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98 Ford Motor Company | 2012 Annual Report
FORD MOTOR COMPANY AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
NOTE 11. EQUITY IN NET ASSETS OF AFFILIATED COMPANIES
We use the equity method of accounting for our investments in entities over which we do not have control, but over
whose operating and financial policies we are able to exercise significant influence.
Ownership Percentages and Investment Balances
The following table reflects our ownership percentages and carrying value of equity method investments (in millions,
except percentages):
Ownership
Percentage Investment Balance
Automotive Sector
December 31,
2012
December 31,
2012
December 31,
2011
Changan Ford Automobile Corporation, Ltd ("CAF") (a) 50.0% $ 990 $ —
Changan Ford Mazda Automobile Corporation, Ltd ("CFMA") (a) — — 468
Jiangling Motors Corporation, Ltd 30.0 419 373
AutoAlliance International, Inc ("AAI") (a) — — 372
Ford Otomotiv Sanayi Anonim Sirketi ("Ford Otosan") 41.0 394 369
AutoAlliance (Thailand) Co., Ltd. 50.0 391 367
FordSollers Netherlands B.V. ("FordSollers") (a) 50.0 407 361
Getrag Ford Transmissions GmbH ("GFT") 50.0 242 229
Ford Romania S.A. ("Ford Romania") (b) 100.0 63 92
Tenedora Nemak, S.A. de C.V. 6.8 73 68
Changan Ford Mazda Engine Company, Ltd. 25.0 50 33
DealerDirect LLC 97.7 25 18
OEConnection LLC 50.0 20 13
Percepta, LLC 45.0 9 7
Blue Diamond Truck, S. de R.L. de C.V. 25.0 11 7
Ford Performance Vehicles Pty Ltd. 49.0 5 6
Blue Diamond Parts, LLC 25.0 4 4
Automotive Fuel Cell Cooperation Corporation 30.0 5 4
Other Various 4 6
Total Automotive sector 3,112 2,797
Financial Services Sector
Forso Nordic AB 50.0 71 71
FFS Finance South Africa (Pty) Limited 50.0 39 43
RouteOne LLC 30.0 20 15
CNF-Administradora de Consorcio Nacional Ltda. 33.3 4 10
Total Financial Services sector 134 139
Total Company $ 3,246 $ 2,936
__________
(a) See Note 25 for additional information.
(b) Although we manage the day-to-day operations for Ford Romania, through December 31, 2012 the Romanian government contractually maintained
the ability to influence key decisions regarding the business, including implementation of the business plan, employment levels, and capital
expenditure and investment levels. As a result, we did not consolidate our investment in Ford Romania as of year-end 2012.
We received $610 million, $316 million, and $337 million of dividends from these affiliated companies for the years
ended December 31, 2012, 2011, and 2010, respectively.