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August 1, 2007

This Week:

• Mitsubishi announces new generation compact SUV, the Concept-cX

• Michael Schumacher to unveil the Ferrari 430 Scuderia at the Frankfurt Motor Show

• Re-designed Saab 9-3 will enter North American market by early September

• KIA to extend PRO-cee’d family with three-door model at the Frankfurt Auto Show

• Audi Golf Shoot Out sees Fasth and Karlson as winners

• Greenpeace demonstrates at the Porsche. The”King of Climate Pigs” took it with humour

• New MINI Van, the Clubman will be on the road in the November

• Toyota’s next step in Hybrids is the “Plug-in” vehicle

• Volkswagen's completely autonomous Touareg Stanley goes on world tour

• Peugeot’s interpretation of driving pleasure, the 308 RC Z

• Surprise at Ford: Company reports a net profit of $750 Million for second quarter

• For the first time Bentley reports results and it is strong results for the first half year of 2007!

• GM reports net income of $891 million for second quarter 2007

• Volkswagen successful: forecast raised to €5.1 billion profit before tax in 2007

• Renault and Bajaj confirm first talks about cooperation

• Infiniti's New Chinese Market Strategy

• Chrysler Grand Voyager MPV to be launched in China

• Beijing Auto to be the largest shareholder at Beijing-Benz

• Beijing Hyundai to develop six models within three years

• Guangzhou Honda to Build a new Automobile R&D Center

• DaimlerChrysler’s Rastatt Plant celebrates its 2 millionth vehicle

• Honda to Build Second Auto Plant in Thailand

• Mercedes-Benz brand spokesman Göpfarth to join Board of Management on August 1, 2007

• Toni Melfi is new Head of Communication at Audi Ingolstadt

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Vehicle wholesales in the second quarter were 1,773,000, down from 1,806,000 a year ago. Worldwide Automotive revenue for the second quarter was $40.1 billion, up from $37.8 billion in the same period last year. The increase primarily reflected currency exchange, mix and net pricing improvements, partially offset by lower volume.

Automotive gross cash, which includes cash and cash equivalents, net marketable securities, loaned securities and short-term VEBA assets, was $37.4 billion at June 30, 2007, up from $35.2 billion at the end of the first quarter.

Ford North America: In the second quarter, Ford North America reported a pre-tax loss of $279 million, compared with a pre-tax loss of $789 million a year ago. The improvement primarily reflected favorable net pricing and cost reductions, partially offset by lower volume net of mix. Revenue was $18.8 billion, down from $19.1 billion for the same period a year ago.

Ford South America: Ford South America reported a second-quarter pre-tax profit of $255 million, compared with a pre-tax profit of $99 million a year ago. The improvement was primarily explained by favorable net pricing and volume. Second quarter revenue improved to $1.8 billion from $1.3 billion in 2006.

Ford Europe: Ford Europe's second-quarter pre-tax profit was $262 million, compared with a pre-tax profit of $185 million during the same period in 2006. The improvement was more than explained by favorable net pricing and higher volumes, partially offset by higher manufacturing costs, primarily to support increased volumes. During the second quarter of 2007, Ford Europe's revenue was $9.2 billion, compared with $7.5 billion during the second quarter of 2006.

Premier Automotive Group (PAG): PAG reported a pre-tax profit of $140 million for the second quarter, compared with a pre-tax loss of $162 million for the same period in 2006. All PAG brands improved compared with the same period in 2006. The improvement was more than explained by favorable cost performance across all brands, including the non-recurrence of adverse 2006 adjustments to warranty accruals. Favorable net pricing was more than offset by the effect of the continued weakening of the U.S. dollar against key European currencies. Second-quarter 2007 revenue was $8.4 billion, compared with $7.8 billion a year ago.

Ford Asia Pacific and Africa: For the second quarter, Ford Asia Pacific and Africa reported a pre-tax profit of $26 million, compared with a pre-tax profit of $4 million a year ago. The improvement reflected strong cost performance, including restructuring savings, and improved results in China. These factors were partially offset by lower volume and adverse mix, more than explained by Australia and Taiwan, and unfavorable currency exchange. Revenue was $1.7 billion for the second quarter of 2007, compared with $1.8 billion in 2006.

Mazda: For the second quarter, Ford earned $81 million from its investment in Mazda and associated operations, compared with $32 million during the same period a year ago.

Other Automotive: Second-quarter results included a pre-tax loss of $107 million, compared with a loss of $85 million a year ago. The year-over-year decline was more than explained by higher interest expense associated with financing actions taken in the fourth quarter of 2006. This was partially offset by increased interest income.

FINANCIAL SERVICES SECTOR

For the second quarter, the Financial Services sector earned a pre-tax profit of $105 million, compared with a pre-tax profit of $425 million a year ago.

August 1, 2007