Exhibit 12

FORD MOTOR COMPANY AND SUBSIDIARIES

CALCULATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES (a)

(in millions)

	2008			2007			2006			2005			2004
Earnings
Income/(Loss) before income taxes and cumulative effects of changes in accounting principles (b)	$	(14,404	)	$	(3,746	)	$	(15,074	)	$	1,054		$	4,087
Less: Equity in net (income)/loss of affiliates included in income before income taxes		(177	)		(412	)		(426	)		(303	)		(240	)
Adjusted income/(loss)		(14,581	)		(4,158	)		(15,500	)		751			3,847
Adjusted fixed charges (c)		10,280			11,538			9,321			9,091			9,136
Earnings/(Losses)	$	(4,301	)	$	7,380		$	(6,179	)	$	9,842		$	12,983
Combined Fixed Charges
Interest expense (d)	$	9,736		$	10,978		$	8,841		$	8,484		$	8,528
Interest portion of rental expense (e)		325			348			329			514			565
Total combined fixed charges	$	10,061		$	11,326		$	9,170		$	8,998		$	9,093
Ratios
Ratio of earnings to fixed charges	(f)			(f)			(f)				1.1			1.4
Ratio of earnings to combined fixed charges	(f)			(f)			(f)				1.1			1.4

__________

(a) Discontinued operations are excluded from all amounts.  There were no preferred stock dividends in the periods displayed.

(b) Income/(Loss) before taxes includes equity income from unconsolidated subsidiaries.

(c) Combined fixed charges, as shown above, adjusted to exclude capitalized interest, and to include dividends from unconsolidated subsidiaries as well as amortization of capitalized interest.  (Capitalized interest (in millions): 2008  — $53; 2007 — $51; 2006 — $58; 2005 — $67; 2004 — $57)

(d) Includes interest, as defined on our income statement, plus capitalized interest.

(e) One-third of all rental expense is deemed to be interest.

(f) Earnings/(Losses) for 2008, 2007, and 2006 were inadequate to cover combined fixed charges by $14.4 billion, $3.9 billion and $15.4 billion, respectively.