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, 2001
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,
2001 and December 30, 2000.
Statement of Changes in Net Assets Available for Plan Benefits for the year
ended December 30, 2001.
Schedule I - Schedule of Assets Held for Investment Purposes as of December
30, 2001.
Schedule II - Reportable Transactions for the year ended December 30, 2001.
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/Charles E. Corbett
--------------------------------
Charles E. Corbett, Chair
Savings and Stock Investment
Plan for Salaried Employees Committee
June 18, 2002
3
EXHIBIT INDEX
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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
December 30, 2001 and 2000
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Contents
-------------------------------------------------------------------------------------------------------------------
Page(s)
Report of Independent Accountants.................................................................................1
Financial Statements
Statement of Net Assets Available for Benefits as of
December 30, 2001 and 2000.......................................................................................2
Statement of Changes in Net Assets Available for
Benefits for the Year Ended December 30, 2001....................................................................3
Notes to Financial Statements..................................................................................4-10
Supplemental Schedules*
Schedule I - Schedule of Assets Held at End of Year
as of December 30, 2001......................................................................................11-12
Schedule II - Reportable Transactions for the Year Ended December 30, 2001.......................................13
* 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 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 for Salaried Employees
(the "Plan") at December 30, 2001 and 2000, and the changes in net assets
available for benefits for the year ended December 30, 2001, 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, 2001 and Reportable Transactions for the year
ended December 30, 2001 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 10, 2002
1
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Statement of Net Assets Available for Benefits
As of December 30, 2001 and 2000
-------------------------------------------------------------------------------
2000
-------------------------------------------------------
2001 Allocated Unallocated Total
Assets
Investments, at fair value $ 10,235,362,692 $ 12,650,836,794 $ 274,234,960 $ 12,925,071,754
Participant loans 120,660,478 127,427,611 - 127,427,611
------------------- ------------------ ---------------- -------------------
Total assets 10,356,023,170 12,778,264,405 274,234,960 13,052,499,365
Liabilities
Employee stock ownership plan,
loan payable - - 298,894,713 298,894,713
Employee stock ownership plan,
interest payable - - 1,744,735 1,744,735
------------------- ------------------ ----------------- ------------------
Total liabilities - - 300,639,448 300,639,448
------------------- ------------------ ----------------- ------------------
Net assets available for
benefits $ 10,356,023,170 $ 12,778,264,405 $ (26,404,488) $ 12,751,859,917
------------------- ------------------ ----------------- ------------------
The accompanying notes are an integral part of the financial statements.
2
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Statement of Changes in Net Assets Available for Benefits
For the Year Ended December 30, 2001
-------------------------------------------------------------------------------
Allocated Unallocated Total
Additions
Additions to net assets attributed to
Allocation of 11,700,442 shares of
Ford common stock, at fair value $ 265,867,594 $ - $ 265,867,594
Interest and dividend income 119,607,947 312,217,644 431,825,591
-------------------- ------------------- ---------------------
385,475,541 312,217,644 697,693,185
Contributions
Employee contributions 332,801,343 - 332,801,343
Company contributions on behalf of
employees 8,822,512 - 8,822,512
Company matching 148,305,501 - 148,305,501
-------------------- ------------------- ---------------------
489,929,356 - 489,929,356
Other additions
Loan repayment interest 9,376,743 - 9,376,743
-------------------- ------------------- ---------------------
9,376,743 - 9,376,743
Total additions 884,781,640 312,217,644 1,196,999,284
Deductions
Deductions from net assets attributed to
Allocation of 11,700,442 shares of
Ford common stock, at fair value - (265,867,594) (265,867,594)
Net depreciation in fair value of
investments (2,456,798,102) (8,255,862) (2,465,053,964)
Withdrawal of participants' accounts (806,582,444) - (806,582,444)
Participant loans 144,510 - 144,510
Administrative expense (1,588,493) - (1,588,493)
Interest expense - (11,689,700) (11,689,700)
Transfer out to other plans (42,198,346) - (42,198,346)
-------------------- ------------------- ---------------------
Total deductions (3,307,022,875) (285,813,156) (3,592,836,031)
-------------------- ------------------- ---------------------
Net (decrease) increase (2,422,241,235) 26,404,488 (2,395,836,747)
-------------------- ------------------- ---------------------
Net assets available for benefits
Beginning of year 12,778,264,405 (26,404,488) 12,751,859,917
-------------------- ------------------- ---------------------
End of year
$ 10,356,023,170 $ - $ 10,356,023,170
-------------------- ------------------- ---------------------
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.
