SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 11-K
(Mark One)
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
__X__ SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the fiscal year ended December 30, 2000
OR
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
_____ SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from ________________ to ________________
Commission file number 1-3950
FORD MOTOR COMPANY SAVINGS AND STOCK
INVESTMENT PLAN FOR SALARIED EMPLOYEES
(Full title of the plan)
FORD MOTOR COMPANY
One American Road
Dearborn, Michigan 48126
(Name of issuer of the securities held
pursuant to the plan and the address of
its principal executive office)
2
Required Information
--------------------
Financial Statements and Schedules
----------------------------------
Statement of Net Assets Available for Plan Benefits, as of December 30,
2000 and December 30, 1999.
Statement of Changes in Net Assets Available for Plan Benefits for the year
ended December 30, 2000.
Schedule I - Schedule of Assets Held for Investment Purposes as of December
30, 2000.
Schedule II - Reportable Transactions for the year ended December 30, 2000.
Exhibit
-------
Designation Description Method of Filing
----------- ----------- ----------------
Exhibit 23 Consent of PricewaterhouseCoopers LLP Filed with this Report.
Signature
---------
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Ford Motor Company Savings and Stock Investment Plan for Salaried Employees
Committee has duly caused this Annual Report to be signed by the undersigned
thereunto duly authorized.
SAVINGS AND STOCK INVESTMENT PLAN
FOR SALARIED EMPLOYEES
By: /s/Molly Scott
----------------------------------
Molly Scott, Member
Savings and Stock Investment
Plan for Salaried Employees Committee
June 18, 2001
3
EXHIBIT INDEX
--------------
Sequential
Page Number
Designation Description at Which Found
----------- ----------- --------------
Exhibit 23 Consent of PricewaterhouseCoopers LLP
Ford Motor Company
Savings and Stock
Investment Plan for Salaried
Employees
Report on Audits of Financial Statements and
Supplemental Schedules
For the Years Ended December 30, 2000 and 1999
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Contents
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Page(s)
Report of Independent Accountants........................................................1
Financial Statements
Statement of Net Assets Available for Plan Benefits as of
December 30, 2000 and 1999..............................................................2
Statement of Changes in Net Assets Available for Plan
Benefits for the Year Ended December 30, 2000...........................................3
Notes to Financial Statements.........................................................4-10
Additional Information
Schedule I - Schedule of Assets Held for Investment Purposes as of
December 30, 2000...................................................................11-12
Schedule II - Reportable Transactions for the Year Ended December 30, 2000..............13
Report of Independent Accountants
To the Board of Directors of
Ford Motor Company
In our opinion, the accompanying statements of net assets available for benefits
and the related statements of changes in net assets available for benefits
present fairly, in all material respects, the net assets available for benefits
of Ford Motor Company Savings and Stock Investment Plan (the "Plan") at December
30, 2000 and 1999, and the changes in net assets available for benefits for the
year ended December 30, 2000, in conformity with accounting principles generally
accepted in the United States of America. These financial statements are the
responsibility of the Plan's management; our responsibility is to express an
opinion on these financial statements based on our audits. We conducted our
audits of these statements in accordance with auditing standards generally
accepted in the United States of America, which require that we plan and perform
the audit to obtain reasonable assurance about whether the financial statements
are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements,
assessing the accounting principles used and significant estimates made by
management, and evaluating the overall financial statement presentation. We
believe that our audits provide a reasonable basis for our opinion.
Our audits were conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of Assets Held
for Investment Purposes and Reportable Transactions are presented for the
purpose of additional analysis and are not a required part of the basic
financial statements but are supplementary information required by the
Department of Labor's Rules and Regulations for Reporting and Disclosure under
the Employee Retirement Income Security Act of 1974. These supplemental
schedules are the responsibility of the Plan's management. The supplemental
schedules have been subjected to the auditing procedures applied in the audits
of the basic financial statements and, in our opinion, are fairly stated in all
material respects in relation to the basic financial statements taken as a
whole.
