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, 2002
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,
2002 and December 30, 2001.
Statement of Changes in Net Assets Available for Plan Benefits for the year
ended December 30, 2002.
Schedule I - Schedule of Assets Held for Investment Purposes as of December
30, 2002.
Schedule II - Reportable Transactions for the year ended December 30, 2002.
Exhibit
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Designation Description Method of Filing
----------- ----------- ----------------
Exhibit 23 Consent of PricewaterhouseCoopers LLP Filed with this Report.
Exhibit 99 Certification of Chair of Savings Plan
Committee Pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002 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/Charles E. Corbett
--------------------------------
Charles E. Corbett, Chair
Savings and Stock Investment
Plan for Salaried Employees Committee
June 23, 2003
3
EXHIBIT INDEX
--------------
Sequential
Page Number
Designation Description at Which Found
----------- ----------- --------------
Exhibit 23 Consent of PricewaterhouseCoopers LLP
Exhibit 99 Certification of Chair of Savings Plan
Committee Pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002
Ford Motor Company
Savings and Stock
Investment Plan for Salaried
Employees
Financial Statements and Supplemental Schedules
December 30, 2002 and 2001
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Contents
December 30, 2002 and 2001
--------------------------------------------------------------------------------
Page(s)
Report of Independent Accountants..............................................1
Financial Statements
Statement of Net Assets Available for Benefits as of
December 30, 2002 and 2001....................................................2
Statement of Changes in Net Assets Available for
Benefits for the Year Ended December 30, 2002.................................3
Notes to Financial Statements................................................4-9
Supplemental Schedules*
Schedule I - Schedule of Assets Held at End of Year
as of December 30, 2002...................................................10-11
Schedule II - Reportable Transactions for the Year Ended December 30, 2002....12
* All other schedules required by 29 CFR 2520.103-10 are not included because
they are not applicable.
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 statement 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 for Salaried Employees
(the "Plan") at December 30, 2002 and 2001, and the changes in net assets
available for benefits for the year ended December 30, 2002, 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
at End of Year as of December 30, 2002 and Reportable Transactions for the year
ended December 30, 2002 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.
/s/PricewaterhouseCoopers LLP
June 16, 2003
1
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Statement of Net Assets Available for Benefits
December 30, 2002 and 2001
--------------------------------------------------------------------------------
2002 2001
Assets
Investments, at fair value $ 7,555,540,224 $10,235,362,692
Participant loans 108,745,496 120,660,478
-------------------- --------------------
Total assets 7,664,285,720 10,356,023,170
-------------------- --------------------
Assets available for benefits $ 7,664,285,720 $10,356,023,170
-------------------- --------------------
The accompanying notes are an integral part of these financial statements.
2
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Statement of Changes in Net Assets Available for Benefits
Year Ended December 30, 2002
--------------------------------------------------------------------------------
Additions
Interest and dividend income $ 244,425,983
--------------------
244,425,983
Contributions
Employee contributions 304,065,343
--------------------
304,065,343
Other additions
Loan repayment interest 7,386,496
--------------------
7,386,496
--------------------
Total additions 555,877,822
--------------------
Deductions
Net depreciation in fair value of investments (2,398,739,493)
Withdrawal of participants' accounts (842,252,214)
Administrative expense (797,092)
Net transfer (to) from other plans (5,826,473)
--------------------
Total deductions (3,247,615,272)
--------------------
Net decrease (2,691,737,450)
--------------------
Net assets available for benefits
Beginning of year 10,356,023,170
--------------------
End of year $ 7,664,285,720
--------------------
The accompanying notes are an integral part of these financial statements.
3
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Notes to Financial Statements
December 30, 2002 and 2001
--------------------------------------------------------------------------------
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.
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 on the first day of the second month
following the original date of hire. Any applicable Company matching
contributions however, will be provided after twelve months of service.
Certain other part-time and temporary employees also may be eligible to
participate in the Plan. Participation in the Plan is voluntary.
Contributions
Participants can contribute to the Plan on both a pre-tax and after-tax
basis. Under the Plan and subject to limits required by the Internal
Revenue Code ("IRC") participants may elect to contribute up to an
aggregate 40 percent of their eligible wages to pre-tax and/or after-tax.
