-----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, HzoLa82wlCcLq42vN34rQkNjNrKK/Ggd3LcE7ec+w4xnURFicCMXDJHM1U4r+L6C hAcWQUbNepJmPBXIitdA0w== 0000037996-04-000186.txt : 20040628 0000037996-04-000186.hdr.sgml : 20040628 20040628163523 ACCESSION NUMBER: 0000037996-04-000186 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031230 FILED AS OF DATE: 20040628 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FORD MOTOR CO CENTRAL INDEX KEY: 0000037996 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] IRS NUMBER: 380549190 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03950 FILM NUMBER: 04885313 BUSINESS ADDRESS: STREET 1: ONE AMERICAN ROAD CITY: DEARBORN STATE: MI ZIP: 48126 BUSINESS PHONE: 3133223000 MAIL ADDRESS: STREET 1: ONE AMERICAN RD CITY: DEARBORN STATE: MI ZIP: 48126 11-K 1 essip.txt 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 [NO FEE REQUIRED] - ----- For the fiscal year ended December 30, 2003 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 MOTOR COMPANY SAVINGS AND STOCK INVESTMENT PLAN FOR SALARIED EMPLOYEES (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) 2 Required Information - -------------------- Financial Statements and Schedules - ---------------------------------- Statement of Net Assets Available for Benefits, as of December 30, 2003 and December 30, 2002. Statement of Changes in Net Assets Available for Benefits for the year ended December 30, 2003. Schedule I - Schedule of Assets Held at End of Year as of December 30, 2003. 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 Ford Motor Company Savings and Stock Investment Plan for Salaried Employees Committee has duly caused this Annual Report to be signed by the undersigned thereunto duly authorized. SAVINGS AND STOCK INVESTMENT PLAN FOR SALARIED EMPLOYEES By: /s/Charles E. Corbett ------------------------------ Charles E. Corbett, Chair Savings and Stock Investment Plan for Salaried Employees Committee June 28, 2004 3 EXHIBIT INDEX ------------- Designation Description - ----------- ----------- Exhibit 23 Consent of PricewaterhouseCoopers LLP Ford Motor Company Savings and Stock Investment Plan for Salaried Employees Financial Statements and Supplemental Schedules December 30, 2003 and 2002 Ford Motor Company Savings and Stock Investment Plan for Salaried Employees Index December 30, 2003 and 2002 - -------------------------------------------------------------------------------- Page(s) Report of Independent Registered Public Accounting Firm........................1 Financial Statements Statement of Net Assets Available for Benefits as of December 30, 2003 and 2002.....................................................2 Statement of Changes in Net Assets Available for Benefits for the Year Ended December 30, 2003..................................3 Notes to Financial Statements...............................................4-10 Supplemental Schedule* Schedule I - Schedule of Assets Held at End of Year as of December 30, 2003..........................................................11-14 * All other schedules required by 29 CFR 2520.103-10 are not included because they are not applicable. Report of Independent Registered Public Accounting Firm To the Participants and Administrator of The Ford Motor Company Savings and Stock Investment Plan for Salaried Employees In our opinion, the accompanying statements of net assets available for benefits and the related statement of changes in net assets available for benefits present fairly, in all material respects, the net assets available for benefits of Ford Motor Company Savings and Stock Investment Plan for Salaried Employees (the "Plan") at December 30, 2003 and 2002, and the changes in net assets available for benefits for the year ended December 30, 2003 in conformity with accounting principles generally accepted in the United States of America. 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 the standards of the Public Company Accounting Oversight Board (United States). Those standards 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 our opinion. Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of Assets Held at End of Year as of December 30, 2003 is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is 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. This supplemental schedule is the responsibility of the Plan's management. The supplemental schedule has been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole. /s/PricewaterhouseCoopers LLP Detroit, Michigan June 16, 2004 1 Ford Motor Company Savings and Stock Investment Plan for Salaried Employees Statement of Net Assets Available for Benefits December 30, 2003 and 2002 - --------------------------------------------------------------------------------