June 4, 2001
1
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Statement of Net Assets Available for Plan Benefits
As of December 30, 2000 and 1999
-------------------------------------------------------------------------------
2000 1999
Assets
Investments, at fair value $12,925,071,754 $15,434,400,096
Loan funds receivable 127,427,611 143,204,943
--------------- ---------------
Total assets $13,052,499,365 $15,577,605,039
--------------- ---------------
Liabilities
Employee stock ownership plan, loan payable $ 298,894,713 $ 505,649,084
Employee stock ownership plan, interest payable $ 1,744,735 1,282,101
--------------- ---------------
Total liabilities $ 300,639,448 $ 506,931,185
--------------- ---------------
Net assets available for plan benefits $12,751,859,917 $15,070,673,854
--------------- ---------------
The accompanying notes are an integral part of the financial statements.
2
Statement of Changes in Net Assets Available for Plan Benefits
For the Year Ended December 30, 2000
-------------------------------------------------------------------------------
Nonparticipant-
Directed Fund
-------------
Ford Stock Participant-
Fund Directed Funds Total
Additions
Additions to net assets attributed to
Interest and dividend income $ 731,724,942 $ 381,177,391 $ 1,112,902,333
--------------- --------------- ---------------
$ 731,724,942 $ 381,177,391 $ 1,112,902,333
Contributions
Employee contributions 143,389,271 214,796,627 358,185,898
Company contributions on behalf of
employees 3,402,098 13,058,136 16,460,234
Company matching 155,526,988 1,170,926 156,697,914
--------------- --------------- ----------------
302,318,357 229,025,689 531,344,046
Other additions
Loan repayment (principal) 30,751,396 (30,751,396) -
Loan repayment (interest) 5,238,821 5,290,829 10,529,650
Transfers in from other plan 11,246 401,661 412,907
--------------- --------------- ----------------
36,001,463 (25,058,906) 10,942,557
Total additions 1,070,044,762 585,144,174 1,655,188,936
Deductions
Deductions from net assets attributed to
Net depreciation in fair value of
investments $(1,862,082,375) $ (715,381,504) $ (2,577,463,879)
Withdrawal of participants' accounts (317,332,995) (537,366,187) (854,699,182)
Net transfers between funds (230,965,689) 230,965,689 -
Loan funds transferred (out) in (24,301,488) 23,899,825 (401,663)
Administrative expense - (2,318,308) (2,318,308)
Interest expense (27,375,289) - (27,375,289)
Transfer out to other plans (262,867,358) (248,877,194) (511,744,552)
--------------- -------------- ----------------
Total deductions (2,724,925,194) (1,249,077,679) (3,974,002,873)
--------------- -------------- ----------------
Net decrease (1,654,880,432) (663,933,505) (2,318,813,937)
--------------- -------------- ----------------
Net assets available for benefits
Begining of year 7,969,359,481 7,101,314,373 15,070,673,854
--------------- --------------- ----------------
End of year $ 6,314,479,049 $ 6,437,380,868 $ 12,751,859,917
--------------- --------------- ----------------
The accompanying notes are an integral part of the financial statements.
3
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
1. Description of the Plan
The following description of the Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees (the "Plan") provides only general
information. The Plan was established effective February 1, 1956. The
provisions of the Plan are governed in all respects by the detailed terms
and conditions contained in the plan agreement. Participants should refer
to the plan agreement for a complete description of the Plan's
provisions.
Type and purpose of the plan
The Plan is a defined contribution plan established to encourage and
facilitate systematic savings and investment by eligible salaried
employees of Ford Motor Company (the "Company") and to provide them with
an opportunity to become stockholders of the Company. The Plan includes
provisions for voting shares of Company stock. It is subject to certain
provisions of the Employee Retirement Income Security Act of 1974
("ERISA") applicable to defined contribution pension plans.
Eligibility
With certain exceptions, regular full-time salaried employees are
eligible to participate in the Plan twelve months after their original
date of hire. Certain other part-time and temporary employees also may be
eligible to participate in the Plan. Participation in the Plan is
voluntary.
