Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Effective October 17, 2008, John R.H. Bond and Jorma Ollila have resigned from Ford's Board of Directors. Mr. Bond and Mr. Ollila have significant responsibilities within their own companies in Europe and each has recently added new responsibilities in advising governmental entities during these difficult economic times. Mr. Bond and Mr. Ollila informed the Board of Directors that they believe they could not devote the additional time and international travel that would be required of them as the Company responds to the unprecedented external environment and rapidly changing auto industry. In addition to his board duties, Mr. Bond served as a member of the Finance Committee of the board and served as a consultant and senior advisor to our Executive Chairman, William Clay Ford, Jr. Mr. Bond's formal paid consultancy arrangement with the Company also terminates on October 17, 2008, although Mr. Bond may continue to act as an advisor to Mr. Ford on an informal, unpaid basis. Mr. Ollila served as a member of the Audit Committee and the Nominating and Governance Committee of the board.

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