-----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, P5zG1urfhaKOqCfgBpO5lzLTaZiJgJsNtCE/WomLpoSflsFi+H4KUUX4MlSalQNp Bf/u4auQgo4mD6Guvwrz7A== 0000037996-96-000020.txt : 19960627 0000037996-96-000020.hdr.sgml : 19960627 ACCESSION NUMBER: 0000037996-96-000020 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19951231 FILED AS OF DATE: 19960626 SROS: NYSE SROS: PSE 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: 96585932 BUSINESS ADDRESS: STREET 1: THE AMERICAN RD CITY: DEARBORN STATE: MI ZIP: 48121 BUSINESS PHONE: 3133223000 11-K 1 TESP 11-K 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 [FEE REQUIRED] For the fiscal year ended December 31, 1995 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 TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES (Full title of the plan) FORD MOTOR COMPANY The American Road Dearborn, Michigan 48121 (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 December 31, 1995 and 1994. Statement of Changes in Net Assets Available for Plan Benefits for the Year Ended December 31, 1995. Schedule I - Schedule of Assets Held for Investment Purposes as of December 31, 1995. Schedule II - Reportable Transactions for the Year Ended December 31, 1995. Exhibit ------- Designation Description Method of Filing - ----------- ----------- ---------------- Exhibit 23 Consent of Coopers Filed with this Report. & Lybrand L.L.P. Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees Committee has duly caused this Annual Report to be signed by the undersigned thereunto duly authorized. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES By: /s/J.B. Ferguson ------------------------------ J. B. Ferguson, Chairman Tax-Efficient Savings Plan for Hourly Employees Committee June 27, 1996 EXHIBIT INDEX Sequential Page Number Designation Description at Which Found - ----------- ---------- --------------- Exhibit 23 Consent of Coopers & Lybrand L.L.P. Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees Index of Financial Statements and Supplemental Schedules Pages Report of Independent Accountants 2 Financial Statements: Statement of Net Assets Available for Plan Benefits as of December 31, 1995 and 1994 3 Statement of Changes in Net Assets Available for Plan Benefits for the Year Ended December 31, 1995 4 Notes to Financial Statements 5-11 Supplemental Schedules: Schedule I - Item 27a - Schedule of Assets Held for InvestmentPurposes as of December 31, 1995 12-13 Schedule II - Item 27d - Reportable Transactions for the Year Ended December 31, 1995 14 Report of Independent Accountants To the Board of Directors of Ford Motor Company: We have audited the accompanying statements of net assets available for plan benefits of the Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees as of December 31, 1995 and 1994, and the related statement of changes in net assets available for plan benefits for the year ended December 31, 1995. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. 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. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 1995 and 1994, and the changes in net assets available for benefits for the year ended December 31, 1995, in conformity with generally accepted accounting principles. Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of the Ford Motor Tax-Efficient Savings Plan for Hourly Employees as of December 31, 1995, are presented for the purpose of additional analysis and are not a required part of the basic financial statements, but are 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. The supplemental schedules have been subjected to the auditing procedures applied in the audits 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. /s/COOPERS & LYBRAND L.L.P. Detroit, Michigan June 7, 1996 Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees Statement of Net Assets Available for Plan Benefits as of December 31, 1995 and 1994 December 31, ----------------------------- ASSETS 1995 1994 ---------- ------------ Contributions receivable - $ 15,423,942 Interest and dividends receivable - 1,021,596 Loan funds receivable $87,418,656 67,509,219 Deposits with insurance companies under group contracts 229,621,731 265,659,358 Investments at fair value 1,334,529,915 1,015,671,348 -------------- ------------- Total assets $1,651,570,302 $1,365,285,463 =============== ============== LIABILITIES AND PLAN EQUITY Loans payable - $ 1,335,000 Employee stock ownership plan loan payable - 12,494,977 Employee stock ownership plan interest payable - 68,839 --------------- -------------- Total liabilities - $ 13,898,816 =============== ============== Net assets available for benefits $1,651,570,302 $1,351,386,647 =============== ============== The accompanying notes are an integral part of the financial statements. 