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“Finance our plan and improve our balance sheet”An Excerpt fromFORD MOTOR COMPANY BUSINESS PLANSUBMITTED TO THESENATE BANKING COMMITTEE

December 2, 2008

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III. Finance our plan and improve our balance sheet

The third pillar of our Plan is to finance the Plan and improve our balance sheet.As noted, we worked to obtain financing for our Plan by going to the markets inDecember 2006 to raise $23.5 billion in liquidity, consisting of $18.5 billion of seniorsecured debt and credit facilities, secured by substantially all of our domestic assets,and $5 billion of convertible debt.In addition, in 2006, we eliminated common stock dividends and in 2007 and2008 we issued more than $3 billion in new equity (debt exchanges and directissuances), sold Aston Martin, Jaguar, Land Rover and the majority of our investment inMazda.At Ford Credit, and in light of the frozen capital markets, we have recently become morereliant on committed securitization capacity from banks and have embarked uponaggressive plans to develop new funding products. We are eligible for and areparticipating in funding programs from the European Central Bank and, more recently,the Federal Reserve

s Commercial Paper Funding Facility (CPFF). We have providedfeedback to the Federal Reserve and Treasury on their newest program (Term AssetBacked Securities Loan Facility) in hopes that changes can be implemented that, in ourview, will result in better financing support for our U.S. customers and dealers.We also filed an Industrial Loan Company application with the FDIC earlier this year andwe are hopeful that a favorable response will soon be forthcoming so we can diversifyour funding capability and eliminate the competitive disadvantage created by certaincompetitors operating Industrial Loan Companies.Looking forward to 2009 and beyond, we intend to explore strategic alternatives for ourVolvo business, including divestiture. We also intend to raise further equity capital whenmarkets re-open and our business begins to improve, and we would explore balancesheet restructuring over time.