2003 2002 Assets Investments, at fair value (including participant loans of $90,380,091 and $108,745,496, respectively) $10,088,634,513 7,664,285,720 ----------------- ----------------- Total assets 10,088,634,513 7,664,285,720 ----------------- ----------------- Assets available for benefits $10,088,634,513 $ 7,664,285,720 ----------------- -----------------
The accompanying notes are an integral part of these financial statements. 2 Ford Motor Company Savings and Stock Investment Plan for Salaried Employees Statement of Changes in Net Assets Available for Benefits Year Ended December 30, 2003 - -------------------------------------------------------------------------------- Additions Interest and dividend income $ 253,504,348 -------------------- 253,504,348 Contributions Employee contributions 299,696,477 -------------------- 299,696,477 Net appreciation in fair value of investments 2,433,802,684 Other additions Loan repayment interest 8,072,485 -------------------- 8,072,485 -------------------- Total additions 2,995,075,994 -------------------- Deductions Withdrawal of participants' accounts (549,182,428) Administrative expense (1,017,564) Ford Stock dividend payments to participants (20,527,209) -------------------- Total deductions (570,727,201) -------------------- Net increase 2,424,348,793 -------------------- Net assets available for benefits Beginning of year 7,664,285,720 -------------------- End of year $10,088,634,513 -------------------- The accompanying notes are an integral part of these financial statements. 3 Ford Motor Company Savings and Stock Investment Plan for Salaried Employees Notes to Financial Statements December 30, 2003 and 2002 - -------------------------------------------------------------------------------- 1. Description of the Plan The following description of the Ford Motor Company Savings and Stock Investment Plan for Salaried Employees (the "Plan") provides only general information. The Plan was established effective February 1, 1956. The provisions of the Plan are governed in all respects by the detailed terms and conditions contained in the Plan agreement. 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 of Ford Motor Company (the "Company") and to provide them with an opportunity to become stockholders of the Company. The Plan includes provisions for voting shares of Company stock. It is subject to certain provisions of the Employee Retirement Income Security Act of 1974 ("ERISA") applicable to defined contribution pension plans. Eligibility With certain exceptions, regular full-time salaried employees are eligible to participate in the Plan on the first day of the second month following the original date of hire. Any applicable Company matching contributions however, will be provided after twelve months of service. Certain other part-time and temporary employees also may be eligible to participate in the Plan. Participation in the Plan is voluntary. Contributions Participants can contribute to the Plan on both a pre-tax and after-tax basis. Under the Plan and subject to limits required by the Internal Revenue Code ("IRC"), participants may elect to contribute up to an aggregate 40% of their eligible wages on pre-tax and/or after-tax basis. Effective April 1, 2004, participants will be allowed to elect up to an aggregate of 50% of eligible wages to pre-tax and/or after-tax contributions. Participants may also elect to contribute a portion of their distributions under the Company's Performance Bonus Plan, Ford Financial (Annual) Variable Incentive Plan, and Flexible Compensation Account. A contribution in an amount corresponding to each election is made by the Company to the Plan on the participants' behalf. Subject to IRC limits, pre-tax contributions are excluded from the participants' federal and most state and local taxable income. Effective July 1, 2004, the Company will reinstate matching contributions at a rate of $.60 for each dollar contributed up to 5% of participants' base salary. Previously, the Company matched at a rate of $.60 for each dollar contributed up to 10% of participants' base salary. This match was suspended effective January 1, 2002. All Company matching contributions are invested in the Ford Stock Fund. Contributions to the Pre-Tax Program from the Performance Bonus Plan, Ford Financial (Annual) Variable Incentive Plan and the Flexible Compensation Account Program will not be eligible for the Company match. Subject to Ford Motor Company approval, participants may elect to roll over amounts from other qualifying plans or arrangements in accordance with the Internal Revenue Code. For the year ended December 30, 2003, transfers from other qualifying plans or arrangements amounted to $7,404,047, which are included in employee contributions in the Statements of Changes in Net Assets Available for Plan Benefits. 