3 Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees Statement of Changes in Net Assets Available for Plan Benefits for the year ended December 31, 1995
Stable Ford Value Interest Common Stock Income Income Stock Income International Fund Fund Fund Fund Funds Funds -------------- ------------- -------------- -------------- ----------- --------- Interest and dividend income $ 35,983,083 $ 14,348,569 $14,284,053 $ 3,606,500 $ 412,812 $ 50,726 Net appreciation (depreciation) in fair value of investments 36,993,088 32,810,647 1,154,946 34,172 Loan repayment (principle) 141,655 36,914 14,195,452 30,799 4,062 1,710 Loan repayment (interest) 34,195 8,332 3,614,386 6,936 1,121 177 Employee contributions 126,677,548 28,724,253 23,314,768 30,287,090 5,121,658 92,459 Withdrawal of participants' accounts (26,450,785) (13,770,887) (13,871,737) (4,118,994) (160,710) (51) Net transfers between funds (8,968,328) (67,715,405) 48,540,410 (6,732,055) 587,145 2,618,148 Loan funds transferred (out) in (25,451,743) (3,178,391) (5,272,153) (516,738) (7,767) Interest expense (502,611) ----------- ------------ ---------- ----------- --------- -------- Net increase (decrease) in plan equity for the year 138,456,102 (38,368,224) 86,898,941 50,618,770 6,604,296 2,789,574 Net assets available for benefits, beginning of year 758,825,994 267,989,955 138,476,439 111,831,518 6,753,522 - ------------- ------------ ------------ ----------- ---------- ---------- Net assets available for benefits, end of year $897,282,096 $229,621,731 225,375,380 162,450,288 13,357,818 2,789,574 ============= ============ =========== =========== ========== ========= Growth Asset and Allocation Growth Income Loan Funds Funds Funds Fund Total --------------- ------------ ------------ ------------ ------------- ----------- Interest and dividend income $ 22,961 $ 1,431,778 $127,629 $ 70,268,111 Net appreciation (depreciation) in fair value of investments 13,752 (1,208,316) 103,521 69,901,810 Loan repayment (principle) 307 10,803 1,147 $ (14,422,849) - Loan repayment (interest) 113 1,213 466 3,666,939 Employee contributions 61,644 956,397 226,555 215,462,372 Withdrawal of participants' accounts (43) (1,842) (3,480) (234,437) (58,612,966) Net transfers between funds 1,330,387 23,756,219 6,492,459 91,020 - Loan funds transferred (out) in (1,712) (42,641) (4,558) 34,475,703 - Interest expense (502,611) ---------- ------------ --------- ------------- ----------- Net increase (decrease) in plan equity for the year 1,427,409 24,903,611 6,943,739 19,909,437 300,183,655 Net assets available for benefits, beginning of year - - - 67,509,219 1,351,386,647 ----------- ------------ ---------- ------------- ------------- Net assets available for benefits, end of year $ 1,427,409 $ 24,903,611 $6,943,739 $ 87,418,656 $1,651,570,302 =========== ============ ========== ============= ==============
The accompanying notes are an integral part of the financial statements. 4 Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees Notes to Financial Statements 1. Summary of Significant Accounting Policies: a. Investments: The investment in the Ford Stock Fund and the investments in all other funds except the Stable Value Income Fund are valued on the basis of established year-end market prices. Investments in the Stable Value Income Fund, primarily fixed rate insurance contracts, are at cost as required by statement of position 94-4 which approximates market. b. Contributions: Contributions to the Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees (the "Plan") from employees are recorded in the period that payroll deductions are made from plan participants. c. Use of Estimates in the Preparation