-----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, DpVMweNliEvTucRTBzNGTfcO6RAbil5aPdo8vzk2CV6jAZJvCe6RcLBDMFI8FuxH fu3ZWY5ogzj8lOPHNXFt/w== 0000950124-99-003925.txt : 19990628 0000950124-99-003925.hdr.sgml : 19990628 ACCESSION NUMBER: 0000950124-99-003925 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19990625 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: SEC FILE NUMBER: 001-03950 FILM NUMBER: 99652821 BUSINESS ADDRESS: STREET 1: THE AMERICAN RD CITY: DEARBORN STATE: MI ZIP: 48121 BUSINESS PHONE: 3133223000 11-K 1 FORM 11-K 1 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 31, 1998 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 MICROELECTRONICS, INC. SALARIED RETIREMENT SAVINGS PLAN (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) 2 -2- REQUIRED INFORMATION Financial Statements Statement of Net Assets Available for Benefits, as of December 31, 1998 and 1997. Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 1998. Schedule I - Schedule of Assets Held for Investment Purposes as of December 31, 1998. Schedule II - Reportable Transactions for the Year Ended December 31, 1998.
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 Microelectronics, Inc. Salaried Retirement Savings Plan Committee has duly caused this Annual Report to be signed by the undersigned thereunto duly authorized. FORD MICROELECTRONICS, INC. By: /s/Thomas J. Lombardi ------------------------------------------ Thomas J. Lombardi, Chairman Ford Microelectronics, Inc. Salaried Retirement Savings Plan Committee June 25, 1999 3 FORD MICROELECTRONICS, INC. SALARIED RETIREMENT SAVINGS PLAN 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, 1998 and 1997........................................3 Statement of Changes in Net Assets Available for Plan Benefits with fund information for the year ended December 31, 1998.....................4 Notes to Financial Statements..........................................5-10 Supplemental Schedules: Item 27a - Schedule of Assets Held for Investment Purposes as of December 31, 1998.............................................11 Item 27d - Schedule of Reportable Transactions for the year ended December 31, 1998................................................12-13 1 4 REPORT OF INDEPENDENT ACCOUNTANTS To the Boards of Directors of Ford Motor Company and Ford Microelectronics, Inc.: In our opinion, the accompanying statements of net assets available for benefits of the Ford Microelectronics, Inc. Salaried Retirement Savings Plan (the "Plan") at December 31, 1998 and 1997 and the related statement of changes in net assets available for benefits with fund information for the year ended December 31, 1998, present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 1998 and 1997 and the changes in net assets available for benefits with fund information for the year ended December 31, 1998 in conformity with generally accepted accounting principles. 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 in accordance with generally accepted auditing standards which 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 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 the opinion expressed above. Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of Assets Held for Investment Purposes and Reportable Transactions 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. May 7, 1999 2 5 FORD MICROELECTRONICS, INC. SALARIED RETIREMENT SAVINGS PLAN STATEMENT OF PLAN NET ASSETS AVAILABLE FOR PLAN BENEFITS as of December 31, 1998 and 1997 In thousands
ASSETS 1998 1997 Investments, at fair value $ 31,692 $ 20,953 Participant notes receivable 590 522 ---------- ---------- Net assets available for benefits $ 32,282 $ 21,475 ========== ========== The accompanying notes are an integral part of the financial statements.