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 25% 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 years ended December 30, 2001 and 2000, the Company matched at
the rate of $.60 for each dollar of contributions up to 10% 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.
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 $339,708
and $386,000 for the years ended December 30, 2001 and 2000,
respectively.
4
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
1. Description of the Plan (continued)
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 of several investment options. A
variety of investment options are available to plan participants such as
guaranteed investment contract, mutual funds, common and commingled funds
and common stock. The Company matches only in Company common stock.
Investment contracts with insurance companies
During 2001 and 2000, the Plan held seven 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 2001 or 2000. The average yield and
crediting interest rates were approximately 6.31% for 2001 and 6.16% for
2000. 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.
Transfer of assets
The Plan permits the transfer of assets among investment options.
5
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
1. Description of the Plan (continued)
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. Plan
administration expenses amounted to approximately $1,249,000 and
$1,933,000 for the years ended December 30, 2001 and 2000, respectively,
of which approximately $863,000 and $1,371,000, respectively, was paid
with participant forfeitures.
Related-party transactions
Certain Plan investments are shares of mutual funds managed by Fidelity
Investments. Fidelity Investments is the trustee as defined by the Plan
and, therefore, these transactions qualify as party-in-interest
transactions. Fees paid by the Plan for the investment management
services amounted to $1,588,493 and $2,318,308 for the year ended
December 30, 2001 and 2000, respectively.
Employee stock ownership plan
The Company, by action of the Board of Directors, established an Employee
Stock Ownership Plan ("ESOP") within the Plan effective January 1, 1989.
The Plan operates, in part, as a leveraged ESOP, and is designed to
comply with Section 4975(e)(7) and the regulations there under 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 (see Note 6), and holds the stock in a trust established
under the Plan. The borrowings were repaid quarterly over the period
ended December 3, 2001. As the Plan made each payment of principal, an
appropriate percentage of stock was allocated to eligible employees'
accounts in accordance with applicable regulations under the Code. Shares
vested fully upon allocation.
The borrowings were collateralized by the unallocated shares of stock and
were guaranteed by the Company. The Company has no rights against shares
once they are allocated under the ESOP. Accordingly, the financial
statements of the Plan present separately the assets and liabilities and
changes therein pertaining to:
a) the accounts of employees with vested rights to allocated stock
("Allocated") and
b) stock not yet allocated to employees ("Unallocated").
All shares have been allocated as of December 30, 2001.
6
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
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 are valued on the basis of quoted year-end market prices.
Participant loans are valued at cost, 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.
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 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.
Other
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.
7
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
3. Investments
The following present investments that represent 5% or more of the Plan's
net assets:
December 30, 2001 December 30, 2000
------------------------------------ ------------------------------------
Market Market
Shares value Shares value
Interest Income Fund 1,885,745,018 $ 1,885,745,018 1,676,659,609 $ 1,676,659,606
Ford Stock Fund 742,634,343 4,255,294,787* 749,938,131 6,314,479,062*
Common Stock Index Fund 15,953,521 937,588,434 17,274,564 1,166,378,566
* Primarily non-participant directed
During 2001, the Plan's investments depreciated in value by
$2,465,053,964 as follows:
Mutual funds $ 439,449,556
Ford common stock 1,876,058,145
Common and commingled trust fund 149,546,263
------------------
$2,465,053,964
------------------
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,
2001 2000
Net assets
Ford Stock Fund $ 4,255,294,787 $ 6,314,479,049
Year ended
December 30,
2001
Changes in net assets
Contributions $ 272,492,896
Interest and dividend income 267,383,789
Net depreciation (1,864,368,445)
Withdrawal of participants' accounts (317,970,330)
Interest expense (11,689,700)
Net transfers between funds (369,977,734)
Transfers out to other plans (42,158,571)
Participant loans 7,103,833
-------------------
$ (2,059,184,262)
-------------------
8
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
5. Plan Amendment
Effective January 1, 2002, the Plan was amended to suspend company
matching contributions. The Plan was also amended to increase the amount
an employee is able to contribute from 25% of base pay to 40% of base
pay, subject to Internal Revenue Service limits.
