/qQdY6n OT+cZ8danxOdy2MOsdzwzA== /in/edgar/work/20000628/0000037996-00-000059/0000037996-00-000059.txt : 20000920 0000037996-00-000059.hdr.sgml : 20000920 ACCESSION NUMBER: 0000037996-00-000059 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991231 FILED AS OF DATE: 20000628 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FORD MOTOR CO CENTRAL INDEX KEY: 0000037996 STANDARD INDUSTRIAL CLASSIFICATION: [3711 ] IRS NUMBER: 380549190 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: SEC FILE NUMBER: 001-03950 FILM NUMBER: 663773 BUSINESS ADDRESS: STREET 1: THE AMERICAN RD CITY: DEARBORN STATE: MI ZIP: 48121 BUSINESS PHONE: 3133223000 11-K 1 0001.txt PRIMUS 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 [NO FEE REQUIRED] For the fiscal year ended December 31, 1999 OR TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES _____ EXCHANGE ACT OF 1934 [NO FEE REQUIRED] Commission file number 1-3950 PRIMUS AUTOMOTIVE FINANCIAL SERVICES, INC. PRIME ACCOUNT (Full title of the plan) FORD MOTOR COMPANY One American Road Dearborn, Michigan 48126 (Name of issuer of the securities held pursuant to the plan and the address of its principal executive office) Required Information - -------------------- Financial Statements - -------------------- Statement of Net Assets Available for Plan Benefits as of June 1, 1999 and December 31, 1998. Statement of Changes in Net Assets Available for Plan Benefits for the Five Months Ended Year Ended June 1, 1999. Schedule I - Schedule of Assets Held for Investment Purposes as of June 1, 1999. Schedule II - Reportable Transactions for the Five Months Ended June 1, 1999. Exhibit - ------- Designation Description Method of Filing - ----------- ----------- ---------------- Exhibit 23 Consent of PricewaterhouseCoopers LLP Filed with this Report. Signature --------- Pursuant to the requirements of the Securities Exchange Act of 1934, the Primus Automotive Financial Services, Inc. Prime Account Committee has duly caused this Annual Report to be signed by the undersigned thereunto duly authorized. PRIMUS AUTOMOTIVE FINANCIAL SERVICES, INC. PRIME ACCOUNT COMMITTEE By: /s/Thomas E. Hoppes -------------------------------- Thomas E. Hoppes, Chairman Primus Automotive Financial Services, Inc. Prime Account Committee June 28, 2000 EXHIBIT INDEX ------------- Sequential Page Number Designation Description at Which Found - ----------- ----------- -------------- Exhibit 23 Consent of PricewaterhouseCoopers LLP PRIMUS Automotive Financial Services, Inc. Prime Account 401(k) Tax-Deferred Savings Plan Report on Audits of Financial Statements and Supplemental Schedules For the Five Months Ended June 1, 1999 and the Year Ended December 31, 1998 PRIMUS Automotive Financial Services, Inc. Prime Account 401(k) Tax-Deferred Savings Plan Contents - ------------------------------------------------------------------------------- Page(s) Report of Independent Accountants.............................................1 Financial Statements Statements of Net Assets Available for Plan Benefits as of June 1, 1999 and December 31, 1998........................................2 Statement of Changes in Net Assets Available for Plan Benefits for the Five Months Ended June 1, 1999.....................................3-5 Notes to Financial Statements..............................................6-10 Supplemental Schedules Item 27a - Schedule of Assets Held for Investment Purposes as of June 1, 1999..........................................................11 Item 27d - Schedule of Reportable Transactions for the Five Months Ended June 1, 1999...................................................12 Report of Independent Accountants To the Boards of Directors of Ford Motor Company and PRIMUS Automotive Financial Services, Inc. In our opinion, the accompanying statements of net assets available for plan benefits and the related statement of changes in net assets available for plan benefits present fairly, in all material respects, the net assets available for plan benefits of the PRIMUS Prime Account 401(k) Tax-Deferred Savings Plan as of June 1, 1999 and December 31, 1998, and the changes in net assets available for plan benefits for the five months ended June 1, 1999, in conformity with accounting principles generally accepted in the United States. These financial statements are the responsibility of the Plan's management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with auditing standards generally accepted in the United States, which 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, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for the opinion expressed above. Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The additional information included in the Schedule of Assets Held for Investment Purposes and the Schedule of Reportable Transactions of the PRIMUS Prime Account 401(k) Tax-Deferred Savings Plan as of June 1, 1999 are presented for purposes of additional analysis and are not a required part of the basic financial statements, but is additional information required by the Employee Retirement Income Security Act of 1974 ("ERISA"). These supplemental schedules and fund information have been subjected to the auditing procedures applied in the audit 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. As explained in footnote 5 of the financial statements, on June 1, 1999, the Plan was merged into the Ford Savings and Stock Investment Plan for Salaried Employees ("SSIP"). At that time, the Plan assets were transferred to the SSIP, and the employees of the Company became employees of Ford Motor Credit Company, a subsidiary of Ford, and began participating in the SSIP subject to its terms. June 16, 2000 1 PRIMUS Automotive Financial Services, Inc. Prime Account 401(k) Tax-Deferred Savings Plan Statements of Net Assets Available for Plan Benefits As of June 1, 1999 and December 31, 1998 - -------------------------------------------------------------------------------
June 1, December 31, 1999 1998 Assets Investments, at fair value $ - $ 24,419,506 Participant loans receivable - 1,031,978 --------- ------------ Net assets available for plan benefits $ - $ 25,451,484 --------- ------------
The accompanying notes are an integral part of the financial statements. 2 PRIMUS Automotive Financial Services, Inc. Prime Account 401(k) Tax-Deferred Savings Plan Statement of Changes in Net Assets Available for Plan Benefits For the Five Months Ended June 1, 1999 - -------------------------------------------------------------------------------
Participant-directed ----------------------------------------------------------------------------------------------- Retirement Government Growth U.S. Ford Money Intermediate and Equity Stock Market Bond Income Puritan Index Fund Portfolio Fund Portfolio Fund Portfolio Subtotal Additions Employee contributions $ 259,142 $ 80,125 $ 44,339 $ 159,843 $ 39,100 $ 145,367 $ 727,916 Employer contributions 133,349 (172,261) 22,777 84,055 20,991 74,228 163,139 Rollover contributions 63,903 9,252 1,069 38,925 16,009 16,777 145,935 Interest and dividend income 58,444 33,850 25,464 3,519 3,662 - 124,939 Net appreciation (depreciation) in fair value of investments (123,749) - (27,812) 25,942 3,473 295,433 173,287 Loans, interest repayments 7,678 1,869 800 2,711 489 3,391 16,938 Loans, principal repayments 35,674 10,382 6,480 15,617 2,486 16,032 86,671 Exchanges in (out) 994,901 (268,854) (359,588) (7,936) (21,371) (228,709) 108,443 Total additions 1,429,342 (305,637) (286,471) 322,676 64,839 322,519 1,547,268 Deductions Distributions 76,190 17,977 24,330 66,324 16,032 94,933 295,786 Loans to participants 72,156 16,981 8,091 24,711 7,738 44,571 174,248 Forfeitures 6,564 (50,466) 1,311 10,500 1,699 2,727 (27,665) Transfers out 4,501,401 1,670,789 964,616 1,915,728 473,917 4,798,639 14,325,090 Total deductions 4,656,311 1,655,281 998,348 2,017,263 499,386 4,940,870 14,767,459 Net deductions (3,226,969) (1,960,918) (1,284,819) (1,694,587) (434,547) (4,618,351) (13,220,191) Net assets available for plan benefits, beginning of year 3,226,969 1,960,918 1,284,819 1,694,587 434,547 4,618,351 13,220,191 Net assets available for plan benefits, June 1, 1999 $ - $ - $ - $ - $ - $ - $ -
The accompanying notes are an integral part of the financial statements. 3 PRIMUS Automotive Financial Services, Inc. Prime Account 401(k) Tax-Deferred Savings Plan Statement of Changes in Net Assets Available for Plan Benefits (continued) For the Five Months Ended June 1, 1999 - -------------------------------------------------------------------------------
Participant-Directed ----------------------------------------------------------------------------------------------- Blue Chip Growth International Growth Company Magellan OTC Growth and Fund Contrafund Fund Fund Portfolio Income Fund Subtotal Additions Employee contributions $ 169,573 $ 115,550 $ 88,084 $ 254,542 $ 65,155 $ 19,578 $ 712,482 Employer contributions 89,858 57,761 44,191 139,462 32,824 9,878 373,974 Rollover contributions 58,749 33,001 11,950 116,911 1,639 7,846 230,096 Interest and dividend income - 14,047 10,142 300,914 - - 325,103 Net appreciation (depreciation) in fair value of investments 45,306 67,417 97,855 13,996 117,536 4,204 346,314 Loans, interest repayments 3,378 1,979 1,296 8,451 1,990 329 17,423 Loans, principal repayments 18,972 11,118 5,851 44,046 13,603 2,281 95,871 Exchanges in (out) (35,008) 8,067 19,814 81,562 (93,061) (30,874) (49,500) Total additions 350,828 308,940 279,183 959,884 139,686 13,242 2,051,763 Deductions Distributions 39,252 37,917 31,661 110,863 15,089 4,053 238,835 Loans to participants 31,869 17,520 14,639 76,991 9,382 4,239 154,640 Forfeitures 6,532 4,675 2,363 7,609 2,024 382 23,585 Transfers out 2,147,063 1,701,369 1,414,473 5,398,979 1,088,187 192,129 11,942,200 Total deductions 2,224,716 1,761,481 1,463,136 5,594,442 1,114,682 200,803 12,359,260 Net deductions (1,873,888) (1,452,541) (1,183,953) (4,634,558) (974,996) (187,561) (10,307,497) Net assets available for plan benefits, beginning of year 1,873,888 1,452,541 1,183,953 4,634,558 974,996 187,561 10,307,497 Net assets available for plan benefits, June 1, 1999 $ - $ - $ - $ - $ - $ - $ -