Contributions
The Plan has both a Pre-Tax Program and an After-Tax Program. Under the
Plan and subject to limits required to be imposed by the Internal Revenue
Code, participants may elect a reduction in their pre-tax base salary up
to 15%. Participants may also elect reductions in their distributions
under the Company's Performance Bonus Plan and Flexible Compensation
Account program. A contribution in an amount corresponding to each
reduction is made by the Company on their behalf to the Plan. Such
contributions are excluded from the participants' taxable income and are
classified as Company contributions on behalf of employees. Subject to
limitations imposed by the Internal Revenue Code, participants may also
contribute up to 10% of their base monthly salaries to the Plan on an
after-tax basis. These after-tax contributions are classified as employee
contributions. The investment programs are the same for all savings
contributions.
The Company matches at the rate of $.60 for each dollar of contributions
up to 10% of participants' base salaries. All Company matching
contributions are invested in the Ford Stock Fund. Contributions to the
Pre-Tax Program from the Performance Bonus Plan and Flexible Compensation
Account Program are not eligible for the Company match.
Participant accounts
Each participant's account is credited with the participant's
contributions and allocations of (a) the Company's contribution and (b)
plan earnings. Allocations are based on participant earnings or account
balances, as defined. Plan administrative expenses are paid by the
Company and not charged to participants' accounts. Per the plan
agreement, certain fund options charge redemption fees on transfers of
funds which are paid by the participants. These redemption fees are
charged to the individual participant account fund assets. The fees
totaled approximately $386,000 and $173,000 for the years ended December
31, 2000 and 1999, respectively. The benefit to which a participant is
entitled is the benefit that can be provided from the participant's
vested account.
4
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
1. Description of the Plan (continued)
Vesting and distributions
Pre-Tax Program assets, After-Tax Program assets and assets resulting
from Company matching contributions (Ford Stock Fund) are accounted for
separately.
Company matching contributions vest five years after the original date of
hire. At that time, all assets attributable to Company matching
contributions held in participants' accounts become vested, and all
future contributions vest when they are made.
Pre-Tax Program assets may not be withdrawn by participants until the
termination of their employment or until they reach age 59-1/2, except in
the case of personal financial hardship.
Investment options and participation
Participant contributions are invested in accordance with the
participant's election in one or more of several investment options. The
types of investment options, and the number of participants in each
option at December 30, 2000, are as follows:
Participants
Ford Stock Fund 64,765
Interest Income Fund 29,658
Common Stock Fund 17,223
Other 169,624
The Ford Stock Fund is an investment in Ford common stock with a portion
of the Fund's assets being invested in short-term investments.
The Interest Income Fund is a broadly diversified, stable value
investment fund. The Interest Income Fund invests in a diversified
portfolio of fixed income securities, including investment contracts with
insurance companies and other organizations. During 2000 and 1999, the
Plan entered into five benefit-responsive investment contracts with
various companies. The contracts are included in the financial statements
at their contract values as reported to the Plan by the companies. There
is no immediate recognition of investment gains and losses on the fixed
income securities. Instead, the gain or loss is recognized over time by
adjusting the interest rate credited to the fund under the contracts.
There were no reserves against contract value for credit risk of the
contract issuer or otherwise during 2000 or 1999. The average yield and
crediting interest rates were approximately 6.16% for 2000 and 5.73% for
1999. The crediting interest rate is based on a formula agreed upon with
the issuer, but may not be less than 0%. Such interest rates are reviewed
on an annual basis for resetting.
The Common Stock Fund is a broadly diversified, passively managed equity
fund administered by Comerica Bank. Fund assets are invested in stocks
through a series of Comerica Bank commingled pools.
Details of investments held as of December 30, 2000 are set forth in
Schedule I - Schedule of Assets Held for Investment Purposes.
5
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
1. Description of the Plan (continued)
Transfer of assets
The Plan permits the transfer of assets among investment options, with
certain restrictions related to transfers from the Stable Value Income
Fund.
Loans
The Plan permits loans to participants from both their Pre-Tax and
After-Tax Program accounts with certain restrictions related to loans
from the Stable Value Income Fund. Monthly loan interest rates are based
on the prime rate published in The Wall Street Journal.
