-----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, HSouwprRPGNDgOf62P0oSKqAquxw3OG/SqAP5ykfeHBpAV0mC1hZtm+bbRqas5f7 bm1+xnEizbYFu060oRxhRA== 0000037996-06-000063.txt : 20060818 0000037996-06-000063.hdr.sgml : 20060818 20060818120015 ACCESSION NUMBER: 0000037996-06-000063 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060818 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060818 DATE AS OF CHANGE: 20060818 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03950 FILM NUMBER: 061042747 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 8-K 1 cover8k081806.htm FMC FORM 8-K 08/18/2006 FMC Form 8-K 08/18/2006
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549




FORM 8-K


CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report: August 18, 2006
(Date of earliest event reported)


FORD MOTOR COMPANY
(Exact name of registrant as specified in its charter)


Delaware
(State or other jurisdiction of incorporation)



1-3950
38-0549190
(Commission File Number)
(IRS Employer Identification No.)
   
One American Road, Dearborn, Michigan
48126
(Address of principal executive offices)
(Zip Code)



Registrant's telephone number, including area code 313-322-3000


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 140.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




 
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Item 8.01. Other Events.
 
Ford Motor Company ("Ford") hereby incorporates by reference its news release dated August 18, 2006, which is herewith furnished as Exhibit 99.


Item 9.01. Financial Statements and Exhibits.


EXHIBITS



Designation
Description
Method of Filing
     
Exhibit 99
News Release dated
Furnished with this Report
 
August 18, 2006
 













SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

   
FORD MOTOR COMPANY
   
(Registrant)
     
Date: August 18, 2006
By:
 /s/Kathryn S. Lamping
   
Kathryn S. Lamping
   
Assistant Secretary





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EXHIBIT INDEX



Designation
Description
   
Exhibit 99
News Release dated August 18, 2006

EX-99 2 ex99.htm EXHIBIT 99 Exhibit 99

Ford

NEWS

Contact:
Oscar Suris
313.594.1106
osuris@ford.com
Media:
George Pipas
313.323.9216
gpipas@ford.com
Raj Modi
1.313.323.8221
fordir@ford.com
Fixed Income
Investment Community:
Rob Moeller
1.313.621.0881
fixedinc@ford.com
1.800.555.5259 or
1.313.845.8540
stockinf@ford.com

FOR IMMEDIATE RELEASE

AS PART OF ACCELERATED ‘WAY FORWARD’ TURNAROUND

 
·  21 percent fourth-quarter reduction is part of aggressive realignment of North American production - laying the
 groundwork for Ford’s accelerated Way Forward turnaround.
 
·  Bill Ford: “We know this decision will have a dramatic impact on our employees, as well as our suppliers. This is,
 however, the right call for our customers, our dealers and our long-term future.”
 
·  Further actions aimed at accelerating Ford’s turnaround will be announced in September.
 
 
 

The company said it is reducing North American fourth-quarter production by 21 percent - or 168,000 units - compared with the fourth quarter a year ago. The revised plan also reduces the company’s previously announced third-quarter plan by 20,000 units.

Bill Ford, the company’s chairman and CEO, outlined the decision to cut production in a note to employees, explaining the decision is part of broader efforts to accelerate the company’s North American turnaround and saying full details of additional actions will be announced in September.

“We know this decision will have a dramatic impact on our employees, as well as our suppliers,” Bill Ford told employees. “This is, however, the right call for our customers, our dealers and our long-term future.”
 
 

 
2
 
For full-year 2006, Ford now plans to produce 3.048 million vehicles at its North American assembly plants - 1.134 million cars and 1.914 million trucks - a 9 percent reduction from 2005.

The revised production plan is expected to sharply reduce the supply of several models and reduce pressure on sales incentives and dealer inventory carrying costs. The plan also reflects expectations for lower industry sales of light trucks and truck-based sport utility vehicles, as high gasoline prices are expected to continue to encourage demand for more fuel-efficient passenger cars and crossovers.

Mark Fields, executive vice president and Ford’s president of The Americas, said the “tough-but-important” reduction in production plans underscores the seriousness with which the company is approaching its North American turnaround.

“We are basing our business plans on the customer, and we are determined to match production and inventories with consumer demand,” Fields said. “In doing so, we'll reduce incentive spending and inventory carrying costs for our dealers - with the intent to improve residual values for our customers and stabilize operating patterns for our plants and our suppliers.”

The revised 2006 production plan is summarized in the table below:


   
2006 Production
     
Over/(Under) 2005
 
   
Cars
 
Trucks
 
Total
     
Cars
 
Trucks
 
Total
 
   
(000)
 
(000)
 
(000)
     
(000)
 
(000)
 
(000)
 
                                             
First Quarter
   
316
   
560
   
876
         
52
   
(84
)
 
(32
)
Second Quarter
   
328
   
569
   
897
         
34
   
(42
)
 
(8
)
Third Quarter
   
255
   
395
   
650
*   
 
   
45
   
(123
)
 
(78
)
Fourth Quarter
   
235
   
390
   
625
         
(13
)
 
(155
)
 
(168
)
                                             
Full Year
   
1,134
   
1,914
   
3,048
         
118
   
(404
)
 
(286
)
                                             

*The previously announced third-quarter plan was 670,000 vehicles (255,000 cars and 415,000 trucks).
 

 

Go to http://media.ford.com for news releases and high-resolution photographs.


 
3

The new production plan will result in downtime at several assembly plants between now and the end of the year, including: St. Thomas, Ontario (Ford Crown Victoria and Mercury Grand Marquis), Chicago (Ford Five Hundred and Freestyle and Mercury Montego), Wixom, Mich. (Lincoln Town Car), Louisville, Ky. (Ford Explorer and Mercury Mountaineer), Michigan Truck in Wayne, Mich. (Ford Expedition and Lincoln Navigator), Twin Cities, Minn. (Ford Ranger) and all F-Series truck plants (Kansas City, Mo.; Norfolk, Va., Dearborn and Kentucky Truck in Louisville).

The following plants are expected to operate on straight time or overtime based on consumer demand: Hermosillo, Mexico (Ford Fusion, Mercury Milan and Lincoln MKZ), AutoAlliance International in Flat Rock, Mich. (Ford Mustang), Oakville, Ontario (Ford Edge, Lincoln MKX and Ford Freestar), Wayne, Mich. (Ford Focus), Kansas City, Mo. (Ford Escape and Mercury Mariner), Ohio Assembly in Avon Lake, Ohio (Ford Econoline) and Atlanta (Ford Taurus).

Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures and distributes automobiles in 200 markets across six continents. With about 300,000 employees and more than 100 plants worldwide, the company’s core and affiliated automotive brands include Aston Martin, Ford, Jaguar, Land Rover, Lincoln, Mazda, Mercury and Volvo. Its automotive-related services include Ford Motor Credit Company.

# # #

Aug. 18, 2006
 
 
 
 

Go to http://media.ford.com for news releases and high-resolution photographs.
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