The accompanying notes are an integral part of the financial statements. 4 PRIMUS Automotive Financial Services, Inc. Prime Account 401(k) Tax-Deferred Savings Plan Statement of Changes in Net Assets Available for Plan Benefits (continued) For the Five Months Ended June 1, 1999 - -------------------------------------------------------------------------------
Participant-Directed ----------------------------------------------------------------------------------------------- Asset Asset Cash/ Overseas Asset Manager Manager Loan Fund Manager Growth Income Fund Subtotal Total Additions Employee contributions $ 28,736 $ 19,624 $ 27,038 $ 7,628 $ - $ 83,026 $1,523,424 Employer contributions 13,732 11,152 14,056 5,751 44,691 581,804 Rollover contributions 10,108 24,532 8,385 - 43,025 419,056 Interest and dividend income - 1,815 - 1,481 3,296 453,338 Net appreciation (depreciation) in fair value of investments 9,286 2,449 8,096 (345) 19,486 539,087 Loans, interest repayments 444 324 1,346 338 2,452 36,813 Loans, principal repayments 2,751 3,727 3,590 2,098 (194,706) (182,540) 2 Exchanges in (out) (14,958) (17,144) (24,694) (2,146) - (58,942) 1 Total additions 50,099 46,479 37,817 14,805 (194,706) (45,506) 3,553,525 Deductions Distributions 4,841 7,886 13,774 4,218 8,816 39,535 574,156 Loans to participants 7,186 2,580 3,783 395 (342,832) (328,888) - Forfeitures 841 728 1,935 575 - 4,079 (1) Transfers out 388,689 245,738 261,474 96,375 1,171,288 2,163,564 28,430,854 Total deductions 401,557 256,932 280,966 101,563 837,272 1,878,290 29,005,009 Net deductions (351,458) (210,453) (243,149) (86,758) (1,031,978) (1,923,796) (25,451,484) Net assets available for plan benefits, beginning of year 351,458 210,453 243,149 86,758 1,031,978 1,923,796 25,451,484 Net assets available for plan benefits, June 1, 1999 $ - $ - $ - $ - $ - $ - $ -
The accompanying notes are an integral part of the financial statements. 5 PRIMUS Automotive Financial Services, Inc. Prime Account 401(k) Tax-Deferred Savings Plan Notes to Financial Statements - ------------------------------------------------------------------------------- 1. Description of the Plan The Plan became effective April 1, 1992. The following description of the PRIMUS Automotive Financial Services, Inc. (the "Company") Prime Account 401(k) Tax-Deferred Savings Plan (the "Plan") provides only general information. Participants should refer to the plan agreement for a more comprehensive description of the Plan's provisions. General The Plan is a defined contribution plan established to encourage and facilitate systematic savings and investment by eligible employees and to provide them with an opportunity to become stockholders of Ford Motor Company ("Ford"). It is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA"). All full-time employees who are at least 21 years of age are eligible to participate in the discretionary portion of the Plan. Participation in the Plan is voluntary. Contributions Under the Plan and subject to limits required to be imposed by the Internal Revenue Code, participants may elect to contribute up to 11% of their pre-tax earnings, not to exceed 25% of annual earnings including overtime and bonuses. The Company, at its discretion, may match at the rate of 100% of the first 2% and 50% of the next 4% of the participants' pre-tax contributions. Participant accounts Each participant's account is credited with the participant's contribution and allocations of the Company's contribution and Plan earnings. Plan administrative expenses are paid primarily by the Company. Allocations are based on the participant's earnings or account balances, as defined. Forfeited balances of terminated participants' nonvested accounts are used to reduce future Company contributions. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account. Vesting Participants are vested in their contributions plus actual earnings thereon. Vesting in the Company's matching and discretionary contribution portion of their account plus actual earnings thereon is based on continuous service. The Company's matching contributions are vested 20%, 50% and 100% for one, two and three years of service, respectively. A participant becomes fully vested in Company matching contributions automatically upon retirement due to disability, upon death or upon termination of the Plan. Investment options Participant contributions are invested in accordance with the participant's election in any of sixteen investment funds. These investment options as of June 1, 1999 are as follows: Ford Stock Fund - The Fund consists of shares of the common stock, $1.00 par value, of Ford and a portion in short-term investments. The value of the fund primarily rises or falls depending upon the stock's performance in the market. Ford stock is subject to economic factors, the stock market in general and factors affecting Ford in particular. 