4 Ford Motor Company Savings and Stock Investment Plan for Salaried Employees Notes to Financial Statements December 30, 2003 and 2002 - -------------------------------------------------------------------------------- Activity for participants in the Ford Stock Fund who have elected to receive dividends paid in the form of cash instead of purchasing additional shares is reported in the Statement of Changes in Net Assets Available for Benefits. Participant Accounts Each participants's account is credited with the participants' contributions and allocations of (a) the Company's contribution and (b) plan earnings. The Company generally pays administrative expenses and fees of the Ford Stock Fund and the management fees of the Common Stock Index Fund and BGI U.S. Debt Index Fund, also known as the Bond Index Fund. All other miscellaneous fees and expenses are deducted from participant account fund assets. The fees charged to individual participant account fund assets totaled approximately $62,681 for the year ended December 30, 2003. Vesting and Distribution Pre-tax assets, after-tax assets and assets resulting from Company matching contributions (Ford Stock Fund) are accounted for separately. Company matching contributions vest three years after the original date of hire. At that time, all assets attributable to Company matching contributions held in participants' accounts become vested, and all future contributions vest when they are made. In-service withdrawals of vested Company match contributions are permissible for participants who are at least 59 1/2 years of age. Withdrawal of such contributions for participants less than 59-1/2 years of age is limited to those contributions that have been in the Plan for two years following the end of the year in which the contributions were made. Pre-tax assets may not be withdrawn by participants until the termination of their employment or until they reach 59-1/2 years of age, except in the case of personal financial hardship, death or permanent disability. Unmatched after-tax assets can be withdrawn at any time without restriction. Withdrawal of matched after-tax assets that have been in the Plan for less than two years will result in a suspension from making contributions to the Plan for a period of 12 months. Investment Options and Participation Participant contributions are invested in accordance with the participant's election in one or more investment options. A variety of investment options are available to plan participants such as equity and fixed income mutual funds, commingled institutional pools and Company stock. The Company match is invested only in the Ford Stock Fund. Participants may transfer vested Company matching contributions into other available investment options, subject to exchange restrictions imposed by the various investment options. Effective July 1, 2004, participants may transfer both vested and nonvested Company matching contributions. Investment Contracts with Insurance Companies There is no immediate recognition of investment gains and losses on the fixed income securities. Instead, the gain or loss is recognized over time by adjusting the interest rate credited to the fund under the contracts. 5 Ford Motor Company Savings and Stock Investment Plan for Salaried Employees Notes to Financial Statements December 30, 2003 and 2002 - -------------------------------------------------------------------------------- There were no reserves against contract value for credit risk of the contract issuer or otherwise during 2003. The average yield and crediting interest rate was approximately 5.33% for 2003. The crediting interest rate is based on a formula agreed upon with the issuer, but may not be less than 0%. Such interest rates are reviewed on an annual basis for resetting. Transfer of Assets The Plan permits the transfer of assets among investment options, subject to certain trading restrictions imposed on some of the investment options. Participant Loans The Plan permits loans to participants from both their pre-tax and after-tax Program accounts. Monthly loan interest rates are based on the prime rate published in The Wall Street Journal on the last business day of the prior month. A participant is eligible to take out one loan per calendar year, and to have only four loans outstanding at any one time. Regular loans may be for a minimum of one year, but not exceeding five years. Home loans may be for a minimum of one year, but not exceeding ten years. Participant loans are classified as investments in the Statement of Net Assets Available for Benefits. Loans that are considered to be in default by the Plan are reclassified as withdrawals. Forfeitures and Plan Administration Expenses The Plan permits the Company to use assets forfeited by participants to pay plan administrative expenses and, to the extent not used to pay such expenses, to reduce the Company's future contributions to the Plan. To the extent that forfeited assets are not available to pay certain administrative expenses, the Company pays such expenses