-----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, PTtY2yAZ1exETlclHC2CZkxlou2CEaVxdMtfhgTtFEAgErayZN79Jo9D+lxBmP2H fEI1/+ak5bLNPxW3XFNZaw== 0000037996-06-000083.txt : 20061129 0000037996-06-000083.hdr.sgml : 20061129 20061129161848 ACCESSION NUMBER: 0000037996-06-000083 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20061129 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20061129 DATE AS OF CHANGE: 20061129 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: 061245618 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 cover8k112906.htm FMC FORM 8-K 11/29/2006 FMC Form 8-K 11/29/2006
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: November 29, 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.

Our news release dated November 29, 2006, filed as Exhibit 99 to this report, is incorporated by reference herein.


Item 9.01. Financial Statements and Exhibits.


EXHIBITS



Designation
Description
Method of Filing
     
Exhibit 99
News Release dated
Filed with this Report
 
November 29, 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: November 29, 2006
By:
/s/Kathryn S. Lamping
   
Kathryn S. Lamping
   
Assistant Secretary





- 3 -


EXHIBIT INDEX



Designation
Description
   
Exhibit 99
News Release dated November 29, 2006

EX-99 2 ex99.htm EXHIBIT 99 Exhibit 99
 
NEWS


Contact:
Marcey Evans
 
Raj Modi (Equity) 
 
1.800.555.5259 or
 
       
   
 
Rob Moeller (Fixed Income)
1.313. 621.0881
rmoeller@ford.com
   

FOR IMMEDIATE RELEASE
 
FORD'S HOURLY BUYOUT ACCEPTANCES REACH 38,000 THIS YEAR

DEARBORN, Mich., Nov. 29, 2006 - As part of a key objective of its North American turnaround plan, Ford Motor Company confirmed today that so far this year about 38,000 of its UAW-represented hourly workers have accepted package offerings for voluntary separations from the company.

This figure includes approximately 30,000 buyout offers preliminarily accepted during the recent system-wide open enrollment period that concluded this week for Ford hourly workers, including those at the company's Automotive Components Holdings (ACH) division. In addition, the figure includes about 8,000 acceptances received earlier in 2006 during targeted plant-by-plant buyout offerings to Ford and ACH employees. Of the 38,000 total acceptances, approximately 6,000 were by hourly employees at ACH. Ford began the year with about 83,000 UAW-represented employees.

The open enrollment period that began in October offered eight different voluntary buyout packages to all of Ford’s UAW-represented employees. The offers included traditional packages for retirement-eligible employees, as well as non-traditional packages for employees with at least one year of service. Just over half of the buyouts accepted during the recent open enrollment period were by employees who accepted one of the non-traditional packages, which provided
 
 
 

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

 
2
 
options such as lump sum payments, tuition reimbursements or scholarship funds for family members.

The acceptances are preliminary, as all buyout offers are voluntary and include an employee’s opportunity to rescind acceptance up until the time of their separation from the company. The employee reductions will contribute toward major objectives of the accelerated Way Forward plan for turning around the company's North American operations. On Sept. 15, Ford announced its intention to reduce its North American hourly workforce by 25,000 to 30,000 employees by the end of 2008, including attrition and excluding employment reductions at ACH.

"One of Ford's priorities, and a large cost component of our Way Forward plan for North America, is our ability to adjust manufacturing capacity with demand, while continuing to reduce operating costs and becoming more efficient," said Alan Mulally, Ford president and CEO. "While I know that in many cases decisions to leave the company were difficult for our employees, the acceptances received through this voluntary effort will help Ford to become more competitive.

"We'd also like to thank the UAW for working closely with us in developing packages that will help employees to move productively into a new phase of their lives. It is clear that we were successful in providing appropriate options; this, in turn, is helping the company to meet its cost objectives."

Hourly employees who accepted buyout packages during the recent enrollment period will begin to leave the company in January 2007 and through the course of the year until all separations are completed by Sept. 1, 2007.

"Ford and the UAW have addressed several important issues throughout the year, which have allowed the company to reduce costs and achieve efficiencies," Mulally said. "Though there is more work to be done, recent history demonstrates that together we can significantly improve Ford's business."
 
- # # #-
 

 

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

 
3
 
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or 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. For more information regarding Ford’s products, please visit www.fordvehicles.com.

 
 
 
 
 
 
 
 
 
 
 
 

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