6 PRIMUS Automotive Financial Services, Inc. Prime Account 401(k) Tax-Deferred Savings Plan Notes to Financial Statements - ------------------------------------------------------------------------------- 1. Description of the Plan (continued) Fidelity Retirement Government Money Market Portfolio - A money market mutual fund with a goal to preserve capital, maintain price and provide current income. Fidelity Intermediate Bond Fund - This is an income mutual fund with a goal to provide high current income. It invests in U. S. and foreign bonds. Select bonds are considered medium to high quality with an average maturity of 3-10 years. Fidelity Growth and Income Portfolio - This fund is a growth and income mutual fund with a goal to provide a high total return from a combination of current income and capital growth. It invests primarily in U. S. and foreign stocks that pay current dividends and show potential earnings growth. It may also invest in some bonds. Fidelity Puritan Fund - This fund is a growth and income mutual fund with a goal to provide income while preserving investment. It invests in a wide variety of U. S. and foreign securities. It includes all types of bonds of any quality as well as common and preferred stock. Fidelity U. S. Equity Index Portfolio - This fund is a growth and income mutual fund with a goal to duplicate the composition and return of the Standard and Poor's composite index of 500 stocks. It invests primarily in the 500 companies that make up the S&P 500. Fidelity Blue Chip Growth Fund - This fund is a growth mutual fund with a goal to increase the value of the investment over the long-term through capital growth. It invests primarily in common stocks of well-known, established companies. Fidelity Contrafund - This fund is a growth mutual fund with a goal to increase the value of investment over the long-term through capital growth. It invests primarily in equity securities of companies whose value is not fully recognized by the public. Fidelity Growth Company Fund - This fund is a growth mutual fund with a goal to increase the value of the investment over the long term through capital growth. It invests primarily in stocks of companies with earnings or gross sales that indicate the potential for above average growth. Fidelity Magellan Fund - This fund is a growth mutual fund with a goal to increase the value of investment over the long-term through capital growth. It invests primarily in common stocks of small, medium and large foreign and U. S. companies with investments that are broadly diversified across many different kinds of companies and industries. Fidelity OTC Portfolio - This fund is a growth mutual fund with a goal to increase the value of the investment over the long term through capital appreciation. It invests primarily in stocks traded in the "over-the-counter" ("OTC") market, but may also include preferred stocks, debt securities, and other types of investments. 7 PRIMUS Automotive Financial Services, Inc. Prime Account 401(k) Tax-Deferred Savings Plan Notes to Financial Statements - ------------------------------------------------------------------------------- 1. Description of the Plan (continued) Fidelity International Growth and Income Fund - This fund is a growth and income mutual fund that invests internationally with a goal to increase the value of investment over the long term through capital growth while also providing current income. It invests primarily in stocks that the fund manager feels have growth possibilities. It will keep at least 25% of assets invested in bonds for income. Investments may be made in assets in one country but will generally be spread in investments across at least six different countries. Fidelity Overseas Fund - This fund is a growth mutual fund that invests internationally with a goal to increase the value of the investment over the long term through capital growth. It invests primarily in stocks and bonds of companies whose principal business activities are outside the U.S. Fidelity Asset Manager - This fund is an asset allocation mutual fund with a goal to provide high total return with reduced risk over the long term. It invests in stocks, bonds and short-term instruments of U. S. and foreign issuers including those in emerging markets. The manager of this fund may gradually shift assets from one type to another based on the current outlook of the various markets. Fidelity Asset Manager Growth - This fund is an asset allocation mutual fund with a goal to provide high