8-K/AEarnings & ResultsExhibits & Filings

FORD MOTOR CO 8-K/A Report, Financial Results (Apr 28, 2008)

Filed April 28, 2008For Securities:FF-PCF-PDF-PB

Summary

This 8-K/A filing from Ford Motor Company is an amendment to a previous report, primarily correcting a typographical error in the presentation of Financial Services sector results. The error involved an "over/(under)" comparison for the sector, which should have been reported as $(226) million instead of $(26) million. The company held conference calls on April 24, 2008, to discuss preliminary first-quarter 2008 financial results with both the investment community and fixed-income analysts. These presentations, including webcast replays, were made available to investors. The filing also reiterates that the accompanying news release (Exhibit 99) presents financial performance excluding special items, a non-GAAP measure that Ford believes offers investors a more relevant view of ongoing operational results.

Key Highlights

  • 1Amendment to a prior 8-K filing to correct a specific typographical error in the Financial Services sector's "over/(under)" comparison.
  • 2The corrected figure for the Financial Services sector's "over/(under)" comparison is $(226) million, a significant revision from the previously reported $(26) million.
  • 3Ford conducted conference calls on April 24, 2008, to review preliminary Q1 2008 financial results.
  • 4Presentations were held for both the general investment community/news media and specifically for fixed-income analysts and investors.
  • 5Webcast replays and supporting materials were made available online, along with phone replays for a limited time.
  • 6The filing emphasizes the use of non-GAAP measures (revenue and pre-tax profits excluding special items) and explains their perceived utility for investors in assessing ongoing operational performance.
  • 7The revised news release (Exhibit 99) is furnished as part of this amendment.

Frequently Asked Questions

The primary purpose of this 8-K/A filing is to amend a previous 8-K report filed on April 24, 2008, by correcting a typographical error in the financial results for the Financial Services sector. The error was in the "over/(under)" comparison, which has been revised from $(26) million to $(226) million.

Ford announced its preliminary first-quarter 2008 financial results on April 24, 2008, through conference calls for different investor groups.

Ford believes that presenting revenue and pre-tax profits excluding special items provides investors with more relevant measures of the results generated by ongoing operating activities, as these items are not considered indicative of regular earnings.

Investors can access listen-only webcasts and supporting presentation materials for the conference calls on Ford's investor relations website at www.shareholder.ford.com. Replays were also available via phone for one week following the presentations.