Blue Oval Connect Newswire: October 4, 2011

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Tentative Labor Agreement Reached

A note from Executive Vice President John Fleming
Today, we reached a tentative agreement on a new four-year national labor contract with the UAW in the U.S. The UAW is now in the process of explaining details of the agreement to our Ford hourly team members for ratification.

Following is the press release we are issuing today for media and other important audiences. We also are conducting a press conference, which can be viewed on the Ford Ahead site at www.fordahead.com. Information can also be found on www.at.ford.com.

We will share more information about the agreement and what it means for Ford and our competitiveness in the coming weeks.

Thank you.

John Fleming
Executive Vice President – Manufacturing and Labor Affairs
Ford Motor Company

Below is the company's press release regarding the tentative agreement.

UAW, Ford Reach Tentative Agreement on National Labor Contract to Add 12,000 U.S. Jobs, Significant Investment

Ford commits to add 12,000 hourly jobs in its U.S. manufacturing facilities by 2015, including in-sourcing from Mexico, China and Japan; this is 5,750 hourly jobs more than the previously announced 7,000 U.S. positions to be added by year-end 2012
Ford pledges to invest $16 billion in the U.S. – including $6.2 billion for U.S. plants – to design, engineer and produce more new and upgraded vehicles and components by 2015
Ford says the agreement is fair to its employees and that it improves the company's competitiveness in the U.S.
The new jobs and investment commitments in the UAW-Ford tentative agreement are contingent upon ratification of the agreement by the UAW membership

DEARBORN, Mich., Oct. 4, 2011 – Ford Motor Company and the United Auto Workers union (UAW) have reached a tentative agreement on a new four-year labor contract covering approximately 41,000 UAW-represented employees in the United States.

The agreement – which is subject to ratification by UAW members – calls for 12,000 hourly jobs to be added in Ford's U.S. manufacturing facilities through the term of the contract in 2015.

The new jobs commitment includes additional in-sourcing from Mexico, China and Japan, and is nearly double the company's previous commitment to add jobs in the U.S.

The agreement includes $16 billion in U.S. investments – including $6.2 billion for Ford plants in the U.S. – all to design, engineer and produce more new and upgraded vehicles and components by 2015.

"We are pleased that, by working together with the UAW, we reached a deal that is fair to our employees and that improves Ford's competitiveness in the U.S.," said John Fleming, Ford’s executive vice president of Global Manufacturing and Labor Affairs. "This agreement allows us to make even more progress on our One Ford plan and our focus on the great products, stronger business and better world that will deliver continued profitable growth for all."

The UAW will share details of the agreement with its local leaders and members in the coming days as part of the ratification process. Ford will discuss more specifics once the agreement becomes final.

FCN News Team:
Publisher: Sara Tatchio
Associate Publisher: Jenn Corney
Managing Editor: Terra Donnelly

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