directly. Administrative expenses paid by the Plan amounted to $1,017,564 for the year ended December 30, 2003. Related-Party Transactions Certain Plan investment options are mutual funds and other investment products managed by Fidelity Management and Research Company, which is a wholly owned subsidiary of Fidelity Management and Research Corporation. Fidelity Management Trust Company, also a wholly owned subsidiary of Fidelity Management and Research Company is the trustee as defined by the Plan. Fidelity Institutional Operations Company, Inc., also a wholly owned subsidiary of Fidelity Management and Research Company, is the administrator for the Plan. Fees paid to these entities for trustee, administrative and other fees qualify as related party transactions. Ford Motor Company paid trustee, administrative, and other fees of $2,069,915 for the Plan year ended December 30, 2003. 2. Summary of Significant Accounting Policies Basis of Accounting The financial statements of the Plan are prepared under the accrual method of accounting. 6 Ford Motor Company Savings and Stock Investment Plan for Salaried Employees Notes to Financial Statements December 30, 2003 and 2002 - -------------------------------------------------------------------------------- Investments The investment in the Ford Stock Fund and the investments in all other funds, except the Interest Income Fund, are valued on the basis of quoted year-end market prices. The Interest Income Fund is stated at contract value, which approximates fair value. Contract value represents contributions made under the contracts, plus interest at the annual contract rate, less withdrawals paid out to participants. Participant loans are valued at cost, which approximates fair value. The average S&P and Moody's credit quality ratings for the underlying investments of the Interest Income Fund were AA+ and Aa1, respectively. The Common Stock Index Fund and the U.S. Extended Market Index Fund are stated at the aggregate market value of the individual collective pools included in each respective fund. Purchases and sales of investments are reflected on a trade-date basis. The Plan presents in the Statement of Changes in Net Assets Available for Benefits the net appreciation (depreciation) in the fair value of its investments which consists of the Plan's realized gains or losses and the unrealized appreciation (depreciation) on those investments. Dividend income is recorded on the ex-dividend date. Income from other investments is recorded as earned on an accrual basis. Contributions Contributions to the Plan from participants and from the Company and participating subsidiaries (as defined in the Plan) are recorded in the period that payroll deductions are made from Plan participants. Payment of Benefits Benefits are recorded when paid. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 additions and deductions during the reporting period. Actual results could differ from those estimates. Risks and Uncertainties The Plan's invested assets ultimately consist of Company stock, equity and fixed income mutual funds, and commingled institutional pools. 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 could 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. 7 Ford Motor Company Savings and Stock Investment Plan for Salaried Employees Notes to Financial Statements December 30, 2003 and 2002 - -------------------------------------------------------------------------------- 3. Investments The following present investments that represent 5% or more of the Plan's net assets as of December 30:
2003 2002 ---------------------------------- ---------------------------------- Market Market Units Value Units Value Interest Income Fund 2,191,740,814 $ 2,114,591,537 1,938,991,508 $ 1,938,991,508 Ford Stock Fund* 729,746,710 4,196,043,580 748,602,179 2,605,135,581 Common Stock Index Fund 13,232,548 828,754,505 14,079,758 656,539,100
*$3,809,550,606 and $4,030,523,632 represents cost at December 30, 2003 and 2002, respectively. During 2003, the Plan's investments appreciated in value by $2,433,802,684 as follows: Mutual funds $ 521,279,264 Ford common stock 1,687,833,937 Common and commingled trust funds 224,689,483 ------------------- $2,433,802,684 ------------------- 4. The Ford Stock Fund The Ford Stock Fund is not a mutual fund or a registered investment company. It is an account that is managed for recordkeeping purposes comprised of Ford Motor Company common stock with a liquidity component to facilitate participant transactions. The Ford Stock Fund consists of assets from the following sources: employee contributions (including rollovers), employee loan repayments, exchanges into the fund from other investment options, employer matching contributions (vested and unvested), earnings and dividends. Only unvested employer matching contribution assets are non-participant directed. Employer matching