total return. It invests in stocks, bonds and short term instruments of U. S. and foreign issuers. The manager of this fund may gradually shift assets from one type to another based on the current outlook of the various markets. Fidelity Asset Manager Income - This fund is an asset allocation mutual fund with a goal to provide high current income. It invests in stocks, bonds and short term instruments of U. S. and foreign issuers. The manager of the fund may gradually shift assets from one type to another based on the current outlook of the various markets. Participant loans Participants may borrow from their fund accounts a minimum of $1,000 and to a maximum of $50,000. Loan interest rates are set monthly but will not change during the term of the loan. Loan transactions are treated as a transfer to/from the investment fund from/to the Cash/Loan fund. The interest rate will be the prime rate as quoted in The Wall Street Journal. Payment of benefits Benefits are payable upon termination or upon normal retirement at age 65 in a cash lump-sum payment. 2. Summary of Significant Accounting Policies Basis of accounting The financial statements of the Plan are prepared under the accrual method of accounting. Investments The Plan allows its participants to direct their share of contributions and earnings to sixteen different investment mediums, which are held by Fidelity Investments and are stated at fair value as of June 1, 1999, as determined by quoted market prices. 8 PRIMUS Automotive Financial Services, Inc. Prime Account 401(k) Tax-Deferred Savings Plan Notes to Financial Statements - ------------------------------------------------------------------------------- 2. Summary of Significant Accounting Policies (continued) Investments (continued) Purchases and sales of securities are recorded on a trade-date basis. Gains and losses on sales of securities are based on average cost. Dividend income is recorded on the ex-dividend date and interest income is recorded on the accrual basis. The Plan presents in the statements of changes in net assets available for plan benefits the net appreciation (depreciation) in the fair value of its investments which consist of the realized gains or losses and the unrealized appreciation (depreciation) on those investments. Payment of benefits Benefits are recorded when paid. Contributions Contributions from employees and the Company are recorded in the period that payroll deductions are made from Plan participants. Use of 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 the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Risks and uncertainties The Plan provides for various investment options in any combination of either equity or fixed income investment securities. Investment securities are exposed to various risks, such as interest rate, market and credit. Due to the level of risk associated with certain investment securities and the level of uncertainty related to changes in the value of investment securities, it is at least reasonably possible that changes in risks in the near term would materially affect participants' account balances and the amounts reported in the statement of net assets available for benefits and the statement of changes in net assets available for benefits. 3. Transactions with Parties-in-Interest Certain administrative expenses pertaining to the operation of the Plan are paid by the Company. In addition, various administrative, legal and accounting services are performed on behalf of the Plan, and no charges are made to the Plan for these services. Purchases and sales of Ford stock are routinely made by the Plan trustee in accordance with the provisions of the Plan or at the request of certain participants. 4. Tax Status The Internal Revenue Service has determined and informed the Company by a letter dated November 20, 1995, that the Plan is in accordance with the applicable sections of the Internal Revenue Code. The Plan has been amended since receiving the determination letter. However, the Plan administrator believes the Plan is designed and is currently being operated in compliance with the applicable requirements of the Internal Revenue Code. Therefore, no provision for income taxes has been included in the Plan's financial statements. 9 PRIMUS Automotive Financial Services, Inc. Prime Account 401(k) Tax-Deferred Savings Plan Notes to Financial Statements - ------------------------------------------------------------------------------- 5. Plan Merger The Plan was merged into the Ford Savings and Stock Investment Plan for Salaried Employees ("SSIP") on June 1, 1999. At that time, the Plan assets were transferred to the SSIP, and the employees of the Company became employees of Ford Motor Credit Company, a subsidiary of Ford, and began participating in the SSIP subject to the terms of the SSIP. The existing SSIP, investment options, participant account balances, and vesting were unchanged with the Plan merger. 