Forfeitures and plan administration expenses
The Plan permits the Company to use assets forfeited by participants to
pay plan administrative expenses and, to the extent not used to pay such
expenses, to reduce the Company's future contributions to the Plan. To
the extent that forfeited assets are not available to pay certain
administrative expenses, the Company pays such expenses directly. Plan
administration expenses amounted to approximately $1,933,000 and
$1,960,000 for the years ended December 30, 2000 and 1999, respectively,
of which approximately $1,371,000 and $1,430,000, respectively, was paid
with participant forfeitures.
Employee stock ownership plan
The Plan operates, in part, as a leveraged employee stock ownership plan
(ESOP) and is designed to comply with Section 4975 (e) (7) and the
regulations thereunder of the Internal Revenue Code of 1986, as amended
(Code) and is subject to the applicable provisions of the Employee
Retirement Income Security Act of 1974, as amended (ERISA).
The Plan purchased Company common shares using the proceeds of loans
from the Company and held the shares in an ESOP trust account established
under the Plan. The borrowings are to be repaid quarterly over the period
ended December 3, 2001.
As the Plan makes each payment of principal, an appropriate percentage of
stock will be allocated to eligible employee accounts. The shares vest
fully upon allocation. The borrowings are collateralized by the
unallocated shares of stock.
2. Summary of Significant Accounting Policies
Basis of accounting
The financial statements of the Plan are prepared under the accrual
method of accounting.
Investments
The investment in the Ford Stock Fund and the investments in all other
funds except the Stable Value Income Fund are valued on the basis of
established year-end market prices. Investments in the Stable Value
Income Fund, primarily fixed rate insurance contracts, are stated at
contract value, which approximates fair value.
Contributions
Contributions to the Plan from employees and from the Company and
participating subsidiaries (as defined in the Plan) are recorded in the
period that payroll deductions are made from plan participants.
6
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
2. Summary of Significant Accounting Policies (continued)
Payment of benefits
Benefits are recorded when paid.
Use of estimates in the preparation of financial statements
The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and disclosure of
contingent assets and liabilities at the date of the financial statements
and the reported amounts of additions and deductions during the reporting
period. Actual results could differ from those estimates.
Risks and uncertainties
The Plan's invested assets ultimately consist of stocks, bonds, fixed
income securities, and other investment securities. Investment securities
are exposed to various risks, such as interest rate, market and credit.
Due to the level of risk associated with certain investment securities
and the level of uncertainty related to changes in the value of
investment securities, it is at least reasonably possible that changes in
risks in the near term would materially affect participants' account
balances and the amounts reported in the statement of net assets
available for plan benefits and the statement of changes in net assets
available for plan benefits.
Other
Purchases and sales of investments are reflected on a trade-date basis.
Realized gains and losses on sales of investments are determined using
specific identification.
Dividend income is recorded on the ex-dividend date. Income from other
investments is recorded as earned on an accrual basis.
3. Investments
The following present investments that represent 5% or more of the Plan's
net assets:
2000 1999
Interest Income Fund $1,676,659,606 $1,872,912,595
Ford Stock Fund 6,314,479,062 7,969,359,481
Common Stock Fund 1,166,378,566 1,430,806,664
The Plan presents in the statement of changes in net assets available for
Plan benefits the net appreciation (depreciation) in the fair value of
its investments which consists of the Plan's realized gains or losses and
the unrealized appreciation (depreciation) on those investments. During
2000, the Plan's investments depreciated in value by $2,577,463,879 as
follows:
Mutal Funds $ 797,800,949
Common stock 1,625,582,857
Common and comingled trust fund 154,080,073
--------------
$2,577,463,879
--------------
7
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
4. Plan Amendment
During 1999, the Plan was amended to reduce the participation waiting
period from twelve months after the original date of hire to the first day
of the second month following the date of hire, effective January 1, 2000.
The Company matching contributions, however, will continue to be provided
after twelve months of service. The Plan was also amended to permit
participants to contribute up to 25% of salary on either or both a pre-tax
or after-tax basis, effective April 1, 2000.
5. Employee Stock Ownership Plan
Effective January 1, 1989, the Company, by action of the Board of
Directors, established within the Plan an ESOP. All shares of Company stock
in the Plan at any time, including all shares allocated to participants'
accounts and shares held in an ESOP suspense account, and forfeited shares
are included in the ESOP, along with other assets attributable to post-1988
contributions to the Plan.
