 EMPLOYMENT DATA The number of on-roll employees we employed in consolidated entities (including entities we do not control), by business unit, at  December 31, 2004 and 2003 was: As shown in the employment data above, from December 31, 2003 to December 31, 2004, the number of people we employ  decreased approximately one percent. This decrease primarily reflects capacity reductions and improved manufacturing  efficiencies in North America and Europe, offset partially by the addition of newly consolidated European dealerships and  our expanding business in South America, Asia Pacific and at Hertz. The employment numbers in the table above exclude  approximately 17,700 hourly employees of Ford who are assigned to Visteon Corporation (“Visteon”), our largest supplier,  and, pursuant to our collective bargaining agreement with the International Union, United Automobile, Aerospace and  Agricultural Implement Workers of America (the “UAW”), remain Ford employees. Visteon reimburses us for most of the costs  associated with these employees.  9 5 2004 2003 Automotive sector The Americas Ford North America  122,877 130,174 Ford South America  12,222 10,102 Ford Europe and PAG Ford Europe 69,149 68,340 Premier Automotive Group 50,403 52,347 Ford Asia Pacific and Africa 21,378 17,946 Financial Services sector Ford Motor Credit Company 17,424 19,270 The Hertz Corporation 31,398 29,347 Other Financial Services 13 5 Total 324,864 327,531