Ford Motor (F) 8-K Ford Announces First Quarter Financial Results

Exhibit 99.3

Ford Motor Company and Subsidiaries
CONSOLIDATED STATEMENT OF INCOME
For the Periods Ended March 31, 2004 and 2003
(in millions, except per share amounts)

	First Quarter
	2004			2003
	(unaudited)
Sales and revenues
Automotive sales	$	38,844		$	34,159
Financial Services revenue		5,847			6,656
Total sales and revenues		44,691			40,815
Automotive interest income		117			148
Costs and expenses
Cost of sales		34,071			31,055
Selling, administrative and other expenses		5,691			6,039
Interest expense		1,842			1,957
Provision for credit and insurance losses		371			593
Total costs and expenses		41,975			39,644
Automotive equity in net income/(loss) of affiliated companies		56			21
Income/(loss) before income taxes		2,889			1,340
Provision for/(benefit from) income taxes		829			337
Income/(loss) before minority interests		2,060			1,003
Minority interests in net income/(loss) of subsidiaries		85			102
Income/(loss) from continuing operations		1,975			901
Income/(loss) from discontinued/held-for-sale operations		(23	)		(5	)
Net income/(loss)	$	1,952		$	896
Income/(loss) attributable to Common and Class B Stock after Preferred Stock dividends	$	1,952		$	896
Average number of shares of Common and Class B Stock outstanding		1,832			1,832
AMOUNTS PER SHARE OF COMMON AND CLASS B STOCK
Basic income/(loss)
Income/(loss) from continuing operations	$	1.08		$	0.49
Income/(loss) from discontinued/held-for-sale operations		(0.01	)		—
Net income/(loss)	$	1.07		$	0.49
Diluted income/(loss)
Income/(loss) from continuing operations	$	0.95		$	0.45
Income/(loss) from discontinued/held-for-sale operations		(0.01	)		—
Net income/(loss)	$	0.94		$	0.45
Cash dividends	$	0.10		$	0.10