The Plan obtained loans from the Company to purchase shares of company
stock for quarterly allocation. The following summarizes the loans taken
out by the Plan:
Original Total Number of Date of
principle Interest quarterly quarterly first
Date of loan balance rate payments payments payment
6/7/00 $ 54,700,000 6.52% $ 55,333,061 1 8/10/00
6/28/00 221,200,000 6.54% 5,489,358 7 8/10/00
8/31/00 407,490,000 7.04% 72,592,927 6 9/1/00
12/17/99 505,649,084 6.52% 67,817,343 8 03/01/00
11/25/98 26,403,776 5.00% 5,418,883 5 12/01/98
08/27/98 107,797,613 5.72% 18,629,451 6 09/01/98
12/30/97 293,053,220 8.50% 39,999,202 8 03/02/98
All loans were either paid off or matured prior to December 31, 2000,
except the June 28, 2000 and August 31, 2000 loans which both mature
December 3, 2001.
The Company shares are held in a suspense account within the Plan until
quarterly loan payments are made. A percentage of shares equivalent to
the percentage of principal and interest paid down by the quarterly
payment are released for distribution when each quarterly dividend
payment is made. The trustee purchases additional shares to the extent
that shares released from the suspense account are not adequate to
satisfy the requirement for dividend shares allocated to participants'
accounts. As of December 30, 2000 and 1999, the share activity is as
follows:
2000 1999
Allocated Unallocated Allocated Unallocated
Ford Motor Company common shares
Number of shares 27,842,832 11,700,442 5,338,419 2,709,700
Cost $ 961,755,288 $ 278,510,030 $ 246,807,955 $ 140,385,247
8
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
5. Employee Stock Ownership Plan (continued)
Cash dividends earned on Company stock held in the Plan generally are
used to make quarterly loan payments. If cash is not available to make
the full payment, the trustee may sell shares held in the suspense
account or the Company, at its option, may elect to make additional
contributions to the Plan. If cash exceeds the loan payment amounts, the
cash is used to reduce the Company's contribution for additional share
requirements.
The following highlights certain ESOP activity:
2000
loan activity
Shares purchased with loan cash 39,543,274
Cost of shares purchased with loan cash $ 1,240,265,318
Loan principal paid 890,144,371
Loan interest paid 26,495,157
6. Tax Status
The Internal Revenue Service ("IRS") has determined and informed the
Company by letter dated December 13, 1995, that the Plan and the related
trust are designed in accordance with applicable sections of the Internal
Revenue Code (the "Code"). The Plan has since been amended, however, the
Plan sponsor has applied for an updated IRS letter. The Plan is currently
designed and being operated in compliance with the Code. Therefore, no
provision for income taxes has been included in the Plan's financial
statements.
7. Plan Termination
The Company, by action of the Board of Directors, may terminate the Plan
at any time. Termination of the Plan would not affect the rights of a
participant as to (a) the continuance of investment, distribution or
withdrawal of the securities, cash and cash value of the Ford Stock Fund
units in the account of the participant as of the effective date of such
termination, or (b) continuance of vesting of such securities and cash
attributable to Company matching contributions or earnings thereon. There
are currently no plans to terminate the Plan.
8. Other
To conform the financial statements to the accrual basis of accounting,
the plan administrator made adjustments resulting in differences between
the data shown on page 2 of this report and the 1999 Form 5500 filed
with the Department of Labor.
On August 7, 2000, the Company announced the final results of its
recapitalization, known as the Value Enhancement Plan ("VEP"). Under the
VEP, Ford shareholders exchanged each of their old Ford Common or Class B
shares for one new Ford Common or Class B share, as the case may be, plus
at their election, either $20 in cash, 0.748 additional new Ford Common
shares, or a combination of $5.17 in cash and 0.555 additional new Ford
Common shares. As a result of the elections made by shareholders under
the VEP, the total cash elected was $5.7 billion and the total number of
new Ford Common and Class B shares that became issued and outstanding was
1.893 billion.