of Financial Statements: 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. d. Other: Purchases and sales of securities are reflected on a trade-date basis. Gains and losses on sales of securities are determined using specific identification. Dividend income is recorded on the ex-dividend date. Income from other investments is recorded as earned. The Plan presents in the statement of changes in net assets available for plan benefits the appreciation (depreciation) in the fair value of its investments which consists of the realized gains or losses and the unrealized appreciation (depreciation) on those investments. The Ford Stock Fund, the Stable Value Income Fund, the Interest Income Fund and the Common Stock Fund, which each represent five percent or more of plan assets at December 31, 1995 are presented separately in the statement of changes in net assets available for plan benefits. Other funds, which each represent less than five percent of plan assets, are combined based on investment objective into the Income Funds, the International Funds, the Asset Allocation Funds, the Growth Funds and the Growth and Income Funds. Certain amounts in the previously issued 1994 financial statements have been reclassified to conform with the current year presentation. 5 Notes to Financial Statements, Continued 2. Description of the Plan: The Plan was established effective January 1, 1985. The following description of the Plan provides only general information. The provisions of the Plan are governed in all respects by the detailed terms and conditions contained in the Plan itself. Participants should refer to the plan agreement for a complete description of the Plan's provisions. a. Type and Purpose of the Plan: The Plan is a defined contributions plan established to encourage and facilitate systematic savings and investment by eligible hourly employees and to provide them with an opportunity to become stockholders of the Company. The Plan includes provisions for voting shares of Company Stock. b. Eligibility: Employees having at least three months of continuous service are eligible to participate in the Plan. Certain other part-time and temporary employees may also be eligible to participate in the Plan. Participation in the Plan is voluntary. c. Contributions: Under the Plan and subject to limits required to be imposed by the Internal Revenue Code, participants may elect a reduction in eligible wages up to 18 percent with a corresponding contribution in the same amount made to the Plan by the Company on their behalf. Such provisions also apply to distributions under the Company's Profit Sharing Plan. Such contributions are excluded from participants' taxable income. d. Transfer of Assets: The Plan permits the transfer of assets among investment elections, with certain restrictions related to transfers to/from the Stable Value Income Fund. e. Loans: The Plan permits loans to participants with certain restrictions related to loans from the Stable Value Income Fund. f. Investment Programs and Participation: Participant contributions are invested in accordance with the participant's election in one or more of several investment programs. The types of investment programs, and the number of participants in each program in December 1995, are as follows: Participants Ford Stock Fund 52,403 Stable Value Income Fund 46,817 Interest Income Fund 32,652 Common Stock Fund 20,432 Other 14,120 6 Notes to Financial Statements, Continued 2. Description of the Plan, continued: f. Investment Programs and Participation, continued: Participants may elect to contribute to an income fund with an insurance company or other organization. The insurance company or other organization agrees to repay the principal and a stipulated rate of interest over a specified time period. Contributions to the Stable Value Income Fund in 1995 were placed with John Hancock Mutual Life Insurance Company, at an annual effective interest rate of 8.07 percent. Contributions to the Stable Value Income Fund in 1994 were placed with the Prudential Insurance Company of America at an annual effective rate of 4.94 percent. Contributions to the Stable Value Income Fund in 1993 were placed with Lehman Government Securities, Inc. at