Participants may also elect reductions in their distributions under the
Company's Performance Bonus Plan, Ford Financial (Annual) Variable
Incentive Plan, and Flexible Compensation Account. A contribution in an
amount corresponding to each election is made by the Company to the Plan
on the participants' behalf. Subject to IRC limits, pre-tax contributions
are excluded from the participants' federal and most state and local
taxable income.
For the year ended December 30, 2001, the Company matched at the rate of
$.60 for each dollar of contributions up to 10 percent of participants'
base salaries. All Company matching contributions were invested in the
Ford Stock Fund. Contributions to the Pre-Tax Program from the
Performance Bonus Plan, Ford Financial (Annual), Variable Incentive Plan
and Flexible Compensation Account Program were not eligible for the
Company match. Effective January 1, 2002, the Company match was
suspended.
Subject to Ford Motor Company approval, participants may elect to roll
over amounts from other qualifying plans or arrangements in accordance
with the Internal Revenue Code. For the year ended December 31, 2002,
transfers from other qualifying plans or arrangements amounted to
$8.5 million, which are shown as employee contributions in the statements
of changes in net assets available for plan benefits.
Net transfers are principally dividends paid to participants in the Ford
Common Stock Fund who have elected to receive the dividend in the form of
cash instead of purchasing additional shares.
4
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Notes to Financial Statements
December 30, 2002 and 2001
--------------------------------------------------------------------------------
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. The Company generally pays administrative expenses
and fees of the Ford Stock Fund and the management fees of the Common
Stock Index Fund and Bond Index Fund. All other fees and expenses are
deducted from participant account fund assets. The fees charged to
individual participant account fund assets totaled approximately $166,396
for the year ended December 30, 2002.
Vesting and Distribution
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. In-service withdrawals of
vested Company match contributions are permissible for participants who
are at least 59 1/2. Withdrawal of such contributions for participants
less than 59 1/2 is limited to those contributions that have been in the
Plan for two years following the end of the year in which the
contributions were 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, death or permanent disability.
Unmatched after-tax program assets can be withdrawn at any time without
restriction. Withdrawal of matched after-tax program assets that have
been in the Plan for less than two years will result in a suspension.
Investment Operations and Participation
Participant contributions are invested in accordance with the
participant's election in one or more investment options. A variety of
investment options are available to plan participants such as guaranteed
investment contract, mutual funds, common and commingled institutional
pools and common stock. The Company matches only in Company common stock.
Investment Contracts with Insurance Companies
During 2002, the Plan held two 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 2002. The average yield and crediting
interest rate was approximately 6.05 percent for 2002. The crediting
interest rate is based on a formula agreed upon with the issuer, but may
not be less than 0 percent. Such interest rates are reviewed on an annual
basis for resetting.
5
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Notes to Financial Statements
December 30, 2002 and 2001
--------------------------------------------------------------------------------
Transfer of Assets
The Plan permits the transfer of assets among investment options.
Participant Loans
The Plan permits loans to participants from both their Pre-Tax and
After-Tax Program accounts. Monthly loan interest rates are based on the
prime rate published in The Wall Street Journal.
A participant is eligible to take out one loan per calendar year, and to
have only four loans outstanding at any one time. Regular loans may be
for a minimum of one year, but not exceeding five years. Home loans may
be for a minimum of one year, but not exceeding ten years.
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.
Administrative expenses paid by the Plan amounted to $797,092 for the
year ended December 30, 2002 of which the full amount was paid with
participant forfeitures. Certain administrative expenses of the Plan are
paid by Ford Motor Company.
Related-Party Transactions
Certain Plan investments are shares of mutual funds managed by Fidelity
Management & Research Company. Fidelity Management Trust Company is the
trustee as defined by the Plan and, therefore, these transactions
qualify as party-in-interest transactions. Investment management service
fees are paid by Ford Motor Company and amounted to $879,696 for the year
ended December 30, 2002.
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 Interest Income Fund, are valued on the basis of
quoted year-end market prices. The Interest Income Fund is stated at
contract value, which approximates fair value. Contract value represents
contributions made under the contracts, plus interest at the
contract, less funds to pay benefits and administrative expenses
charged by the Wrap Providers. Participant loans are valued at cost,
which approximates fair value.