6. Subsequent Events During April 2000, the Board of Directors of Ford approved the Value Enhancement Plan. This plan allows Ford shareholders to exchange their current Ford common and Class B shares for new Ford common and Class B shares. In addition, shareholders will have the right to receive either $20 cash per share or the equivalent value in new Ford common shares or a combination of cash and new Ford shares. The total cash distribution will be limited to $10 billion. This action is subject to review by the Securities and Exchange Commission and shareholder approval. This plan is expected to be completed during the summer of 2000. In addition, during April 2000, the Board of Directors of Ford also approved an independence plan for Visteon Corporation whereby Ford will distribute its 100% interest in Visteon to Ford common and Class B shareholders. Shareholders will receive a distribution of Visteon stock on June 28, 2000 based on the number of Ford shares they own and the total number of Ford shares outstanding on June 12, 2000. The Board of Directors of Ford also declared a dividend in cash on shares of Ford's stock held in certain employee savings plans. This cash distribution will be equal, on a per share basis, to the value of the Visteon stock to be distributed to other shareholders. 10 PRIMUS Automotive Financial Services, Inc. Prime Account 401(k) Tax-Deferred Savings Plan Item 27a - Schedule of Assets Held for Investment Purposes as of June 1, 1999 - -------------------------------------------------------------------------------
(a) (b) (c) (d) (e) Identity of issuer Description of investment including maturity borrower, lessor date, rate of interest, collateral, par Current or similar party or maturity value Cost value * Ford Motor Company Ford Motor Company Common Stock, 0 units ^ $ - at $18.17 * Fidelity Retirement Government Money Market Portfolio, 0 units at $1.00 ^ - * Fidelity Intermediate Bond Fund, 0 units at $9.97 ^ - * Fidelity Growth and Income Portfolio, 0 units at $46.43 ^ - * Fidelity Puritan Fund, 0 units at $20.22 ^ - * Fidelity U.S. Equity Index Portfolio, 0 units at $36.82 ^ - * Fidelity Blue Chip Growth Fund, 0 units at $51.26 ^ - * Fidelity Contrafund, 0 units at $59.45 ^ - * Fidelity Growth Company Fund, 0 units at $54.90 ^ - * Fidelity Magellan Fund, 0 units at $121.07 ^ - * Fidelity OTC Portfolio, 0 units at $48.30 ^ - * Fidelity International Growth and Income Fund, 0 units at $21.62 ^ - * Fidelity Overseas Fund, 0 units at $37.24 ^ - * Fidelity Asset Manager, 0 units at $17.58 ^ - * Fidelity Asset Manager Growth, 0 units at $19.14 ^ - * Fidelity Asset Manager Income, 0 units $12.23 ^ - Participant loans Remaining maturity dates range from 1 month to 10 years, interest rates range from 6-9% ^ - ------------ $ - ------------
11 PRIMUS Automotive Financial Services, Inc. Prime Account 401(k) Tax-Deferred Savings Plan Item 27d - Schedule of Reportable Transactions For the Five Months Ended June 1, 1999 - -------------------------------------------------------------------------------
(a) (b) (c) (d) (e) (f) (g) (h) (I) Expenses Current value Identity of Purchase Selling Lease incurred with Cost of asset on Net gain party involved Description of asset price price rental transaction* of asset transaction date or(loss) Reporting Criterion I Any single transaction in excess of 5% of current value of plan assets. None Reporting Criterion II Any series of transactions in other than securities in excess of 5% of the current value of plan assets. None Reporting Criterion III Any series of transactions in securities in excess of 5% of current value of plan assets. None Reporting Criterion IV Any transaction within the plan year with respect to securities with or in conjunction with a person with whom any prior or subsequent single 5% security transactions within the plan year took place. None.
Note A - Transactions already reported under Criterion I are not reported here. *Information regarding expenses incurred with each transaction was not available from the Trustee. 12 EX-23 2 0002.txt EXHIBIT 23 Exhibit 23 Consent of Independent Accountants Ford Motor Company The American Road Dearborn, Michigan Re: Ford Motor Company Registration Statements No. 33-58861, 333-49551, and 333-47451 We consent to the incorporation by reference in the above Registration Statements of our report dated June 16, 2000 to the Board of Directors of Ford Motor Company and PRIMUS Automotive Financial Services, Inc. with respect to the financial statements of the PRIMUS Automotive Financial Services, Inc. Prime Account 401(k) Tax Deferred Savings Plan at June 1, 1999 and December 31, 1998, and for the five months ended June 1, 1999, which is included in this Annual Report on Form 11-K. 400 Renaissance Center Detroit, Michigan 48243 June 28, 2000 -----END PRIVACY-ENHANCED MESSAGE-----