an annual effective interest rate of 5.49 percent. Contributions to the Stable Value Income Fund in 1992 were placed with Prudential Insurance Company of America ("Prudential") at an annual effective interest rate of 7.03 percent. Effective June 30, 1995, assets in the Stable Value Income Fund for 1992 were transferred to other investment programs including the Stable Value Income Fund for 1995 based on participants' elections. The Stable Value Income Fund will no longer be an investment election beginning January 1, 1996. Investment details as of December 31, 1995 are set forth in the Supplemental Schedule Item 27a - Schedule of Assets Held for Investment Purposes. g. Distributions: Plan assets may not be withdrawn by participants until the termination of their employment or until they reach 59-1/2, except in the case of personal financial hardship. Participants may borrow from their accounts within the limits imposed by the Plan. Monthly loan interest rates are based on the prime rate published in The Wall Street Journal. 3. Employee Stock Ownership Plan: Effective January 1, 1989, the Company, by action of the Board of Directors, established within the Plan an Employee Stock Ownership Plan ("ESOP"). All shares of Company Stock in the Plan at any time including all shares allocated to participants' accounts and shares held in an ESOP suspense account (described below) are included in the ESOP, along with other assets attributable to post-1988 contributions to the Plan. 7 Notes to Financial Statements, Continued 3. Employee Stock Ownership Plan, continued: The Plan obtained loans from the Company to purchase shares of company stock for distribution quarterly. A loan totaling $23,212,616 was obtained in August 1993 from the Company. It was payable in 8 equal quarterly installments beginning September 1, 1993. In 1994, loans were obtained in April 1994, payable in 7 quarterly installments beginning June 1, 1994 and October 1994, payable in 5 quarterly installments beginning December 1, 1994, for $2,074,377.23 and $2,108,101.71, respectively. In 1995, loans were obtained in April 1995, payable in 3 equal quarterly installments beginning June 1, 1995 and October 1995 payable in one installment on December 1, 1995 for $2,022,214 and $509,096, respectively. All outstanding balances were paid as of December 31, 1995. The Company Stock shares are held in a suspense account within the Plan until quarterly loan payments are made. A percentage of shares equivalent to the percentage of principal and interest paid down by the quarterly payment are released for distribution when each quarterly payment is made. The trustee purchases additional shares to the extent that shares released from the suspense account are not adequate to satisfy the requirement for dividend shares allocated to participants' accounts. The Plan held 455,948 unallocated ESOP shares as of December 31, 1994. There were no unallocated ESOP shares as of December 31, 1995. Cash dividends earned on Company Stock held in the Plan generally are used to make quarterly loan payments. If cash is not available to make the full payment, the trust may sell shares held in the suspense account or the Company, at its option, may elect to make contributions to the Plan. If cash exceeds the loan payment amounts, the cash is used to reduce the Company's contribution for additional share requirements. The following highlights certain ESOP activity: 1995 1994 Loan Loan Activity Activity ---------- ---------- Cost of shares purchased with loan cash $2,531,297 $4,182,479 Shares purchased with loan cash 92,762 145,269 Loan principal paid 15,026,286 10,343,635 Loan interest paid and accrued 570,481 1,081,387 8 Notes to Financial Statements, Continued 4. Asset Value Per Fund Unit: The number of units, and the asset value per unit, in the Plan's investments at December 31, 1995 are as follows: Asset Number Value of Units Per Unit ------------- ------------- Stable Value Income Funds 229,621,731 $ 1.00 Interest Income Fund 225,375,380 1.00 T. Rowe Price Spectrum Growth Fund 11,066 13.49 Scudder International Fund 3,460 43.72 Vanguard Life Strategy Conservative Fund 304 11.68 T. Rowe Price Spectrum Income Fund 11,123 11.24 Scudder International