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Management’s Discussion and Analysis of Financial Condition and Results of Operations
48 Ford Motor Company | 2008 Annual Report
7 +*2+22622$7.- 7.7 7 7.$2 !7.7(-73.77! !.-7 7. .87 7
.9 27$ -)87. !!. 7!!!7.7 7 92! !. !7. !7E!-$!7-!!3!-! 72..2 87
2-7$. !7.7,--872 ! !(7$!7.7.!. 72-7 7.!57.7.7.2 7
7-!)-7-9 27 ;7
7
7-2!22*+2+677&71 7 $77-.7. 7.$2 !7- 7! !.-7 $87 7
7.7-9$7!$ 727.7.77.(!77.! .-72.) 7 $87!-. !8737!-87.7 7
(.!.3-87.%$ 77!!7. 77$7!( 2 7 . ;77&7.$2 !7!73.77!. !77.--7
!$ 87,! 7.7$77 $71 . !7(7 71 7 ,-(72 7E/7. 7,!--737.,7,7,7
2! 77 .7 7 7,7*47 !7#.- 7.7/7!7B>>M5;777
7
7+*+2)622&7.-.7, 7.$2 !7- 7$7-9 27. $.-71!87$ -)7.7.$27!-. !;7
2
7-2,2+))622&71 7.2$ 7.7 !2!77/7.,,7!73.77.7.2 77
$-7 !73! 7.2 7 737!23$87 .17!!87.7.(.!-.3!-! 87.7 277 7 !7#.- 7
.7" -2 72 ;72
2
7.2+622 !2 7. 7.7(-7 7- 7. $.-7.7% 7-.71!;2
2
7+*2+622 .-! 7. 7.7(-7 7- 7. $.-7.7% 7-.71!;2
7
-.73-!. !7.7 7.73.771! !7 !2 7-.7(!!;777.$2 !7!72.7.!7.7
  !.-7$ $7.7 73! 7(!!737 7 7,!7,7.7 -722! 7E;;87!71! !7-.37
 . 5;7
7
&7 77. $.-7$- 7!!727$7.$2 !7.7 7 77.!7.$2 !7.7!-$7!7
$.2 !7 7.!7.7-;77*.2 !7.!7.7-7.7.2 !7(7$ $7!7.87 87
.--7. 7$7!717!7$ $7!;77'7B>>K87 7*;";7. $.-7.- 7.7 7,.7. !(7@?87
2.7 7 71 7!! !.-7 77D?7. 7237D@87B>>J;77&7,! 7.(.7!$ 7. 7$7 7
 2!7 73! 73-!. !77*;";7-.7. 7237D@87B>>K7,.7F;MG?872.7,! 7I;FG?7. 7
237D@87B>>J;77&7!87.7,--7.7$. 7-. 7 72-7.. !7.287$- 7!7.7
$.2 !7.!77.3$ 7=J73!--!;77&!7.2$ 7!71 7 737!7.7.72 77 717(7 7
1 7$ $7.77(!7E.1!2. -7@F7.5;7
7
"7 7BD77 7 7 7 7!.!.-7" . 2 7727!2. !7.!7 7.7.$2 !77 7
  !2 72-73! ;7
6
%2+*677&7 77*;";7.7..!.7-.737.77 .7! 7!.<E.57!7 7
.$27.- 7.7 7 7. 7,$-7!.<E.57 7  !2 7.- 7.73! 73-!. !77.9
7B>>K737.1!2. -7=B@>72!--!<=E@J>572!--!87.7 7(!7.7!  72 77.- 7.7177
B>>M737=B>72!--!<=E@>572!--!;7
6
&1- 166+ ,,6-68 '66
7
+!22.+2!2A2)**622,!--7!7 7.2 !873$ 7!7$3% 7 7!!7.2 77
!2.!2 ;7747  7,!--77!2.!2 7.$.--7$!7 7$ 7$. 877,7( 7$77!$2 .7
.7 . 7,$-727-!)-7 .7 7$7 7.!7(.-$77 7 !7$! 73-,7! 7.!7(.-$;77'2.!2 77
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