form8k.htm
UNITED
STATES
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: April 21,
2009
(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.)
|
|
|
|
|
One American Road, Dearborn,
Michigan
|
48126
|
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Registrant's
telephone number, including area code 313-322-3000
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
|
¨
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
|
¨
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
¨
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
|
¨
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
Item 2.02. Results of
Operations and Financial Condition.
Ford
Motor Company ("Ford") hereby incorporates by reference its news release dated
April 24, 2009, which is filed as Exhibit 99 hereto.
Ford will
conduct two conference calls on April 24, 2009 to review preliminary
first quarter 2009 financial results. Beginning at 9:00 a.m., Ford's
President and Chief Executive Officer Alan Mulally and Executive Vice President
and Chief Financial Officer Lewis Booth will host a presentation for the
investment community and news media to discuss Ford's preliminary financial
results. Investors may access this presentation by dialing toll free
866-788-0547 (or 1-857-350-1685 from outside the United States). The
passcode for either telephone number is a verbal response of "Ford
Earnings."
At 11:00
a.m., Ford Senior Vice President and Controller Peter Daniel, Ford Vice
President and Treasurer Neil Schloss, and Ford Motor Credit Company Vice
Chairman and Chief Financial Officer K.R. Kent will host a presentation for
fixed income analysts and investors. Investors may access this
presentation by dialing toll free 866-804-6920 (or 1-857-350-1666 from outside
the United States). The passcode for either telephone number is a
verbal response of "Ford Fixed Income."
A
listen-only webcast and supporting presentation materials for these calls is
available on the Internet at www.shareholder.ford.com. Investors
may also access replays of the presentations after 2 p.m. the day of the event
through Friday, May 1, 2009 by dialing 888-286-8010 (or 1-617-801-6888 from
outside the United States). The passcode for replays of the earnings
call is 29481628; the passcode for replays of the fixed income call is
55865600. All times referenced above are in Eastern
Time.
Please
note that Exhibit 99 to this Form 8-K discusses revenue and profits
excluding special items for our Automotive and Financial Services sectors and
for the primary operating segments and business units therein. The
most directly comparable financial measures calculated and presented in
accordance with U.S. Generally Accepted Accounting Principles ("U.S. GAAP") are
revenue and profits including special items. We believe that revenue
and profits excluding special items are useful measures to provide investors,
because they exclude those items that we do not necessarily consider to be
indicative of earnings from ongoing operating activities. As a
result, revenue and profits excluding special items provide investors with
relevant measures of the results generated by our operations.
In
addition, Exhibit 99 discusses our key cash metrics, operating-related cash flow
(which we believe best represents the ability of our Automotive operations to
generate cash), and Automotive gross cash (including cash and cash equivalents,
net marketable securities, and loaned securities). We believe that
operating-related cash flow is useful to investors because it includes elements
that we consider to be related to our operating activities (e.g., capital
spending), and excludes cash flow elements that we do not consider to be related
to the ability of our operations to generate cash (e.g., tax
refunds). The most comparable U.S. GAAP measure is Cash flows from operating activities
of continuing operations on our statement of cash flows. The
most comparable U.S. GAAP measure for Automotive gross cash is the sum of the
individual line items on our balance sheet for each of the elements within that
measure (Cash and cash
equivalents, Marketable
securities, and Loaned
securities).
Item 2.06. Material
Impairments.
Having
concluded that it is probable that we will dispose of our Volvo operations
within the next twelve months, we have classified Volvo as held for sale in
preparation of our first quarter 2009 financial statements. We have
conducted held-for-sale impairment testing for Volvo, and concluded on
April 21, 2009 that we would have a $650 million impairment charge to
be reflected in our financial statements for the first quarter of
2009.
Item 9.01. Financial
Statements and Exhibits.
EXHIBITS
|
Designation
|
Description
|
Method of Filing
|
|
|
|
|
|
Exhibit
99
|
News
Release dated April 24, 2009
|
Filed
with this Report
|
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 hereunto duly
authorized.
|
|
|
FORD MOTOR COMPANY
|
|
|
|
(Registrant)
|
|
|
|
|
|
Date: April
24, 2009
|
By:
|
/s/ Louis J. Ghilardi
|
|
|
|
Louis
J. Ghilardi
|
|
|
|
Assistant
Secretary
|
EXHIBIT
INDEX
|
Designation
|
Description
|
|
|
|
|
|
News
Release dated April 24,
2009
|
- 5 -