Bond Fund 1,107 11.46 Vanguard Life Strategy Moderate Fund 10,577 12.11 T. Rowe Price New Horizons Fund 66,190 20.50 Scudder Global Fund 1,688 27.01 Vanguard Life Strategy Growth Fund 17,492 12.36 T. Rowe Price International Stock Fund 38,655 12.23 T. Rowe Price International Discovery Fund 2,359 17.25 Vanguard Index Trust 500 Fund 34,514 57.60 T. Rowe Price International Discovery Fund 1,655 14.36 Scudder Income Fund 12,467 13.61 Vanguard Index Trust Value Fund 10,954 14.80 T. Rowe Price New Asia Fund 46,770 8.22 Scudder Growth and Income Fund 10,534 20.23 Vanguard Index Trust Growth Fund 17,750 13.97 T. Rowe Price High Yield Fund 18,774 8.19 Scudder Greater Europe Growth Fund 8,928 13.97 Vanguard Explorer Fund 3,839 49.95 T. Rowe Price New Era Fund 2,246 22.65 Scudder Japan Fund 16,870 9.44 Vanguard Trustees International Fund 2,387 31.11 T. Rowe Price Latin America Fund 21,779 5.81 Bond Fund 1,005,167 12.34 Ford Stock Fund 95,751,163 9.37 Common Stock Fund 4,955,774 32.78 Fidelity Fund 11,593 22.61 Fidelity Puritan Fund 43,849 17.01 Fidelity Trend Fund 4,296 52.48 Fidelity Magellan Fund 115,980 85.98 Fidelity Contra Fund 153,419 38.02 Fidelity Equity Income Fund 19,938 37.93 Fidelity Growth Company 63,342 36.29 9 Notes to Financial Statements, Continued 4. Asset Value Per Fund Unit, continued: Asset Number Value of Units Per Unit ------------- ----------- Fidelity Investment Grade Bond Fund 33,170 $ 7.38 Fidelity Growth and Income Portfolio 80,210 27.05 Fidelity Value Fund 20,395 49.64 Fidelity Government Securities Fund 18,027 10.17 Fidelity Retirement Growth Fund 48,846 18.19 Fidelity Overseas Fund 18,559 29.07 Fidelity Europe Fund 4,857 22.82 Fidelity Pacific Basin Fund 11,386 15.20 Fidelity Real Estate Investment Portfolio 4,802 13.88 Fidelity Balanced Fund 4,423 13.52 Fidelity International Growth and Income Fund 9,939 17.95 Fidelity Capital Appreciation Fund 10,572 16.78 Fidelity Canada Fund 648 19.02 Fidelity Utilities Fund 22,120 16.16 Fidelity Asset Manager Fund 31,123 15.85 Fidelity Worldwide Fund 14,579 13.44 Fidelity Stock Selector Fund 44,675 22.19 Fidelity Asset Manager Growth Fund 27,272 15.17 Fidelity Asset Manager Income Fund 14,876 11.60 Fidelity Dividend Growth Fund 58,621 15.84 Fidelity New Markets Income Fund 3,606 9.95 Fidelity Global Balanced Fund 1,043 12.84 Fidelity Small Capital Stock Fund 55,149 12.39 Fidelity Global Bond Fund 2,908 9.94 5. Tax Status: The Plan has received a favorable determination letter from the Internal Revenue Service that it qualifies under Section 401 of the Internal Revenue Code and that the related trust is tax-exempt under Section 501 of the Internal Revenue Code. Accordingly, the trust's net investment income is exempt from taxes. The plan sponsor believes that the Plan, as amended, continued to qualify and operate as designed. 10 6. 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 the continuance of investment, distribution or withdrawal of the securities, cash and cash value of the Common Stock Fund units in the account of the participant as of the effective date of such termination. There are currently no plans to terminate the Plan. 7. Other: Differences between the data shown on pages 3 and 4 of this report and the 1995 Form 5500 filed with the Department of Labor are principally attributable to adjustments made by the plan administrator to conform the financial statements to the accrual basis of accounting. 8. Subsequent Event: In January 1996, an Employee Stock Ownership Plan loan totaling $32,678,677 was obtained from Ford Motor Credit Company. It is payable in eight equal quarterly installments beginning March 1, 1996. 11 Schedule I Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees Item 27a - Schedule of Assets Held for Investment Purposes as of December 31, 1995 (in thousands)
