Ford Motor Company Limited (“Ford of Britain”), a subsidiary of Ford Motor Company (the “Company”), announced today its plan of June 5, 2019 to exit the Ford Bridgend Engine Plant in South Wales. Subject to consultation with employees, Ford of Britain will cease production at the Bridgend plant during 2020. In connection with this announcement, the Company currently expects to record pre-tax special item charges of about $650 million. Approximately $400 million of the charges will be paid in cash and are primarily attributable to separation and termination payments for employees. Non-cash charges of approximately $250 million include pension expense and accelerated depreciation and amortization. Most of the pre-tax special item charges will be recorded in 2019 and most of the cash outflows will occur in 2020.

About FORD MOTOR COMPANY (NYSE:F)

Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services. The Automotive sector includes North America, South America, Europe, Middle East & Africa, and Asia Pacific segments. Its Financial Services sector includes Ford Credit and Other Financial Services segments. Its vehicle brands include Ford, Ford-Lincoln and Lincoln. The Other Financial Services segment includes holding companies, real estate, and the financing of some Volvo vehicles in Europe. The Company has over 70 plants across the world. Through its wholly owned subsidiary Ford Motor Credit Company LLC (Ford Credit), it provides automotive financing products to and through automotive dealers throughout the world.