Exhibit 12-B

FORD MOTOR COMPANY AND SUBSIDIARIES

CALCULATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES

AND PREFERRED STOCK DIVIDENDS

(in millions)

				For the Years Ended December 31
				2000		1999			1998			1997		1996
Earnings
Income before income taxes				$	8,234	$	9,854		$	24,280		$	10,124	$	6,189
	Equity in net (income)/ loss of affiliates plus dividends from affiliates				99		(12	)		87			141		75
	Adjusted fixed charges(a)				11,300		9,381			9,161			10,896		10,785
		Earnings		$	19,633	$	19,223		$	33,528		$	21,161	$	17,049
Combined Fixed Charges and Preferred Stock Dividends
	Interest expense(b)			$	10,937	$	9,065		$	8,881		$	10,559	$	10,450
	Interest portion of rental expense(c)				302		258			228			297		292
	Preferred stock dividend requirements of majority owned subsidiaries and trusts				55		55			55			55		55
		Fixed charges			11,294		9,378			9,164			10,911		10,797
Ford preferred stock dividend requirements(d)					22		22			121			85		100
			Total combined fixed charges and preferred stock dividends	$	11,316	$	9,400		$	9,285		$	10,996	$	10,897
Ratios
	Ratio of earnings to fixed charges				1.7		2.0			3.7	(e)		1.9		1.6
	Ratio of earnings to combined fixed charges and preferred stock dividends				1.7		2.0			3.6	(e)		1.9		1.6

Visteon is excluded from all amounts.

(a)	Fixed charges, as shown above, adjusted to exclude the amount of interest capitalized during the period and preferred stock dividend requirements of majority owned subsidiaries and trusts.
(b)	Includes interest, whether expensed or capitalized, and amortization of debt expense and discount or premium relating to any indebtedness.
(c)	One-third of all rental expense is deemed to be interest.

(d) Preferred stock dividend requirements of Ford Motor Company increased to an amount representing the pre-tax earnings which would be required to cover such dividend requirements based on Ford Motor Company’s effective income tax rates.

(e) Earnings used in calculation of this ratio include the $15,955 million gain on the spin-off of The Associates. Excluding this gain, the ratio is 2.0.