(c) (b) Description of Investment, Identify of Issuer Including Maturity Date, (e) Lessor, Borrower Rate of Interest, Collateral, (d) Current (a) or Similar Party Par or Maturity Value Cost Value - ---- -------------------------- ----------------------------------------- ----------------- ----------------- Lehman Government Securities, Inc. 7/1/96 Maturity, 5.49% interest rate $ 82,847,322 $ 82,850,322 The Prudential Insurance Company of America 6/30/97 Maturity, 4.94% interest rate 81,294,656 81,294,656 John Hancock Mutual Life Insurance Company 6/30/98 Maturity, 8.07% interest rate 65,479,753 65,476,753 Fidelity Investments Interest Income Fund, 225,375,380 shares 225,375,380 225,375,380 Fidelity Investments T. Rowe Price Spectrum Growth Fund, 11,066 shares 153,365 149,278 Fidelity Investments Scudder International Fund, 3,460 shares 153,289 151,289 Fidelity Investments Vanguard Life Strategy Conservative Fund, 304 shares 3,563 3,547 Fidelity Investments T. Rowe Price Spectrum Income Fund, 11,123 shares 123,938 125,017 Fidelity Investments Scudder International Bond Fund, 1,107 shares 12,659 12,690 Fidelity Investments Vanguard Life Strategy Moderate Fund, 10,577 shares 128,313 128,084 Fidelity Investments T. Rowe Price New Horizons Fund, 66,190 shares 1,438,745 1,356,904 Fidelity Investments Scudder Global Fund, 1,688 shares 45,518 45,585 Fidelity Investments Vanguard Life Strategy Growth Fund, 17,492 shares 214,955 216,200 Fidelity Investments T. Rowe Price International Stock Fund, 38,655 shares 470,375 472,747 Fidelity Investments T. Rowe Price International Discovery Fund, 2,359 shares 41,400 40,696 Fidelity Investments Vanguard Index Trust 500 Fund, 34,514 shares 1,955,384 1,988,005 Fidelity Investments T. Rowe Price International Discovery Fund, 1,655 shares 23,378 23,771 Fidelity Investments Scudder Income Fund, 12,467 shares 169,676 169,670 Fidelity Investments Vanguard Index Trust Value Fund, 10,954 shares 160,980 162,118 Fidelity Investments T. Rowe Price New Asia Fund, 46,770 shares 373,714 384,449 Fidelity Investments Scudder Growth and Income Fund, 10,534 shares 210,137 213,110 Fidelity Investments Vanguard Index Trust Growth Fund I, 17,750 shares 243,587 247,974 Fidelity Investments T. Rowe Price High Yield Fund, 18,774 shares 153,735 153,757 Fidelity Investments Scudder Greater Europe Growth Fund, 8,928 shares 125,000 124,731 Fidelity Investments Vanguard Explorer Fund, 3,859 shares 197,748 191,735 Fidelity Investments T. Rowe Price New Era Fund, 2,246 shares 51,615 50,862 Fidelity Investments Scudder Japan Fund, 16,870 shares 153,979 159,250 Fidelity Investments Vanguard Trustees International Fund, 2,387 shares 76,754 74,251 Fidelity Investments T. Rowe Price Latin America Fund, 21,777 shares 143,000 148,314 Wells Fargo Institutional Trust Company Bond Fund, 1,005,167 shares 11,046,204 12,403,759 *Ford Motor Company Ford Stock Fund, 95,761,163 shares 704,998,636 897,282,096 Comerica Bank, N.A. Common Stock Fund, 4,955,774 shares 107,341,666 162,450,288 Fidelity Investments Fidelity Fund, 11,593 shares 261,608 262,121 Fidelity Investments Fidelity Puritan Fund, 43,849 shares 745,872 745,872 Fidelity Investments Fidelity Trend Fund, 4,296 shares 259,803 225,431 Fidelity Investments Fidelity Magellan Fund, 115,980 shares 10,432,369 9,971,929 Fidelity Investments Fidelity Contrafund, 153,419 shares 6,164,476 5,832,993 Fidelity Investments Fidelity Equity Income Fund, 19,958 shares 752,830 756,235 Fidelity Investments Fidelity Growth Company Fund, 63,342 shares 2,396,835 2,298,696 Fidelity Investments Fidelity Investment Grade Bond Fund, 33,170 shares 241,965 244,792 Fidelity Investments Fidelity Growth and Income Portfolio, 80,210 shares 2,118,748 2,169,687 Fidelity Investments Fidelity Value Fund, 20,395 shares 1,010,944 1,012,408 Fidelity Investments Fidelity Government Securities Fund, 18,027 shares 181,587 183,340 Fidelity Investments Fidelity Retirement Growth Fund, 48,846 shares 923,324 888,521
12 Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees Item 27a - Schedule of Assets Held for Investment Purposes, Continued (in thousands)
