Exhibit 12

FORD MOTOR COMPANY AND SUBSIDIARIES

CALCULATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES

AND PREFERRED STOCK DIVIDENDS (a)

(in millions)

	For the Years Ended December 31
	2007			2006			2005			2004			2003
Earnings
Income before income taxes and cumulative effects of changes in accounting principles (b)	$	(3,746	)	$	(15,074	)	$	1,054		$	4,087		$	893
Less: Equity in net (income)/loss of affiliates included in income before income taxes		(412	)		(426	)		(303	)		(240	)		(155	)
Adjusted income		(4,158	)		(15,500	)		751			3,847			738
Adjusted fixed charges (c)		11,538			9,321			9,091			9,136			9,996
Earnings	$	7,380		$	(6,179	)	$	9,842		$	12,983		$	10,734
Combined Fixed Charges and Preferred Stock Dividends
Interest expense (d)	$	10,978		$	8,841		$	8,484		$	8,528		$	9,235
Interest portion of rental expense (e)		348			329			514			565			524
Preferred Stock dividend requirements of majority owned subsidiaries and trusts		—			—			—			—			190
Total combined fixed charges and Preferred Stock dividends	$	11,326		$	9,170		$	8,998		$	9,093		$	9,949
Ratios
Ratio of earnings to fixed charges	(f)			(f)				1.1			1.4			1.1
Ratio of earnings to combined fixed charges and Preferred Stock dividends	(f)			(f)				1.1			1.4			1.1

__________

(a) Discontinued operations are excluded from all amounts.

(b) Income before taxes includes equity income from unconsolidated subsidiaries.

(c) Combined fixed charges, as shown above, adjusted to exclude capitalized interest, and to include dividends from unconsolidated subsidiaries as well as amortization of capitalized interest.  (Capitalized interest (in millions): 2007 — $51; 2006 — $58; 2005 — $67; 2004 — $57; 2003 — $63)

(d) Includes interest, as defined on our income statement, plus capitalized interest.

(e) One-third of all rental expense is deemed to be interest.

(f) Earnings for 2007 and 2006 were inadequate to cover fixed charges by $3.9 billion and $15.3 billion, respectively.