DEARBORN, Mich., April 26, 2007 ? Ford Motor Company [NYSE: F] today reported a net loss of 15 cents per share, or $282 million, for the first quarter of 2007. This compares with a net loss of 76 cents per share, or $1.4 billion, in the first quarter of 2006.

Ford?s first-quarter loss from continuing operations, excluding special items, was 9 cents per share, or $171 million, compared with a profit of 12 cents per share, or $223 million, in the same period a year ago.**

Special items, which primarily reflected the impact of restructuring efforts, reduced pre-tax results by $113 million, or 6 cents per share, in the first quarter.

Ford?s first-quarter revenue was $43 billion, up from $40.8 billion a year ago. The increase primarily reflected mix improvement and favorable currency exchange, partially offset by lower volume.

"We are making progress on executing the four priorities of our plan ? restructuring the company, accelerating product development, funding our plan and working effectively as one team," said President and Chief Executive Officer Alan Mulally. "I am pleased that the basics of our business are improving, but we still have a lot of work to do.

"Our first quarter results came in somewhat stronger than expected, but there are many uncertainties going forward. We remain focused on improving our quality, productivity and business performance," Mulally added.

First-quarter highlights included:

* Strong performance of new U.S. products including Ford Edge, Lincoln MKX, Ford F-Series Super Duty, Ford Escape and Mercury Mariner.
* Successful public introduction of the all-new Ford Mondeo and redesigned Ford C-MAX at the Geneva Motor Show.
* Record Premier Automotive Group profits.
* Ford Europe pre-tax profits of $219 million, an increase of $154 million compared with a year ago.
* Cost savings of $500 million, $400 million of which was associated with North America ? bringing total cumulative cost savings to $1.9 billion toward the 2008 target of reducing annual operating costs by $5 billion compared with 2005.
* Reduction of 18,000 personnel positions in North America.
* Sale of one Automotive Components Holdings (ACH) business during the quarter and agreement in principle reached to sell two other ACH businesses ? bringing to four the total number of ACH businesses currently subject to agreements in principle for sale.
* Agreement to sell Automobile Protection Corporation (APCO) ? finalized in April.
* Agreement to sell Aston Martin.
* Continued improvement in quality.