contributions were suspended effective January 1, 2002. Beginning July 1, 2004, all assets (both vested and non-vested) will be participant-directed. Information about the net assets and the significant components of the changes in net assets relating to the Ford Stock Fund is as follows at December 30: 2003 2002 Net assets Ford Stock Fund $ 4,196,043,580 $ 2,605,135,581 8 Ford Motor Company Savings and Stock Investment Plan for Salaried Employees Notes to Financial Statements December 30, 2003 and 2002 - -------------------------------------------------------------------------------- Year Ended December 30, 2003 Changes in net assets Employee contributions $ 100,134,258 Interest and dividend income 107,450,854 Net appreciation 687,833,937 Withdrawal of participants' accounts (134,900,036) Net transfers between funds (155,763,060) Transfers out to other plans (20,602,430) Participant loan repayments 6,754,476 Matching contributions - -------------------- $ 1,590,907,999 -------------------- 5. Plan Amendment As of December 31, 2002, the Company amended the vesting period for matching contributions from five years to three years after the original date of hire. Effective July 1, 2004, participants may transfer both vested and nonvested Company matching contributions. 6. Tax Status The Internal Revenue Service ("IRS") has determined and informed the Company by letter dated July 8, 2003, that the Plan and the related trust are designed in accordance with applicable sections of the Internal Revenue Code (the "Code"). The Plan has since been amended through April 2, 2004. The Plan Sponsor and tax counsel believe that the Plan is currently designed and being operated in compliance with the Code. Therefore, no provision for income taxes has been included in the Plan's financial statements. 7. Administration of Plan Assets The Plan's assets are held by the Trustee of the Plan, Fidelity Management Trust Company. Company contributions are held and managed by the Trustee, which invests cash received, interest, and dividend income and makes distributions to participants. Certain administrative functions are performed by officers or employees of the Company or its subsidiaries. No such officer or employee receives compensation from the Plan. 9 Ford Motor Company Savings and Stock Investment Plan for Salaried Employees Notes to Financial Statements December 30, 2003 and 2002 - -------------------------------------------------------------------------------- 8. Plan Termination The Company, by action of the Board of Directors, may terminate the Plan at any time. Termination of the Plan would not affect the rights of a participant as to (a) the continuance of investment, distribution or withdrawal of the securities, cash and cash value of the Ford Stock Fund units 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. Upon termination of the Plan, participants would become fully vested. In the event of termination all loans would become due immediately upon such termination. There are currently no plans to terminate the Plan. 10 Ford Motor Company Savings and Stock Supplemental Schedule I Investment Plan for Salaried Employees Schedule of Assets Held at End of Year As of December 30, 2003 - --------------------------------------------------------------------------------
(a) (b) (c) (d) (e) Description of Investment Identity of Issuer, Including Maturity Date, Lessor, Borrower or Rate of Interest, Collateral, Similar Party Par or Maturity Value Cost** Current Value Cash and Cash Equivalents * Fidelity Investments Fidelity Institutional Money Market Portfolio - Class I Shares, $ 90,053,660 Investment Funds * Fidelity Investments Fidelity Magellan Fund, 2,739,775 units 267,237,606 * Fidelity Investments Fidelity Contrafund, 6,463,692 units 318,918,558 * Fidelity Investments Fidelity Equity-Income Fund, 1,811,744 units 89,916,874 * Fidelity Investments Fidelity Growth Company Fund, 5,256,106 units 263,593,703 * Fidelity Investments Fidelity Overseas Fund, 1,388,543 units 43,530,822 * Fidelity Investments Fidelity Real Estate Investment Portfolio Fund, 3,869,971 units 92,376,206 * Fidelity Investments Fidelity Capital Appreciation Fund, 3,624,518 units 88,873,166 * Fidelity Investments Fidelity Dividend Growth Fund, 8,452,301 units 230,325,206 * Fidelity Investments Fidelity Freedom Income Fund, 1,147,700 units 12,716,512 * Fidelity Investments Fidelity Freedom 2000 Fund, 939,637 units 11,059,533 * Fidelity Investments Fidelity Freedom 2010 Fund 4,921,129 units 64,023,884 * Fidelity Investments Fidelity Freedom 2020 Fund, 4,340,134 units 56,421,743 * Fidelity Investments Fidelity Freedom 2030 Fund, 1,909,444 units 24,689,115 * Fidelity Investments PIMCO Total Return Fund, 4,780,381 units 51,150,079 * Fidelity Investments Fidelity Freedom 2040 Fund, 767,681 units 5,795,994 * Fidelity Investments BGI EAFE Equity Index Fund, 1,146,819 units 