The first quarter was an absolutely terrific start to the year for Ford - an all-time record for the company.

2016 FIRST QUARTER FINANCIAL RESULTS*

	Pre-Tax Results	Net Income	Revenue	Wholesales	Automotive Operating Margin	Automotive Operating- Related Cash Flow
1Q 2016	$3.8B	$2.5B	$37.7B	1,720K	9.8%	$2.7B
B/(W) 1Q 2015	$2.1B	$1.3B	152K	152K	5 ppts	$2.2B

"The first quarter was an absolutely terrific start to the year - an all-time record for the company, with very strong performance across the business. We're excited about our future and confident in our ability to deliver long-term growth and profitability, as we expand our business model to be both an auto and a mobility company."

Mark Fields, Ford President and CEO

HIGHLIGHTS

• Record quarterly pre-tax profit of $3.8B, up $2.1B; net income of $2.5B, up $1.3B; after-tax earnings per share of $0.68, excluding special items, up $0.39 from a year ago
• Strong Automotive operating-related cash flow of $2.7B, a first quarter record
• Record Automotive pre-tax profit of $3.3B, up $2.0B; Automotive operations outside North America profitable in total
• Record Automotive operating margin of 9.8 percent
• North America quarterly record pre-tax profit and operating margin
• Europe fourth consecutive quarterly profit and best quarter since 2008
• Ford Credit continued to deliver strong results
• Distributed $1.7B to shareholders including a regular quarterly dividend and a supplemental dividend of $1B
• Global market share up two-tenths of a percentage point from a year ago at 7.1 percent with gains in North America, Europe and Asia Pacific
• Launched new Fusion V6 Sport and announced plans for four all-new SUVs; on track for 12 global product launches
• Announced Ford Smart Mobility LLC subsidiary to design, build, grow and invest in emerging mobility services
• Became the first automaker to test autonomous driving in the snow
• Ford named a World’s Most Ethical Company by Ethisphere Institute for the seventh year in a row; only automaker on the list
• For 2016, continue to expect another strong year with sustained strong financial performance and returns and profitability across all parts of the business except South America