Item 8.01. Other Events.

On May 12, 2009, we announced that we had agreed to sell 300 million shares of our common stock in a public offering at a price to the public of $4.75 per share for total gross proceeds of approximately $1.4 billion. We also granted to the underwriters for the offering a 30-day option to purchase up to 45 million additional shares of common stock to cover over-allotments.

On May 13, 2009, the underwriters exercised their option in full and will purchase an additional 45 million shares of our common stock, resulting in total gross proceeds of approximately $1.6 billion. Settlement is scheduled to occur on May 18, 2009.

Net proceeds from the offering are expected to be used for general corporate purposes, including to fund with cash, instead of stock, a portion of the payments we are required to make to a Voluntary Employee Beneficiary Association (VEBA) trust that will provide retiree health care to eligible active and retired UAW-represented employees of Ford and their eligible spouses, surviving spouses and dependents.