10,424,589 * Fidelity Investments Domini Social Equity Fund, 177,200 units 4,832,237 * Fidelity Investments Morgan Stanley Institutional Global Value Equity A Fund, 1,081,303 units 17,073,778 11 (a) (b) (c) (d) (e) Description of Investment Identity of Issuer, Including Maturity Date, Lessor, Borrower or Rate of Interest, Collateral, Similar Party Par or Maturity Value Cost** Current Value Investment Funds (continued) * Fidelity Investments T. Rowe Price International Discovery Fund, 859,994 units 22,617,847 * Fidelity Investments T. Rowe Price High Yield Fund, 6,571,629 units 46,395,697 * Fidelity Investments INVESCO Dynamics Fund, 798,883 units 11,799,504 * Fidelity Investments Templeton Foreign Fund, 3,497,589 units 37,039,471 * Fidelity Investments Oakmark Select Fund, 5,986,867 183,018,532 * Fidelity Investments PIMCO Real Return Fund, 6,652,330 units 74,639,146 * Fidelity Investments Janus Aspen International Growth Portfolio, 674,821 units 15,507,382 * Fidelity Investments Janus Aspen Growth Portfolio, 360,079 units 6,906,309 * Fidelity Investments Vanguard Investment Index Plus Fund, 2,893,169 units 292,843,445 * Fidelity Investments Citizens Global Equity Fund, 64,082 units 1,014,423 * Fidelity Investments Royce Low-Price Stock Fund, 8,668,689 units 122,575,237 * Fidelity Investments Vanguard Explorer Fund, 1,374,920 units 84,516,356 * Fidelity Investments Neuberger Berman Genesis Fund, 2,784,799 units 99,305,926 * Fidelity Investments BGI U.S. Debt Index Fund E, 5,267,314 units 110,876,967 * Fidelity Investments Ford Stock Fund, 729,746,710 units 4,196,043,580 ------------- Total Investment Funds 6,958,059,427 12 (a) (b) (c) (d) (e) Description of Investment Identity of Issuer, Including Maturity Date, Lessor, Borrower or Rate of Interest, Collateral, Similar Party Par or Maturity Value Cost** Current Value Bank Collective Pools * Fidelity Investments Common Stock Index Fund, 13,232,548 units comprised of Comerica 500 Index Fund, 781,308 units 406,255,458 Comerica Foreign Equity Index Fund, 1,204,419 units 299,843,380 Comerica Completeness Investment Fund, 218,934 units 54,366,296 Comerica Small Cap Index Fund, 57,027 units 17,403,845 Comerica Medium Cap Index Fund, 81,123 units 38,288,458 ----------- Total 816,157,437 * Fidelity Investments U.S. Extended Market Index Fund, 1,754,201 units comprised of Comerica Completeness Investment Fund, 37,539 units 9,280,518 Comerica Small Cap Index Fund, 10,352 units 6,965,805 Comerica Medium Cap Index Fund, 14,761 units 3,146,038 ---------- Total 19,392,361 13 (a) (b) (c) (d) (e) Description of Investment Identity of Issuer, Including Maturity Date, Lessor, Borrower or Rate of Interest, Collateral, Similar Party Par or Maturity Value Cost** Current Value Other * Fidelity Investments Interest Income Fund, 2,191,740,814 units comprised of Asset-back securities (Maturity dates extending to 2043 and interest rates ranging from 1.390% to 7.850%) 445,142,559 Commercial mortgage-backed securities (Maturity dates extending to 2043 and intrerest rates ranging from 0.441% to 7.900%) 218,297,385 Corporate bonds and notes (Maturity dates extending to 2049 and interest rates ranging from 1.875% to 10.875%) 448,868,519 Government agency securities (Maturity dates extending to 2032 and interest rates ranging from 2.250% to 12.000%) 482,621,327 Mortgage-backed securities (Maturity dates extending to 2033 and interest rates ranging from 0.800% to 8.000%) 311,446,370 Municipal bonds and notes (Maturity dates extending to 2013 and interest rates ranging from 3.850% to 3.850%) 3,506,785 Treasury securities (Maturity dates extending to 2013 and interest rates ranging from 1.250% to 12.000%) 204,708,592 ------------- Total 2,114,591,537 Participant Loans * Participant Loans Participant loans, interest rates ranging from 4.0% to 9.5% with maturities at various times through 2013 90,380,091 ---------------- $ 10,088,634,513 ================
*Denotes party-in-interest ** Not required per Department of Labor 29 CFR 2520.103-10. 14 EX-23 2 essipex23.txt Exhibit 23 Consent of Independent Registered Public Accounting Firm Ford Motor Company One American Road Dearborn, Michigan Re: Ford Motor Company Registration Statement Nos. 33-64607, 33-54735, 33-54275, 33-50194, 33-36061, 33-14951, 2-95020, 333-28181, 333-49545, 333-58695, 333-47443, 333-86127, 333-37396, 333-38580, 333-40258, 333-61882, 333-72476, 333-101293 and 333-115339 We hereby consent to the incorporation by reference in the above Registration Statements on Form S-8 of Ford Motor Company of our report dated June 16, 2004 relating to the financial statements of the Ford Motor Company Savings and Stock Investment Plan for Salaried Employees at December 30, 2003 and 2002 and for the year ended December 30, 2003, which appears in this Form 11-K. /s/PricewaterhouseCoopers LLP Detroit, Michigan June 16, 2004 -----END PRIVACY-ENHANCED MESSAGE-----