3 6 FORD MICROELECTRONICS, INC. SALARIED RETIREMENT SAVINGS PLAN STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS for the year ended December 31, 1998 In thousands
PARTICIPANT-DIRECTED ------------------------------------------------------------------------------------ FORD ASSOC- INTER- STRATEGIC COMPANY IATES ULTRA VISTA EQUITY NATIONAL CONSER- STRATEGIC STOCK STOCK INVESTORS INVESTORS INCOME VALUE GROWTH VATIVE MODERATE FUND FUND FUND FUND FUND FUND FUND FUND FUND ---------- ------- --------- ---------- ------- ------- -------- --------- --------- Net assets at fair value, January 1, 1998 $ 8,773 $ $ 2,017 $ 1,074 $ 1,035 $ 2,283 $ 776 $ 27 $ 88 Additions: Participant contributions 171 305 130 153 256 163 2 29 Company contributions 153 297 128 142 200 111 2 26 Participant notes - principal repayments 37 51 21 21 36 11 5 Participant notes - Interest repayments 5 10 4 4 5 2 2 Dividend and interest income (1,835) 2,184 271 202 384 18 5 Net appreciation in fair value of investments 3,834 2,248 422 123 1 5 Transfers in 4,799 507 1,152 198 349 283 182 8 --------- ------- --------- -------- ------- ------- -------- -------- -------- Total additions 7,164 4,939 2,508 481 871 1,164 610 5 80 Deductions: Distributions 246 79 56 14 9 27 10 5 Loans to participants 17 5 72 22 27 53 11 8 Net depreciation in fair value of investments 112 65 277 Transfers out 4,690 922 1,138 629 523 822 229 32 44 --------- ------- --------- -------- ------- ------- -------- -------- -------- Total deductions 4,953 1,006 1,266 777 624 1,179 250 32 57 --------- ------- --------- -------- ------- ------- -------- -------- -------- Net assets at fair value, December 31, 1998 $ 10,984 $ 3,933 $ 3,259 $ 778 $ 1,282 $ 2,268 $ 1,136 $ 0 $ 111 ========= ======= ========= ======== ======= ======= ======== ======== ======== PARTICIPANT-DIRECTED ------------------------------------------------------------------------------------ SCHWAB U.S. INCOME STRATEGIC PREMIUM PERSONAL PRIME SMALL & PARTICI- AGGRESSIVE BOND CHOICE MONEY GNMA COMPANY GROWTH PANT FUND FUND FUND MARKET FUND FUND FUND NOTES TOTAL ---------- -------- -------- -------- -------- -------- -------- Net assets at fair value, January 1, 1998 $ 400 $ 246 $ 205 $ 1,447 $ 189 $ 0 $ 2,393 $ 522 $ 21,475 Additions: Participant contributions 58 20 41 25 10 416 1,779 Company contributions 61 15 56 26 10 307 1,534 Participant notes - principal repayments 23 3 25 4 51 (288) Participant notes - Interest repayments 2 4 7 45 Dividend and interest income 17 24 45 78 13 7 204 1,617 Net appreciation in fair value of investments 43 3 574 7,253 Transfers in 65 378 261 2,587 70 87 1,262 12,188 --------- -------- -------- -------- -------- -------- -------- ------- -------- Total additions 269 443 306 2,791 138 114 2,821 (288) 24,416 Deductions: Distributions 38 448 2 20 954 Loans to participants 27 6 27 4 1 76 (356) Net depreciation in fair value of investments 12 466 Transfers out 103 144 1,658 60 43 1,152 12,189 --------- -------- -------- -------- -------- -------- -------- ------- -------- Total deductions 168 150 2,133 66 56 1,248 (356) 13,609 --------- -------- -------- -------- -------- -------- -------- ------- -------- Net assets at fair value, December 31, 1998 $ 501 $ 539 $ 511 $ 2,105 $ 261 $ 58 $ 3,966 $ 590 $ 32,282 ========= ======== ======== ======== ======== ======== ======== ======= ========
The accompanying notes are an integral part of the financial statements. 4 7 FORD MICROELECTRONICS, INC. SALARIED RETIREMENT SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS 1. DESCRIPTION OF THE PLAN: The following description of the Ford Microelectronics, Inc. (the "Company") Salaried Retirement Savings Plan (the "Plan") provides only general information. Participants should refer to the Plan agreement for a more comprehensive description of the Plan's provisions. a. GENERAL: The Plan is a defined-contribution plan established to encourage and facilitate systematic savings and investment by eligible salaried employees and to provide them with an opportunity to become stockholders of Ford Motor Company ("Ford").It is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA"). b. ELIGIBILITY: With certain exceptions, regular full-time salaried employees are eligible to participate in the contributory portion of the Plan at date of hire. All full-time employees are eligible to participate in the employer discretionary portion of the Plan. Participation in the Plan is voluntary. c. CONTRIBUTIONS: Under the Plan and subject to limits imposed by the Internal Revenue Code, participants may defer up to 15 percent in pre-tax contributions and 10 percent in