9
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
8. Other (continued)
On June 28, 2000, Ford distributed 130 million shares of Visteon
Corporation ("Visteon"), which represented its 100% ownership interest,
by means of a tax-free spin-off in the form of a dividend on Ford Common
and Class B Stock.
Holders of Ford Common and Class B Stock on the record date received
0.130933 shares of Visteon common stock for each share of Ford stock, and
participants in U.S. employee savings plans on the record date received
$1.72 in cash per share of Ford stock, based on the volume-weighted
average price of Visteon stock of $13.1326 per share on June 28, 2000.
The total value of the distribution (including the $365 million cash
dividend) was $2.1 billion, or $1.72 per diluted share of Ford stock.
10
Ford Motor Company Savings and Stock Additional Information
Investment Plan for Salaried Employees Schedule I
Schedule of Assets Held for Investment Purposes
As of December 30, 2000
-----------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (d) (e)
Description of investment
Identity of issuer, including maturity date,
lessor, borrower or rate of interest, collateral,
similar party par or maturity value Cost** Current value
* Fidelity Investments Interest Income Fund, 1,676,659,606 units $ - $ 1,676,659,606
* Fidelity Investments T. Rowe Price Spectrum Growth Fund,
704,189 units 11,069,853
* Fidelity Investments Scudder International Fund, 632,434 units 31,817,733
* Fidelity Investments Vanguard LifeStrategy Conservative
Growth Fund, 618,513 units 9,092,142
* Fidelity Investments Domini Social Equity Fund, 42,185 units 1,456,368
* Fidelity Investments T. Rowe Price Spectrum Income Fund,
1,466,702 units 15,796,384
* Fidelity Investments Vanguard LifeStrategy Moderate
Growth Fund, 568,535 units 9,801,541
* Fidelity Investments T. Rowe Price New Horizons Funds, 3,780,935 units 90,326,527
* Fidelity Investments Scudder Global Fund, 419,061 units 11,197,307
* Fidelity Investments Vanguard LifeStrategy Growth Fund,
575,770 units 11,279,337
* Fidelity Investments T. Rowe Price International Stock Fund,
2,564,498 units 37,236,508
* Fidelity Investments Scudder Global Discovery Fund, 859,582 units 26,844,756
* Fidelity Investments T. Rowe Price International Discovery
Fund, 1,647,530 units 41,929,644
* Fidelity Investments Scudder Income Fund, 400,921 units 5,027,555
* Fidelity Investments T. Rowe Price New Asia Fund, 2,153,429 units 14,858,661
* Fidelity Investments Scudder Growth and Income Fund, 1,039,858 units 25,112,580
* Fidelity Investments Vanguard Growth Index Fund, 5,582,025 units 170,698,328
* Fidelity Investments T. Rowe Price High Yield Fund, 2,952,098 units 20,487,559
* Fidelity Investments Scudder Greater Europe Growth Fund,
1,920,498 units 59,631,456
* Fidelity Investments Vanguard Explorer Fund, 755,754 units 45,413,248
* Fidelity Investments T. Rowe Price New Era Fund, 332,929 units 8,090,170
* Fidelity Investments Scudder Japan Fund, 2,054,275 units 20,522,205
* Fidelity Investments Vanguard International Value Fund, 188,068 units 4,895,400
* Fidelity Investments T. Rowe Price Latin America Fund, 1,096,572 units 10,483,224
* Fidelity Investments Vanguard Value Index Fund, 1,314,307 units 30,058,208
* Fidelity Investments Vanguard Investment Index Plus Fund, 3,208,660
units 387,349,483
* Barclays Global Investors Bond Fund, 3,922,597 units 66,370,333
* Ford Motor Company Ford Stock Fund, 749,938,131 units 6,314,479,062
* Comerica Bank, N. A. Common Stock Fund, 17,274,564 units 1,166,378,566
* Fidelity Investments Fidelity Funds, 2,289,135 units 74,992,073
* Fidelity Investments Fidelity Puritan Fund, 1,508,644 units 28,407,762
* Fidelity Investments Fidelity Trend Fund, 88,458 units 4,989,922
* Fidelity Investments Fidelity Magellan Fund, 2,836,971 units 338,450,658
* Fidelity Investments Fidelity Contrafund, 7,106,628 units 349,432,905
* Fidelity Investments Fidelity Equity-Income Fund, 1,108,012 units 59,201,084