6. Loan Payable
The Plan obtained loans from the Company to purchase shares of Company
common stock for quarterly allocation. Unallocated shares are collateral
for the loan. The agreement provides for the loan to be repaid quarterly
over the period ended December 3, 2001. The following summarizes the
loans outstanding during the year:
Original Total Number of Date of
principle Interest quarterly quarterly first
Date of loan balance rate payments payments payment
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
All loans were either paid off or matured prior to December 30, 2001.
The Company shares are held in an unallocated account within the Plan
until quarterly loan payments are made. The trustee purchases additional
shares to the extent that shares released from the unallocated account
are not adequate to satisfy the requirement for dividend shares allocated
to participants' accounts. Cash dividends earned on Company common stock
are held in the Plan and are generally used to make quarterly loan
payments. If cash is not available to make the full payment, the trustee
may sell shares held in the unallocated 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.
7. 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. Administration of Plan Assets
The Plan's assets are held by the Trustee of the Plan, Fidelity
Investments. 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. Comerica Bank administers the payment of
interest and principal for the loan payable.
9
Ford Motor Company Savings and Stock
Investment Plan for Salaried Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
9. 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.
10
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, 2001
---------------------------------------------------------------------------------------------------------------------------
(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, 1,885,745,018 units
CDC Financial Products 6.13%, due 5/15/03 $ - $ 7,052,682
Combined Insurance Company 6.97%, due 4/26/02 4,771,701
Combined Insurance Company 6.22%, due 6/9/03 8,676,882
GE Life and Annuity ASR 6.26%, due 3/17/03 5,225,266
GE Life and Annuity ASR 6.24%, due 11/15/02 6,962,304
Safeco Life Insurance Company 6.19%, due 2/15/02 6,950,525
United of Omaha 6.15%, due 6/12/02 3,619,714
Other 1,842,485,944
-----------------
Total Interest Income Fund 1,885,745,018
Investment Funds
* Fidelity Investments T. Rowe Price Spectrum Growth Fund,
734,221 units 10,389,233
* Fidelity Investments Scudder International Fund, 566,105 units 20,674,151
* Fidelity Investments Vanguard LifeStrategy Conservative
Growth Fund, 714,309 units 10,057,474
* Fidelity Investments Domini Social Equity Fund, 77,866 units 2,156,111
* Fidelity Investments T. Rowe Price Spectrum Income Fund,
1,570,665 units 16,601,932
* Fidelity Investments Vanguard LifeStrategy Moderate Growth Fund,
569,411 units 9,099,189
* Fidelity Investments T. Rowe Price New Horizons Funds, 3,821,445 units 87,472,885
* Fidelity Investments Scudder Global Fund, 424,740 units 9,229,604
* Fidelity Investments Vanguard LifeStrategy Growth Fund,
561,008 units 9,823,255
* Fidelity Investments T. Rowe Price International Stock Fund,
2,404,336 units 26,279,392
* Fidelity Investments Scudder Global Discovery Fund, 606,210 units 14,264,127
* Fidelity Investments T. Rowe Price International Discovery
Fund, 1,256,553 units 23,887,081
* Fidelity Investments Scudder Income Fund, 552,632 units 6,874,750
* Fidelity Investments T. Rowe Price New Asia Fund, 1,746,133 units 10,721,259
* Fidelity Investments Scudder Growth and Income Fund, 975,501 units 20,807,434
* Fidelity Investments Vanguard Growth Index Fund, 4,965,902 units 133,036,518
* Fidelity Investments T. Rowe Price High Yield Fund, 3,377,713 units 22,495,573
* Fidelity Investments Scudder Greater Europe Growth Fund,
1,920,498 units 39,476,403
* Fidelity Investments Vanguard Explorer Fund, 902,888 units 54,958,765
* Fidelity Investments T. Rowe Price New Era Fund, 359,602 units 8,037,106
* Fidelity Investments Scudder Japan Fund, 1,646,157 units 10,881,101
* Fidelity Investments Vanguard International Value Fund, 267,126 units 5,863,408
* Fidelity Investments T. Rowe Price Latin America Fund, 978,355 units 8,981,302
* Fidelity Investments Vanguard Value Index Fund, 1,640,703 units 31,271,802