post-tax contributions. The Company match is at the rate of 100 percent of the first 3 percent of the participants' base salaries contributed and at the rate of $.60 for each dollar of the next 7 percent of participants' base salaries contributed. The Company may also contribute an additional amount determined at the discretion of the Company, in cash. For the years ended December 31, 1998 and 1997, the Company made discretionary contributions of 3 percent for each regular active employee with covered compensation. These contributions were made bi-weekly in 1998 and 1997. d. PARTICIPANT ACCOUNTS: Each participant's account is credited with the participant's contribution and allocations of the Company's contributions and Plan earnings. Administrative expenses are paid primarily by the Company. Allocations are based on participant earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account. e. VESTING: Participants are immediately vested in their contributions plus actual earnings thereon. Vesting in the Company's matching and discretionary contribution portion of their accounts plus actual earnings thereon is based on years of continuous service. A participant is 100 percent vested after five years of credited service. A participant becomes fully vested in Company matching contributions automatically upon attainment of normal retirement age, retirement due to disability, death, or partial plan termination. Participants are entitled to receive the full amount of vested funds when their employment is terminated. 5 8 1. DESCRIPTION OF THE PLAN, CONTINUED: f. INVESTMENTS OPTIONS: Upon enrollment in the Plan, a participant may direct employee and Company matching and discretionary contributions in any of the investment options. As of December 31, 1998, participants have the following investment options: - Ford Motor Company Stock Fund - Invests primarily in shares of Ford Motor Company common stock with a small portion of short-term liquid investments for liquidity purposes. - Associates First Capital Corporation (the "Associates") Stock Fund - A "sell-only" fund consisting primarily of shares of the Associates' common stock with a small portion of short-term liquid investments for liquidity purposes, and after December 31, 1999 will be closed. No contributions or transfers by Plan participants may be made to this fund. Future cash dividends paid on the Associates stock held in the Associates Stock Fund will be credited to participants' accounts in the Ford Stock Fund and invested in shares of Ford Common Stock. - Ultra Fund - Invests in stocks of companies with accelerating earnings and revenue trends. The objective of the fund is to seek capital growth over time. - Vista Fund - Invests in medium-sized and smaller companies, with an emphasis on smaller firms. The objective of the fund is to seek capital growth over time. - Equity Income Fund - Invests primarily in companies with favorable dividend-paying history, dividend-paying ability and capital appreciation potential. The objective of the fund is to seek current income with capital appreciation as a secondary objective. - Value Fund - Invests primarily in stocks of well-established companies that are believed to be undervalued at the time of purchase. The objective of the fund is to seek capital growth over time. - International Growth Fund - Invests in a diversified international portfolio with the majority of investments in developing markets. The objective of the fund is to seek capital growth over time. - Strategic Conservative Fund - Invests in a diversified portfolio of bonds, money market securities and stocks. The fund's investment objective is to obtain as high a level of total return as is consistent with the fund's asset mix. - Strategic Moderate Fund - Invests in equity securities, but maintains a sizable stake in bonds and money market securities. The objective of the fund is to seek high levels of total return (capital appreciation plus income) as is consistent with its risk profile. 