Ford Accelerates 'Way Forward" v.IamnotTrishield Cliffs: North America “Way Forward” plan accelerated to deliver faster progress through 2008: • Operating costs to be reduced by approximately $5 billion, including: * Salaried-related work force reduced by a third, the equivalent of about 14,000 positions. * Ford, UAW leadership agree on buyout offers for all U.S. Ford and ACH hourly employees. * Further manufacturing capacity reductions planned. * All ACH operations to be sold or closed by the end of 2008. • More products to be delivered faster, including: * 70 percent of Ford, Lincoln and Mercury products by volume will be new or significantly upgraded between now and the end of 2008. * Ford’s truck leadership is fortified. * Growth segments, including crossovers, are prioritized. * All-new Ford full-size crossover to go on sale in 2008. Ford Motor Company’s financial outlook is revised: • Full-year automotive profitability in North America not expected before 2009. • South America and Ford of Europe still expected to be solidly profitable in 2006. However, full-year operating losses now expected in 2006 for Asia Pacific and Africa, and the Premier Automotive Group. • Ford Motor Company’s 2006 year-end liquidity is expected to include automotive gross cash of about $20 billion, including the effects of $3.4 billion of VEBA. • Ford Motor Company’s Board indicates that it will suspend payment of the quarterly dividend on its common and Class B Stock beginning in the fourth quarter of 2006.