* Fidelity Investments Fidelity Growth Company Fund, 6,098,836 units 435,639,889
* Fidelity Investments Fidelity Investment Grade Bond Fund,
4,257,063 units 30,480,570
* Fidelity Investments Fidelity Growth and Income Portfolio,
5,793,928 units 243,924,385
* Fidelity Investments Fidelity Value Fund, 801,900 units 37,168,069
* Fidelity Investments Fidelity Government Income Fund, 3,103,327 units 30,629,836
* Fidelity Investments Fidelity Retirement Growth Fund, 7,004,475 units 154,168,501
11
Ford Motor Company Savings and Stock Additional Information
Investment Plan for Salaried Employees Schedule I
Schedule of Assets Held for Investment Purposes
As of December 30, 2000
-----------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (d) (e)
Description of investment
Identity of issuer, including maturity date,
lessor, borrower or rate of interest, collateral,
similar party par or maturity value Cost** Current value
* Fidelity Investments Fidelity Overseas Fund, 756,535 units 26,002,111
* Fidelity Investments Fidelity Europe Fund, 743,247 units 22,126,476
* Fidelity Investments Fidelity Pacific Basin Fund, 829,619 units 14,344,117
* Fidelity Investments Fidelity Real Estate Investment Portfolio Fund,
1,130,492 units 20,914,102
* Fidelity Investments Fidelity Balanced Fund, 706,112 units 11,546,095
* Fidelity Investments Fidelity International Growth and Income Fund,
377,286 units 8,571,945
* Fidelity Investments Fidelity Capital Appreciation Fund, 1,236,789 units 27,493,811
* Fidelity Investments Fidelity Canada Fund, 435,274 units 9,149,462
* Fidelity Investments Fidelity Utilities Fund, 2,022,105 units 32,535,666
* Fidelity Investments Fidelity Asset Manager, 1,242,276 units 20,895,085
* Fidelity Investments Fidelity Worldwide Fund, 903,163 units 14,116,444
* Fidelity Investments Fidelity Stock Selector, 1,300,846 units 32,313,018
* Fidelity Investments Fidelity Asset Manager Growth, 1,437,411 units 22,869,215
* Fidelity Investments Fidelity Asset Manager Income, 1,069,948 units 12,550,489
* Fidelity Investments Fidelity Dividend Growth Fund, 6,311,357 units 189,088,266
* Fidelity Investments Fidelity New Markets Income Fund, 1,081,934 units 12,323,231
* Fidelity Investments Fidelity Global Balanced Fund, 165,477 units 2,884,257
* Fidelity Investments Fidelity Small Capital Selector Fund, 1,929,546 units 31,316,539
* Fidelity Investments Fidelity International Bond Fund, 184,519 units 1,542,579
* Participant Loans Participant loans, interest rates varying from
6 to 12.5 percent 127,427,611
------------------
$ 12,751,859,917
------------------
Note: The current values of each fund are based principally upon the closing
prices of the underlying investments as reported in the New York Stock Exchange
Transactions listing as of the last trading day of 2000. Current values also
include interest and dividends receivable.
*Denotes party-in-interest
** Cost for participant directed funds are not required per Department of Labor
Reporting
12
Ford Motor Company Savings and Stock Additional Information
Investment Plan for Salaried Employees Schedule II
Schedule of Reportable Transactions
For the Year Ended December 30, 2000
-----------------------------------------------------------------------------------------------------------------------------------
Identity of Description Purchase Selling Lease Expenses Cost of Current value Net gain
party involved of asset price price rental incurred asset of asset or (loss)
REPORTING Single transaction in
CRITERION I excess of five percent
of current value of
plan assets.
None.
REPORTING Series of transactions
CRITERION II in other than securities
in excess of five percent
of current value of plan
assets.
None.
REPORTING Series of transactions
CRITERION III in securities in excess
of five percent of
current value of plan
assets.
None.
REPORTING Single transactions with a nonregu-
CRITERION IV lated entity in excess of five percent
of current value of plan assets.
None.
13