(c) (b) Description of Investment, Identify of Issuer Including Maturity Date, (e) Lessor, Borrower Rate of Interest, Collateral, (d) Current (a) or Similar Party Par or Maturity Value Cost Value - --- -------------------------- --------------------------------------- --------------- ------------- Fidelity Investments Fidelity Overseas Fund, 18,559 shares $ 532,212 $ 539,506 Fidelity Investments Fidelity Europe Fund, 4,857 shares 111,731 110,841 Fidelity Investments Fidelity Pacific Basin Fund, 11,386 shares 168,091 173,060 Fidelity Investments Fidelity Real Estate Investment Portfolio Fund, 4,802 shares 64,249 66,649 Fidelity Investments Fidelity Balanced Fund, 4,432 shares 59,046 59,804 Fidelity Investments Fidelity International Growth and Income Fund, 9,959 shares 179,320 178,398 Fidelity Investments Fidelity Capital Appreciation Fund, 10,572 shares 186,722 177,405 Fidelity Investments Fidelity Canada Fund, 648 shares 11,948 12,326 Fidelity Investments Fidelity Utilities Fund, 22,120 shares 353,158 357,467 Fidelity Investments Fidelity Asset Manager Fund, 31,123 shares 485,808 493,299 Fidelity Investments Fidelity Worldwide Fund, 14,579 shares 194,631 195,943 Fidelity Investments Fidelity Stock Selection Fund, 44,675 shares 1,063,712 991,328 Fidelity Investments Fidelity Asset Manager Growth Fund, 27,272 shares 409,613 413,710 Fidelity Investments Fidelity Asset Manager Income Fund, 14,876 shares 171,382 172,567 Fidelity Investments Fidelity Dividend Growth Fund, 58,621 shares 940,071 928,554 Fidelity Investments Fidelity New Markets Income Fund, 3,606 shares 34,464 35,880 Fidelity Investments Fidelity Global Balanced Fund, 1,043 shares 12,997 13,396 Fidelity Investments Fidelity Small Capital Stock Fund, 55,149 shares 728,652 683,292 Fidelity Investments Fidelity Global Bond Fund, 2,908 shares 28,845 28,908 Plan participants Participants loan, interest rates varying from 8 to 11 percent - 87,418,656
Note: The current values of each fund are based principally upon the closing prices of the underlying investments as reported in the New York Stock Exchange Transactions listing as of the last trading day of 1995. Current values also include interest and dividends receivable. *Denotes related party. 13 Schedule II Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees Item 27d - Schedule of Reportable Transactions for the year ended December 31, 1995
Current Identity of Purchase Selling Lease Expenses Cost Value Net Gain Party Involved Description of Asset Price Price Rental Incurred of Asset of Asset or (Loss) - -------------- ---------------------------- ----------- ----------- ------ -------- ---------- ---------- ---------- REPORTING Single transaction in excess CRITERION I of five percent of current - ------------ value of plan assets Fidelity Interest Income Fund $249,710,833 $249,710,833 $249,710,833 Comerica, N.A. Current Interest Fund $215,877,982 215,877,962 215,877,962 REPORTING Series of transactions in CRITERION II other than securities in - ------------ excess of five percent of current value of plan Prudential Asset Management Group Guaranteed Investment Contract 102,326,586 102,326,586 102,326,586 John Hancock Mutual Life Insurance Company Guaranteed Investment Contract 68,623,154 68,623,154 68,623,154 REPORTING Series of transactions CRITERION in securities in excess III of five percent of current - --------- value of plan assets. Comerica, N.A./Fidelity Ford Motor Company Common Stock 836,934,602 836,934,602 836,934,602 Ford Motor Company Common Stock 34,661,910 28,973,776 34,661,810 $5,688,132 Comerica, Bank N.A. Current Interest Fund 18,461,649 18,461,649 18,461,649 Fidelity Interest Income Fund 24,335,453 24,335,453 24,335,453 Comerica, N.A./ Fidelity Common Stock Fund 139,457,692 139,457,692 139,457,692 Common Stock Fund 92,451,057 66,751,344 92,451,057 25,699,713 REPORTING Single transactions CRITERION IV with a nonregulated - ------------ entity in excess of five percent of current value of plan assets. None. 14
EX-23 2 Consent of Independent Accountants Ford Motor Company The American Road Dearborn, Michigan Re: Ford Motor Company Registration Statement Nos. 33-64605, 33-61107, 33-58255, 33-54737, 33-54283, 33-50238, 33-36043, 33-19036 and 2-95018 on Form S-8 We consent to the incorporation by reference in the above Registration Statements of our report dated June 7, 1996, to the Board of Directors of Ford Motor Company with respect to the financial statements of the Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees at December 31, 1995 and 1994 and for the year ended December 31, 1995, which is included in this Annual Report on Form 11-K. /s/Coopers & Lybrand L.L.P. 400 Renaissance Center Detroit, Michigan 48243 June 20, 1996 -----END PRIVACY-ENHANCED MESSAGE-----