Exhibit 99.1

Ford Motor Company and Subsidiaries
CONSOLIDATED STATEMENT OF INCOME
For the Periods Ended December 31, 2002 and 2001
(in millions)

		Fourth Quarter						Full Year
		2002			2001			2002			2001
		(unaudited)						(unaudited)
AUTOMOTIVE
Sales		$	34,661		$	33,593		$	134,425		$	130,827
Costs and expenses
Costs of sales			32,401			37,200			125,137			128,417
Selling, administrative and other expenses			2,679			2,707			9,819			9,805
	Total costs and expenses		35,080			39,907			134,956			138,222
Operating income/(loss)			(419	)		(6,314	)		(531	)		(7,395	)
Interest income			173			149			834			765
Interest expense			331			372			1,368			1,376
	Net interest income/(expense)		(158	)		(223	)		(534	)		(611	)
Equity in net income/(loss) of affiliated companies			6			(170	)		(91	)		(856	)
Income/(loss) before income taxes — Automotive			(571	)		(6,707	)		(1,156	)		(8,862	)
FINANCIAL SERVICES
Revenues			6,919			7,118			28,161			29,927
Costs and expenses
Interest expense			1,715			2,134			7,456			9,441
Depreciation			2,609			2,583			10,240			10,164
Operating and other expenses			1,248			1,337			5,080			5,221
Provision for credit and insurance losses			753			1,527			3,276			3,661
	Total costs and expenses		6,325			7,581			26,052			28,487
Income/(loss) before income taxes — Financial Services			594			(463	)		2,109			1,440
TOTAL COMPANY
Income/(loss) before income taxes			23			(7,170	)		953			(7,422	)
Provision for/(benefit from) income taxes			(48	)		(2,130	)		302			(2,097	)
Income/(loss) before minority interests			71			(5,040	)		651			(5,325	)
Minority interests in net income/(loss) of subsidiaries			82			(9	)		367			24
Income/(loss) from continuing operations			(11	)		(5,031	)		284			(5,349	)
Cumulative effect of change in accounting principle			—			—			(1,002	)		—
Income/(loss) from discontinued/held-for-sale operations			(15	)		(37	)		(63	)		(104	)
Loss on disposal of discontinued/held-for-sale operations			(104	)		—			(199	)		—
Net income/(loss)		$	(130	)	$	(5,068	)	$	(980	)	$	(5,453	)
Income/(loss) attributable to Common and Class B Stock after Preferred Stock dividends		$	(134	)	$	(5,072	)	$	(995	)	$	(5,468	)
Average number of shares of Common and Class B Stock outstanding			1,833			1,810			1,819			1,820
AMOUNTS PER SHARE OF COMMON AND CLASS B STOCK
Basic income
	Income/(loss) from continuing operations	$	(0.01	)	$	(2.79	)	$	0.15		$	(2.96	)
	Cumulative effect of change in accounting principle		—			—			(0.55	)		—
	Income/(loss) from discontinued/held-for-sale operations		(0.01	)		(0.02	)		(0.04	)		(0.06	)
	Loss on disposal of discontinued/held-for-sale operations		(0.05	)		—			(0.11	)		—
	Net income/(loss)	$	(0.07	)	$	(2.81	)	$	(0.55	)	$	(3.02	)
Diluted income
	Income/(loss) from continuing operations	$	(0.01	)	$	(2.79	)	$	0.15		$	(2.96	)
	Cumulative effect of change in accounting principle		—			—			(0.55	)		—
	Income/(loss) from discontinued/held-for-sale operations		(0.01	)		(0.02	)		(0.03	)		(0.06	)
	Loss on disposal of discontinued/held-for-sale operations		(0.05	)		—			(0.11	)		—
	Net income/(loss)	$	(0.07	)	$	(2.81	)	$	(0.54	)	$	(3.02	)
Cash dividends		$	0.10		$	0.15		$	0.40		$	1.05