Purchases and sales of investments are reflected on a trade-date basis.
The Plan presents in the statement of changes in net assets available for
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.
Dividend income is recorded on the ex-dividend date. Income from other
investments is recorded as earned on an accrual basis.
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.
Payment of Benefits
Benefits are recorded when paid.
6
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Notes to Financial Statements
December 30, 2002 and 2001
--------------------------------------------------------------------------------
Use of Estimates in the Preparation of Financial Statements
The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires
management to make estimates and assumptions that affect the reported
amounts of assets and liabilities 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 common stocks, fixed
income securities, mutual funds 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 benefits and the statement of changes in net
assets available for benefits.
3. Investments
The following present investments that represent 5 percent or more of the
Plan's net assets:
December 30, 2002 December 30, 2001
----------------------------------- -----------------------------------
Market Market
Shares Value Shares Value
Interest Income Fund 1,938,991,508 $ 1,938,991,508 1,885,745,018 $ 1,885,745,018
Ford Stock Fund 748,602,179 2,605,135,581* 742,634,343 4,255,294,787*
Common Stock Index Fund 14,079,758 656,539,100 15,953,521 937,588,434
* Primarily non-participant directed
During 2002, the Plan's investments depreciated in value by
$2,398,739,493 as follows:
Mutual funds $ 582,399,088
Ford common stock 1,633,475,382
Common and commingled trust funds 182,865,023
------------------
$2,398,739,493
------------------
7
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Notes to Financial Statements
December 30, 2002 and 2001
--------------------------------------------------------------------------------
4. Nonparticipant-Directed Investments
Information about the net assets and the significant components of the
changes in net assets relating to the Ford Stock Fund, which are
primarily nonparticipant directed, is as follows:
December 30,
2002 2001
Net assets
Ford Stock Fund $ 2,605,135,581 $ 4,255,294,787
Year Ended
December 30,
2002
Changes in net assets
Contributions $ 104,452,497
Interest and dividend income 104,101,123
Net depreciation (1,633,439,903)
Withdrawal of participants' accounts (239,296,144)
Net transfers between funds 22,223,665
Transfers out to other plans (19,457,648)
Participant loans 11,257,204
-------------------
$(1,650,159,206)
-------------------
5. Plan Amendment
Effective January 1, 2002, the Plan was amended to suspend company
matching contributions. Effective April 1, 2002, the Plan was also
amended to increase the amount an employee is able to contribute from
25 percent of eligible pay to 40 percent of eligible pay, subject to
Internal Revenue Service limits.
As of December 31, 2002, the Company amended the vesting period for
matching contributions from 5 years to 3 years after the original date of
hire.
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, and the Plan
sponsor has applied for an updated IRS letter. The Plan Sponsor and tax
counsel believe that 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.
8
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Notes to Financial Statements
December 30, 2002 and 2001
--------------------------------------------------------------------------------
7. Administration of Plan Assets
The Plan's assets are held by the Trustee of the Plan, Fidelity
Management Trust Company. Company contributions are held and managed by
the Trustee, which invests cash received, interest, and dividend income
and makes distributions to participants.
Certain administrative functions are performed by officers or employees
of the Company or its subsidiaries. No such officer or employee receives
compensation from the Plan.
8. 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. Upon
termination of the Plan, participants would become fully vested. In the
event of termination all loans would become due immediately upon such
termination. There are currently no plans to terminate the Plan.
