Ford Motor (F) 8-K Financial statements and exhibits

Exhibit 99.3

Ford Motor Company and Subsidiaries
CONSOLIDATED STATEMENT OF INCOME
For the Periods Ended March 31, 2003 and 2002
(in millions, except per share amounts)

			First Quarter
			2003			2002
			(unaudited)
Sales and revenues
Sales			$	34,200		$	32,171
Revenues and Automotive interest income				6,833			7,402
	Total sales and revenues			41,033			39,573
Costs and expenses
Cost of sales				31,084			29,923
Selling, administrative and other expenses				6,086			6,309
Interest expense				1,957			2,349
Provision for credit and insurance losses				593			960
	Total costs and expenses			39,720			39,541
Equity in net income/(loss) of affiliated companies				24			(59	)
Income/(loss) before income taxes				1,337			(27	)
Provision for/(benefit from) income taxes				336			(20	)
Income/(loss) before minority interests				1,001			(7	)
Minority interests in net income/(loss) of subsidiaries				102			73
Income/(loss) from continuing operations				899			(80	)
Income/(loss) from discontinued/held-for-sale operations				(3	)		(12	)
Cumulative effect of change in accounting principle				—			(1,002	)
Net income/(loss)			$	896		$	(1,094	)
Income/(loss) attributable to Common and Class B Stock after Preferred Stock dividends			$	896		$	(1,098	)
Average number of shares of Common and Class B Stock outstanding				1,832			1,807
AMOUNTS PER SHARE OF COMMON AND CLASS B STOCK
Basic income/(loss)
		Income/(loss) from continuing operations	$	0.49		$	(0.05	)
		Income/(loss) from discontinued/held-for-sale operations		—			(0.01	)
		Cumulative effect of change in accounting principle		—			(0.55	)
		Net income/(loss)	$	0.49		$	(0.61	)
Diluted income/(loss)
		Income/(loss) from continuing operations	$	0.45		$	(0.05	)
		Income/(loss) from discontinued/held-for-sale operations		—			(0.01	)
		Cumulative effect of change in accounting principle		—			(0.55	)
		Net income/(loss)	$	0.45		$	(0.61	)
Cash dividends			$	0.10		$	0.10