Because of our history, and our family connection, we have a special bond with millions of people  around the world. We are not just another  nameless, faceless corporation; people have  strong emotional ties to our company. That  gives us a tremendous opportunity to build on  those family feelings and set ourselves apart. Our first major program under the family-based  concept will be a new initiative called the Ford  Volunteer Corps. The Corps will allow employees to volunteer for corporate citizenship projects. Its first major project will be to work with Habitat  for Humanity to build housing and other structures  in the areas hardest hit by the tsunami in Asia. By fully engaging the hearts and minds of our employees, we will create an empowered and innovative team. That will help us build on the momentum we’ve created and take our efforts to the next level.  We have made good progress in the past three years. But we still have a lot of work to do. We are in the final stages of our turnaround, and the first stages of defining our future. I am excited about where we are going as a company.  But I also know that our future starts today. A company with family-based values cares about  its shareholders, customers, employees, dealers,  business partners and the community. It works  hard to earn the trust of all the members of this  extended family, and maintain a culture in which  they feel valued and treated fairly. Family-like  behaviors are a solid foundation for building a  winning culture and a high-performance team. We made progress in many areas in 2004 and  our overall profitability was good. We are going  to maintain our discipline and keep executing our  plan, in 2005 and beyond. We are also going  to build on our unique strengths and capabilities,  so that we can differentiate ourselves from our  competition and deliver value to our shareholders. We have many challenges to face, but we also have  come a long way in three years. We are operating  in a difficult environment, but we are committed  to delivering results and investing for our future. We are building great products, a strong  business and a better world. Our goal is to be  the best automotive company in the world. Thank you for your support of our efforts. 7 The Road Ahead • Promotes teamwork while embracing  differences and diversity. • Encourages continuous development  and mutual benefit. • Allows them to work to their full potential. • Attracts and retains the best people. I have challenged the senior leaders of our  company to establish a true family culture inside  of Ford. We are cultivating a workplace that: William Clay Ford, Jr.  Chairman and CEO  March 10, 2005 Bill Ford in the Escape Hybrid during the 2004 “Manhattan  on a Tank of Gas” program in New York City. Escape  Hybrid averaged 38 mpg in Manhattan traffic. fille Cb, God