6 9 1. DESCRIPTION OF THE PLAN, CONTINUED: f. INVESTMENTS OPTIONS, CONTINUED: - Strategic Aggressive Fund - Invests in a diversified portfolio of stocks, bonds and money market securities and seeks a high level of total return. The objective of the fund is to seek high levels of total return (capital appreciation plus income) as is consistent with its risk profile. - Premium Bond Fund - Invests in longer-term bonds and other debt instruments. The objective of the fund is to seek high levels of current income. - Schwab Personal Choice Fund - Allows participants to invest in mutual funds, listed and over-the-counter stocks, certificates of deposits, money market funds and federally backed investments and bonds at the participants discretion. - Prime Money Market Fund - Invests in high-quality U.S. dollar-denominated money market instruments and other short-term obligations of banks, governments and corporations. The objective of the fund is to seek the highest level of current income consistent with preservation of capital. - GNMA Fund - Invests in mortgage-backed Ginnie Mae certificates. The objective of the fund is to provide a high level of current income consistent with safety of principal and investment liquidity. - U.S. Small Company Fund - Invests primarily in small and medium U.S. companies that are ranked as the most undervalued. The objective of the fund is to provide a high total return from a portfolio of small company stocks. - Income & Growth Fund - Invests primarily in larger-sized companies and targets stocks with a higher expected dividend yield and higher overall return potential. The objective of the fund is to provide dividend growth, current income and capital appreciation by investing in common stocks. g. PARTICIPANT NOTES RECEIVABLE: Participants may borrow from their fund accounts a minimum of $1,000 and to a maximum equal to the lesser of $50,000 or 50 percent of their account balance. Loan transactions are treated as a transfer to/from the investment fund from/to the Participant Notes fund. Loan terms range from one to five years or up to ten years for the purchase of a primary residence. The loans bear interest at a rate commensurate with local prevailing rates. Interest rates range from 6.0 to 9.5 percent. Principal and interest are paid ratably through bi-weekly payroll deductions. h. PAYMENT OF BENEFITS: On termination of service due to death, disability, retirement, or partial plan termination, a participant may elect to receive all or part of participant's vested interest in his or her account as a lump-sum distribution. 7 10 1. DESCRIPTION OF THE PLAN, CONTINUED: i. FORFEITURES: The Plan permits the Company to use the funds forfeited by participants to pay Plan administration expenses, and, to the extent not used to pay such expenses, to reduce future Company contributions. As of December 31, 1998 and 1997, $91,704 and $130,464 were forfeited by plan participants and were available to pay future administrative expenses. To the extent that forfeited funds are not available to pay Plan administrative expenses, the Company pays such expenses. j. INVESTMENT PARTICIPATION: The number of participants in each program at December 31, 1998 are as follows: NUMBER OF INVESTMENT FUND PARTICIPANTS --------------------------------------- ---------------- Ford Motor Company Stock Fund 312 Associates Stock Fund 264 Ultra Fund 237 Vista Fund 132 Equity Income Fund 137 Value Fund 166 International Growth Fund 134 Strategic Conservative Fund 0 Strategic Moderate Fund 37 Strategic Aggressive Fund 74 Premium Bond Fund 40 Schwab Personal Choice Fund 13 Prime Money Market Fund 174 GNMA Fund 36 U.S. Small Company Fund 25 Income & Growth Fund 235 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: a. BASIS OF ACCOUNTING: The financial statements of the Plan are prepared under the accrual method of accounting. b. INVESTMENT VALUATION AND INCOME RECOGNITION: All Plan investments are valued on the basis of established year-end quoted market prices. Participant notes are carried at cost, which approximates fair value. Purchases and sales of securities are recorded on a trade-date basis. Gains and losses on sales of securities are based on average cost. Dividend income is recorded on the ex-dividend date. Interest income is recorded on the accrual basis. The Plan presents in the statement of changes in net assets available for benefits the net appreciation in the fair value of its investments which consist of the realized gains and losses and the unrealized appreciation and depreciation on those investments. 8 11 NOTES TO FINANCIAL STATEMENTS, CONTINUED 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED: c. PAYMENT OF BENEFITS: Benefits are recorded when paid. d. CONTRIBUTIONS: Contributions from employees and the Company are recorded in the period that payroll deductions are made from Plan participants. e. USE OF ESTIMATES: 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 reported period. Actual results could differ from those estimates. f. RISKS AND UNCERTAINTIES: The Plan provides for various investment options in any combination of either equity or fixed income investment securities. 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 would 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. 3. PLAN TERMINATION: Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100 percent vested in all funds in their accounts. 9 12 NOTES TO FINANCIAL STATEMENTS, CONTINUED 4. ASSET VALUE PER SHARE: The number of shares and asset value per share at December 31, 1998 per American Century Services Corporation are as follows:
ASSET NUMBER OF VALUE SHARES PER SHARE -------------- ------------ Ford Motor Company Stock Fund 186,793 $ 58.69 Associates First Capital Corporation 92,812 42.38 Ultra Fund 97,537 33.41 Vista Fund 73,020 10.65 Equity Income Fund 203,237 6.31 Value Fund 374,902 6.05 International Growth Fund 118,552 9.58 Strategic Moderate Fund 17,952 6.21 Strategic Aggressive Fund 75,795 6.61 Premium Bond Fund 52,403 10.28 Schwab Personal Choice Fund 511,222 1.00 Prime Money Market Fund 2,105,105 1.00 GNMA Fund 24,416 10.69 U.S. Small Company Fund 2,644 21.82 Income & Growth Fund 135,599 29.25
5. TAX STATUS: The Internal Revenue Service has determined and informed the Company by a letter dated September 13, 1995, that the Plan and related trust are designed in accordance with applicable sections of the Internal Revenue Code ("IRC"). Although the Plan has been subsequently amended, management believes the Plan continues to be in accordance with the IRC. 6. ASSOCIATES SPIN-OFF: On March 2, 1998, the Board of Directors of the Company approved the spin-off of all of Ford's 80.7 percent interest in the Associates First Capital Corporation (the "Associates") by declaring a dividend on the Company's outstanding shares of common and Class B stock. The spin-off dividend was payable on April 7, 1998 to stockholders of record on March 12, 1998. Participants with assets in the Ford Motor Stock Fund under the Plan on the distribution date received the stock dividend distribution. As a result, a total of 53,198 shares of Associates Common Stock was received by the trustee on behalf of Plan participants. In preparation for the spin-off, the Associates Stock Fund was created to hold the Associates shares acquired under the Plan as a result of the spin-off. Future cash dividends paid on the Associates stock held in the Associates Stock Fund will be credited to participants' accounts in the Ford Stock Fund and invested in shares of Ford Common Stock. During the period between the record date and the distribution date, participants' Ford Stock Fund account balances under the Plan reflected the value of the Associates stock distribution. The Associates Stock Fund is a "sell-only" fund and no contributions or transfers by Plan participants may be made to this fund. 10 13 FORD MICROELECTRONICS, INC. SALARIED RETIREMENT SAVINGS PLAN ITEM 27A - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES as of December 31, 1998
(B) (C) IDENTITY IF ISSUER, DESCRIPTION OF INVESTMENT, BORROWER, LESSOR OR INCLUDING MATURITY DATE, (E) SIMILAR PARTY RATE OF INTEREST, COLLATERAL, (D) CURRENT (A) PAR OR MATURITY VALUE COST VALUE - ------ ---------------------- ------------------------------------- ---------------- ---------------- * Ford Motor Company Ford Motor Company Common Stock, 186,793 shares $ 4,181,469 $ 10,984,048 Associates First Capital Corporation 92,812 shares 1,804,630 3,933,075 * American Century Services Corporation Ultra Fund, 97,537 shares 2,984,975 3,258,737 Vista Fund, 73,020 shares 952,193 777,668 Equity Income Fund, 203,237 shares 1,363,423 1,282,427 Value Fund, 374,902 shares 2,557,035 2,268,156 International Growth Fund, 118,552 1,032,008 1,135,726 Strategic Moderate Fund, 17,952 shares 105,364 111,483 Strategic Aggressive Fund, 75,795 shares 458,761 501,008 Premium Bond Fund, 52,403 shares 531,568 538,706 Schwab Personal Choice Fund, 511,222 shares 511,222 511,222 Prime Money Market Fund, 2,105,105 shares 2,105,105 2,105,105 GNMA Fund, 24,416 shares 258,295 261,010 U.S. Small Company Fund, 2,644 shares 61,129 57,694 Income & Growth Fund, 135,599 shares 3,300,082 3,966,281 * Participant notes 6% to 9.5% interest rate generally maturing from 3 to 5 years 0 589,757 --------------- --------------- Total $ 22,207,259 $ 32,282,103 =============== ===============
*Party-in-interest to the Plan. 11 14 FORD MICROELECTRONICS, INC. SALARIED RETIREMENT SAVINGS PLAN ITEM 27D - SCHEDULE OF REPORTABLE TRANSACTIONS for the year ended December 31, 1998