9
Ford Motor Company Savings and Stock Supplemental Schedule I
Investment Plan for Salaried Employees Page 1 of 2
Schedule of Assets Held at End of Year
As of December 30, 2002
--------------------------------------------------------------------------------
(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
Interest Income Fund
* Fidelity Investments Interest Income Fund, 1,938,991,508 units
CDC Financial Products 6.13%, due 5/15/03 $ - $ 7,052,682
GE Life and Annuity ASR 6.26%, due 3/17/03 5,552,368
Other 1,926,386,458
------------------
Total Interest Income Fund 1,938,991,508
Investment Funds
* Fidelity Investments Fidelity Fund, 1,042,668 units 23,220,211
* Fidelity Investments Fidelity Puritan Fund, 1,062,509 units 16,745,144
* Fidelity Investments Fidelity Trend Fund, 43,491 units 1,678,323
* Fidelity Investments Fidelity Magellan Fund, 2,758,918 units 217,457,883
* Fidelity Investments Fidelity Contrafund, 6,281,119 units 241,760,278
* Fidelity Investments Fidelity Equity-Income Fund, 1,499,098 units 59,289,333
* Fidelity Investments Fidelity Growth Company Fund, 4,907,437 units 173,526,977
* Fidelity Investments Fidelity Investment Grade Bond Fund, 3,078,941
units 23,307,586
* Fidelity Investments Fidelity Growth & Income Portfolio, 3,155,384
units 95,671,251
* Fidelity Investments Fidelity Value Fund, 1,025,504 units 47,285,981
* Fidelity Investments Fidelity Government Income Fund, 1,825,129 units 19,163,850
* Fidelity Investments Fidelity Independence Fund, 2,335,615 units 30,503,129
* Fidelity Investments Fidelity Overseas Fund, 821,431 units 17,989,329
* Fidelity Investments Fidelity Europe Fund, 397,153 units 7,240,094
* Fidelity Investments Fidelity Pacific Basin Fund, 433,679 units 5,533,741
* Fidelity Investments Fidelity Real Estate Investment Portfolio Fund,
2,701,664 units 49,602,558
* Fidelity Investments Fidelity Balanced Fund, 717,928 units 9,505,369
* Fidelity Investments Fidelity International Growth and Income Fund,
199,451 units 3,338,808
* Fidelity Investments Fidelity Capital Appreciation Fund, 1,396,889
units 22,448,011
* Fidelity Investments Fidelity Canada Fund, 134,310 units 2,426,980
* Fidelity Investments Fidelity Utilities Fund, 750,442 units 7,249,271
* Fidelity Investments Fidelity Asset Manager, 882,985 units 12,167,539
* Fidelity Investments Fidelity Worldwide Fund, 571,302 units 6,764,216
* Fidelity Investments Fidelity Stock Selector, 724,251 units 11,993,598
* Fidelity Investments Fidelity Asset Manager Growth, 981,630 units 11,720,665
* Fidelity Investments Fidelity Asset Manager Income, 452,064 units 4,909,417
* Fidelity Investments Fidelity Dividend Growth Fund, 7,726,692 units 171,841,625
* Fidelity Investments Fidelity New Markets Income Fund, 1,146,727 12,969,482
* Fidelity Investments Fidelity Global Balanced Fund, 78,668 units 1,160,346
* Fidelity Investments Fidelity Small Capital Selector Fund, 1,395,651
units 18,492,374
* Fidelity Investments Fidelity Freedom Income Fund, 637,136 units 6,753,645
* Fidelity Investments Fidelity Freedom 2000 Fund, 720,210 units 7,929,510
* Fidelity Investments Fidelity Freedom 2010 Fund 2,627,991 units 30,064,220
* Fidelity Investments Fidelity Freedom 2020 Fund, 2,069,156 units 22,015,821
* Fidelity Investments Fidelity Freedom 2030 Fund, 858,056 units 8,777,909
10
Ford Motor Company Savings and Stock Supplemental Schedule I
Investment Plan for Salaried Employees Page 2 of 2
Schedule of Assets Held at End of Year
As of December 30, 2002
--------------------------------------------------------------------------------
(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
Investment Fund
* Fidelity Investments Fidelity International Bond Fund, 0 units -
* Fidelity Investments Fidelity Freedom 2040 Fund, 303,237 units 1,773,938
* Fidelity Investments BGI EAFE Equity Index Fund, 425,400 units 2,803,384
* Fidelity Investments T. Rowe Price Spectrum Growth Fund, 396,531 units 4,393,565
* Fidelity Investments Scudder International Fund, 266,248 units 8,035,377
* Fidelity Investments Vanguard LifeStrategy Conservative Growth Fund,
416,059 units 5,333,871
