O P E R A T I N G H I G H L I G H T S Financial Results  2004 2003 Worldwide vehicle unit sales of cars and trucks by automotive business unit (in thousands)  The Americas 3,915 4,020 Ford Europe and PAG 2,476 2,363 Ford Asia Pacific and Africa 407 353 Total  6,798 6,736 Sales and revenues (in billions)  Automotive $  147.1 $  138.2 Financial Services 24.5 26.1 Total 171.6 164.3 Automotive capital expenditures  Amount (in billions) $  6.3 $  7.4  As a percentage of automotive sales 4.3% 5.3% Automotive cash at year end (in billions)  Cash, marketable and loaned securities and assets held in short-term VEBA trust a/ $  23.6 $  25.9  Cash net of debt b/ 5.2 5.1 Income before taxes (in billions)  Automotive $  (0.2) $  (1.9) Financial Services 5.0 3.2 Total  4.8 1.3 Net income (in billions)  $  3.5 $  0.5 Basic net income per share of Common and Class B stock  $  1.91 $  0.27 Shareholder Value  Dividends per share  $  0.40 $  0.40 Total shareholder returns c/  (6)% 79% a/ Voluntary Employee Beneficiary Association trust, in which $4.1 billion of financial assets were held at the end of  2004 and $4.0 billion at the end of 2003 to fund certain future employee benefit obligations in the near term. b/ Automotive cash, marketable and loaned securities and assets held in a short-term VEBA trust less Automotive debt. c/ From Bloomberg Total Return Analysis assuming dividends are reinvested in Ford stock. Prior-year amounts have been reclassified to conform to current-year presentation. 1