-----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, ESaSq/qLOhmdhQUZipbCiNq4I2B0DIk+q+WgjUoFXJXDa0pN4X9LBvRb/nGgjUNa cPS1sys4F8+UsoVloaoZog== 0000037996-97-000006.txt : 19970222 0000037996-97-000006.hdr.sgml : 19970222 ACCESSION NUMBER: 0000037996-97-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970219 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970219 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03950 FILM NUMBER: 97538637 BUSINESS ADDRESS: STREET 1: THE AMERICAN RD CITY: DEARBORN STATE: MI ZIP: 48121 BUSINESS PHONE: 3133223000 8-K 1 TRUCK PRESS RELEASE 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 February 19, 1997 ----------------- (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.) The American Road, Dearborn, Michigan 48121 -------------------------------------- ----- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code 313-322-3000 ------------ Item 5. Other Events. - --------------------- News release dated February 19, 1997, filed as Exhibit 20 to this Current Report on Form 8-K, is incorporated by reference herein. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. - --------------------------------------------------------------------------- EXHIBITS -------- Designation Description Method of Filing - ----------- ----------- ---------------- Exhibit 20 News release dated Filed with this Report February 19, 1997 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 thereunto duly authorized on the date indicated. FORD MOTOR COMPANY ------------------------ (Registrant) Date: February 19, 1997 By:/s/Peter Sherry, Jr. --------------------- Peter Sherry, Jr. Assistant Secretary EXHIBIT INDEX ------------- DESIGNATION DESCRIPTION PAGE - ----------- ----------- ---- Exhibit 20 News release dated February 19, 1997 EX-20 2 PRESS RELEASE Truck Vehicle Center, Product Development Center, Room 1AA11, MD189, Dearborn, Michigan 48121 Telephone: 313-621-4651; Fax: 313-845-1119 Internet: http://media.ford.com Contacts: Mike Jarvis, Ford Truck Public Affairs, 313-322-9600 Anne Booker, Ford Regional Public Affairs, 502-429-2542 Debi Nicholson, Freightliner Public Affairs, 503-735-8535 David Caplan, Ford Broadcast News, 313-594-4410 IMMEDIATE RELEASE FREIGHTLINER TO BUY FORD'S HEAVY-TRUCK BUSINESS DEARBORN, Mich., Feb. 19, 1997 - The planned sale of Ford Motor Company's heavy-truck business to Freightliner Corporation was announced today by the two companies. Terms were not disclosed. Both firms have signed a letter of intent for Freightliner to buy Ford's technology, unique tooling and assembly equipment for Ford's heavy trucks. The transaction includes the Louisville/AeroMax (HN80) trucks, Ford's service parts business, and all remaining tooling for the predecessor Ford L-Series trucks and the Ford Cargo truck presently being phased out of production. The transaction is subject to the signing of definitive agreements and regulatory approvals. The potential sale covers the United States, Canadian, Mexican and Australian markets. "Freightliner is a recognized leader in the industry and has plans to grow the business," said Jim Donaldson, Ford vice president - Truck Vehicle Center. We've completed a thorough, strategic review of our heavy-truck operations and concluded that Ford resources can be better focused on our light and medium trucks with higher volumes as a core business." Freightliner President and Chief Executive Officer Jim Hebe said that Freightliner "sees significant strategic value in a second heavy-truck line that complements our existing business." "The Ford heavy-truck line and the chance to develop a business relationship with Ford's well-established heavy-truck dealer network is a tremendous opportunity for Freightliner," Hebe added. "Freightliner intends to operate separate sales divisions with separate dealer organizations for Freightliner and the products acquired from Ford." With this acquisition, Freightliner would gain a "vocational" heavy truck used for applications such as construction, fire trucks, oil delivery, tankers and snow plows, as well as a distribution system that has specialized in selling such products through 257 dealers in the U.S. and Canada. Ford plans over time to use the open capacity at the Kentucky Truck Plant in Louisville, Ky., for other products when the sale to Freightliner is completed. Ford expects to maintain employment at the plant at present levels. Donaldson and Hebe emphasized that Ford's present heavy-truck customers, dealers and suppliers would derive significant long-term benefits from the new affiliation with Freightliner. They said the two companies would work together to make the proposed transition as smooth as possible. The Ford plant in Louisville, the largest truck plant in North America, has hourly employment of 3,900. In addition to heavy trucks, the plant builds Ford medium trucks -- the F-250, F-350 and F-Super Duty pickups. Freightliner Corporation, headquartered in Portland, Ore., is the leading heavy-truck manufacturer in North America. Freightliner produces and markets Class 4-8 trucks and is a wholly owned subsidiary of the Daimler-Benz AG group, one of the world's leading commercial vehicle manufacturers. # # # -----END PRIVACY-ENHANCED MESSAGE-----