Ford Motor Company Issues RMB-Denominated Notes in Dim Sum Market

HONG KONG/DEARBORN, Mich., March 15, 2012 – To help support its growth strategy in China, Ford Motor Company announced its first renminbi (RMB)-denominated bond issuance. The issuance was targeted at RMB investors in Hong Kong, Singapore and elsewhere outside the United States, with total proceeds of RMB 1 billion (about USD $158 million).

“We are pleased with this transaction and appreciate the actions taken by regulators in China that have opened the RMB capital markets for global issuers like Ford,” said Neil Schloss, Ford vice president and treasurer. “This offering was an opportunity for Ford to fund business operations in China while expanding our global investor base.”

The bonds bear an annual interest rate of 4.875 percent and mature in March 2015. Proceeds from this offering will be loaned by Ford to its wholly owned affiliate Ford Motor (China), Ltd., to be used for its general corporate purposes. Approval to lend the proceeds to Ford Motor China was given by the regulators in China prior to issuance.

Ford sales in China were about 519,000 in 2011, up over 7 percent for the year. Ford and its partners in China are expanding sales and production, and are bringing 15 new vehicles to China by 2015. Dealership outlets in China are planned to more than double by mid-decade from 340 in 2010. The expanded distribution and product lineup will strengthen Ford’s position in existing segments anddrive growth in new segments.

“We want to serve the growing number of Ford customers in China with a full family of vehicles that have the best quality, safety, fuel efficiency, smart design and value,” said David Schoch, chairman and CEO of Ford Motor China. “This issuance is supportive of our One Ford growth plans in China, and it is another step forward in the continued development of the RMB capital markets, which benefits everyone.”

Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 164,000 employees and about 70 plants worldwide, the company’s automotive brands include Ford and Lincoln. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford and its products worldwide, please visit http://corporate.ford.com.