(A) (B) (C) (D) IDENTITY OF DESCRIPTION OF ASSET PURCHASE SELLING PARTY INVOLVED (INCLUDING INTEREST RATE AND PRICE PRICE MATURITY IN CASE OF A LOAN) - -------------------- --------------------------------------------------------- ----------- ----------- REPORTING CRITERION I: Single transaction in excess of five percent of current value of plan assets. None. REPORTING CRITERION II: Series of transactions in other than securities in excess of five percent of current value of plan assets. None. REPORTING CRITERION III: Series of transactions in securities in excess of five percent of current value of plan assets. American Century Services Equity Income Fund Corporation* Purchases $ 872,174 Sales $ 560,051 Income & Growth Fund Purchases 2,247,095 Sales 1,247,817 Prime Market Fund Purchases 2,676,836 Sales 2,018,560 Ultra Fund Purchases 2,088,690 Sales 1,269,004 Value Fund Purchases 1,165,169 Sales 903,062 Vista Fund Purchases 482,571 Sales 667,063 (A) (B) (E) (F) (1) (G) (H) IDENTITY OF DESCRIPTION OF ASSET LEASE EXPENSE COST CURRENT PARTY INVOLVED (INCLUDING INTEREST RATE AND RENTAL INCURRED OF ASSET VALUE MATURITY IN CASE OF A LOAN) OF ASSET - -------------------- --------------------------------------------------------- ------ -------- --------- ----------- REPORTING CRITERION I: Single transaction in excess of five percent of current value of plan assets. None. REPORTING CRITERION II: Series of transactions in other than securities in excess of five percent of current value of plan assets. None. REPORTING CRITERION III: Series of transactions in securities in excess of five percent of current value of plan assets. American Century Services Equity Income Fund Corporation* Purchases $ 872,174 $ 872,174 Sales 553,801 560,051 Income & Growth Fund Purchases 2,247,095 2,247,095 Sales 1,137,617 1,247,817 Prime Market Fund Purchases 2,676,836 2,676,836 Sales 2,018,560 2,018,560 Ultra Fund Purchases 2,088,690 2,088,690 Sales 1,286,894 1,269,004 Value Fund Purchases 1,165,169 1,165,169 Sales 877,154 903,062 Vista Fund Purchases 482,571 482,571 Sales 728,651 667,063 (A) (B) (I) IDENTITY OF DESCRIPTION OF ASSET NET GAIN PARTY INVOLVED (INCLUDING INTEREST RATE AND OR (LOSS) MATURITY IN CASE OF A LOAN) - -------------------- --------------------------------------------------------- --------- REPORTING CRITERION I: Single transaction in excess of five percent of current value of plan assets. None. REPORTING CRITERION II: Series of transactions in other than securities in excess of five percent of current value of plan assets. None. REPORTING CRITERION III: Series of transactions in securities in excess of five percent of current value of plan assets. American Century Services Equity Income Fund Corporation* Purchases Sales $ 6,250 Income & Growth Fund Purchases Sales 110,200 Prime Market Fund Purchases Sales Ultra Fund Purchases Sales (17,890) Value Fund Purchases Sales 25,908 Vista Fund Purchases Sales (61,588)
12 15 FORD MICROELECTRONICS, INC. SALARIED RETIREMENT SAVINGS PLAN ITEM 27D - SCHEDULE OF REPORTABLE TRANSACTIONS, CONTINUED
(B) (A) DESCRIPTION OF ASSET (C) (D) (E) (F) (1) IDENTITY OF (INCLUDING INTEREST RATE AND PURCHASE SELLING LEASE EXPENSE PARTY INVOLVED MATURITY IN CASE OF A LOAN) PRICE PRICE RENTAL INCURRED REPORTING CRITERION III, CONTINUED: Ford Motor Company* Ford Motor Company Common Stock: Purchases $ 6,038,452 Sales $ 5,974,437 REPORTING CRITERION IV: Single transactions with a nonregulated entity in excess of five percent of current value of plan assets. None. (B) (H) (A) DESCRIPTION OF ASSET (G) CURRENT (I) IDENTITY OF (INCLUDING INTEREST RATE AND COST VALUE NET GAIN PARTY INVOLVED MATURITY IN CASE OF A LOAN) OF ASSET OF ASSET OR (LOSS) REPORTING CRITERION III, CONTINUED: Ford Motor Company* Ford Motor Company Common Stock: Purchases $ 6,038,452 $6,038,452 Sales $ 5,016,688 $5,974,437 $ 957,749 REPORTING CRITERION IV: Single transactions with a nonregulated entity in excess of five percent of current value of plan assets. None.
(1) Information regarding expenses incurred with each transaction was not available from the trustee. *Party-in-interest to the Plan. 13 16 Exhibit Index ------------- Exhibit No. Description - ----------- ----------- 23 Consent of PricewaterhouseCoopers LLP EX-23 2 CONSENT OF PRICEWATERHOUSECOOPERS 1 Exhibit 23 CONSENT OF INDEPENDENT ACCOUNTANTS Ford Motor Company The American Road Dearborn, Michigan Re: Ford Motor Company Registration Statement Nos. 33-56785, 33-58785, 333-02407 and 333-47735 We consent to the incorporation by reference in the above Registration Statements of our report dated May 7, 1999 to the Board of Directors of Ford Motor Company and Ford Microelectronics, Inc. with respect to the financial statements of the Ford Microelectronics, Inc. Salaried Retirement Savings Plan at December 31, 1998 and 1997, and for the year ended December 31, 1998, which is included in this Annual Report on Form 11-K. June 25, 1999 -----END PRIVACY-ENHANCED MESSAGE-----