* Fidelity Investments Domini Social Equity Fund, 105,749 units 2,285,225
* Fidelity Investments Morgan Stanley Institutional Global Value Equity
A Fund, 601,270 units 7,455,754
* Fidelity Investments T. Rowe Price Spectrum Income Fun, 714,903 units 7,692,361
* Fidelity Investments Vanguard LifeStrategy Moderate Growth Fund,
339,665 units 4,704,357
* Fidelity Investments T. Rowe Price New Horizons Fund, 1,919,513 units 31,710,354
* Fidelity Investments Scudder Global Fund, 202,595 units 3,602,130
* Fidelity Investments Vanguard LifeStrategy Growth Fund, 334,682 units 4,795,996
* Fidelity Investments T. Rowe Price International Stock Fund, 1,268,196
units 11,185,488
* Fidelity Investments Scudder Global Discovery Fund, 293,758 units 5,455,078
* Fidelity Investments T. Rowe Price International Discovery Fund,
919,005 units 14,704,079
* Fidelity Investments Scudder Income Fund, 260,175 units 3,332,836
* Fidelity Investments T. Rowe Price New Asia Fund, 1,153,836 6,415,327
* Fidelity Investments Scudder Growth and Income Fund, 571,378 units 9,142,044
* Fidelity Investments T. Rowe Price High Yield Fund, 4,215,422 units 26,430,693
* Fidelity Investments Scudder Greater Europe Growth Fund, 1,002,211
units 17,889,465
* Fidelity Investments T. Rowe Price New Era Fund, 217,121 units 4,466,176
* Fidelity Investments Scudder Japan Fund, 968,421 units 5,997,437
* Fidelity Investments Vanguard International Value Fund, 165,353 units 3,085,482
* Fidelity Investments T. Rowe Price Latin America Fund, 568,185 4,244,341
* Fidelity Investments Pimco Total Return ADM, 3,411,576 units 36,401,515
* Fidelity Investments INVESCO Dynamics Fund, 419,993 units 4,468,730
* Fidelity Investments Templeton Foreign Fund, 2,141,545 units 17,710,573
* Fidelity Investments Neuberger Berman Genesis Investor Fund, 2,630,394
units 51,634,639
* Fidelity Investments Oakmark Select Fund, 3,950,425 93,704,088
* Fidelity Investments PIMCO Real Return Fund, 3,468,635 units 38,918,089
* Fidelity Investments Janus Aspen International Growth Portfolio,
341,149 units 5,867,765
* Fidelity Investments Janus Aspen Growth Portfolio, 177,600 units 2,578,758
* Fidelity Investments Vanguard Value Index Fund, 827,564 units 12,083,754
* Fidelity Investments Vanguard Growth Index Fund, 2,604,404 units 52,062,036
* Fidelity Investments Vanguard Investment Index Plus Fund, 2,854,219
units 229,479,221
* Fidelity Investments Citizens Global Equity Fund, 42,913 units 554,442
* Fidelity Investments Royce Low-Price Stock Fund, 5,635,523 units 54,720,933
* Fidelity Investments Vanguard Explorer Fund, 952,214 units 40,050,140
* Fidelity Investments Bond Index Fund, 5,436,894 units 110,097,100
* Fidelity Investments Ford Stock Fund, 748,602,179 units 2,605,135,581
* Fidelity Investments Common Stock Fund, 14,079,758 units 656,539,099
* Fidelity Investments US Extended Market Index, 642,698 units 5,103,021
------------------
5,616,548,716
Participant Loans
* Participant loans Participant loans, interest ranging from 4.75%
to 9.5% 108,745,496
------------------
$ 7,664,285,720
------------------
* Denotes party-in-interest
** Not required per Department of Labor 29 CFR 2520.103-10
11
Ford Motor Company Savings and Stock Supplemental Schedule II
Investment Plan for Salaried Employees
Schedule of Reportable Transactions
Year Ended December 30, 2002
--------------------------------------------------------------------------------
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 excess
Criterion I of five percent of current
value of plan assets.
None.
Reporting Series of transactions in
Criterion II other than securities in
excess of five percent of
current value of plan assets.
None.
Reporting Series of transactions in
Criterion III securities in excess of
five percent of current value
of plan assets.
Fidelity Interest Income Fund
Investments 252 Purchases $620,254,983 $620,254,983 $620,254,983
252 Sales $651,251,230 $622,336,194 $651,251,230 $28,915,036
Reporting Single transactions with a
Criterion IV nonregulated entity in excess
of five percent of current
value of plan assets.
None.
12