* Fidelity Investments Vanguard Investment Index Plus Fund,
3,157,742 units 334,941,728
* Barclays Global
Investors Bond Index Fund, 5,023,192 units 91,823,948
* Ford Motor Company Ford Stock Fund, 742,634,343 units 4,909,669,513 4,255,294,787
* Comerica Bank, N. A. Common Stock Index Fund, 15,953,521 units 937,588,434
* Fidelity Investments Fidelity Funds, 2,054,612 units 59,809,759
* Fidelity Investments Fidelity Puritan Fund, 1,859,701 units 32,953,909
* Fidelity Investments Fidelity Trend Fund, 94,104 units 4,660,991
* Fidelity Investments Fidelity Magellan Fund, 2,892,574 units 304,790,535
* Fidelity Investments Fidelity Contrafund, 6,810,614 units 292,789,754
11
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, 2001
---------------------------------------------------------------------------------------------------------------------------
(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 Equity-Income Fund, 1,316,177 units $ 64,690,102
* Fidelity Investments Fidelity Growth Company Fund, 5,932,748 units 322,029,543
* Fidelity Investments Fidelity Investment Grade Bond Fund,
6,692,618 units 48,856,114
* Fidelity Investments Fidelity Growth and Income Portfolio,
5,686,534 units 214,439,208
* Fidelity Investments Fidelity Value Fund, 1,798,953 units 93,293,723
* Fidelity Investments Fidelity Government Income Fund, 4,652,057 units 46,194,922
* Fidelity Investments Fidelity Independence Fund, 5,198,868 units 82,713,988
* Fidelity Investments Fidelity Overseas Fund, 760,498 units 20,875,683
* Fidelity Investments Fidelity Europe Fund, 710,384 units 17,503,853
* Fidelity Investments Fidelity Pacific Basin Fund, 706,863 units 9,775,913
* Fidelity Investments Fidelity Real Estate Investment Portfolio Fund,
1,731,462 units 32,101,311
* Fidelity Investments Fidelity Balanced Fund, 1,390,279 units 20,784,678
* Fidelity Investments Fidelity International Growth and Income Fund,
401,328 units 7,512,867
* Fidelity Investments Fidelity Capital Appreciation Fund, 1,423,634 units 29,568,876
* Fidelity Investments Fidelity Canada Fund, 263,773 units 5,009,052
* Fidelity Investments Fidelity Utilities Fund, 1,666,114 units 22,642,493
* Fidelity Investments Fidelity Asset Manager, 1,338,959 units 20,834,204
* Fidelity Investments Fidelity Worldwide Fund, 930,930 units 13,712,595
* Fidelity Investments Fidelity Stock Selector, 1,283,608 units 27,430,707
* Fidelity Investments Fidelity Asset Manager Growth, 1,501,088 units 21,675,715
* Fidelity Investments Fidelity Asset Manager Income, 1,576,047 units 17,856,611
* Fidelity Investments Fidelity Dividend Growth Fund, 7,960,140 units 227,580,400
* Fidelity Investments Fidelity New Markets Income Fund, 1,638,938 units 17,913,595
* Fidelity Investments Fidelity Global Balanced Fund, 171,926 units 2,747,375
* Fidelity Investments Fidelity Small Capital Selector Fund, 3,089,734 units 52,062,025
* Fidelity Investments Fidelity International Bond Fund, 184,439 units 1,468,131
* Fidelity Investments Citizens Global Equity Fund, 21,243 units 350,290
-----------------
Total Investment Funds 8,349,617,674
Participant Loans
* Participant Loans Participant loans, interest rates varying from
4.75% to 9.5% 120,660,478
-----------------
Total investments $ 10,356,023,170
-----------------
* Denotes party-in-interest
**Cost for participant directed funds are not required per Department of Labor
29 CFR 2520.103-10
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Ford Motor Company Savings and Stock Supplemental Schedule II
Investment Plan for Salaried Employees
Schedule of Reportable Transactions
For the Year Ended December 30, 2001
------------------------------------------------------------------------------------------------------------------------------------
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 excessof five percent
of currentvalue of plan
assets.
None.
Reporting Series of transactions
Criterion II in other than securities
in excess of five percen
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 248 Purchases $1,019,205,073 $1,019,205,073 $1,019,205,073
248 Sales $ 989,414,488 958,544,139 989,414,488 $ 30,870,349
Reporting Single transactions with
Criterion IV a nonregulated entity in
excess of five percent
of current value of plan
assets
None.
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