UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D. C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report: March 25,
2008
(Date of
earliest event reported)
FORD
MOTOR COMPANY
(Exact
name of registrant as specified in its charter)
Delaware
(State or
other jurisdiction of incorporation)
| |
1-3950
|
|
38-0549190
|
|
| |
(Commission
File Number)
|
|
(IRS
Employer Identification No.)
|
|
| |
|
|
|
|
| |
One American Road,
Dearborn, Michigan
|
|
48126
|
|
| |
(Address
of principal executive offices)
|
|
(Zip
Code)
|
|
Registrant’s
telephone number, including area code 1
313-322-3000
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
□ Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 140.14a-12)
□ Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
□ Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
1.01. Entry into a Material Definitive Agreement.
On March
25, 2008, Ford Motor Company (“Ford”) signed a sale and purchase agreement (the
“Sale and Purchase Agreement”) with Tata Motors Limited (“Tata
Motors”). Under the terms of the transaction, Tata Motors will
purchase the Jaguar and Land Rover operations (“Jaguar Land Rover”), comprising
100% of outstanding shares in Jaguar Cars Limited, Land Rover and related
companies, and their respective subsidiaries, and certain assets used by
Jaguar Land Rover, including ownership rights in, or licenses to use, related
intellectual property currently owned by non-transferring companies, and the
assets of national sales companies operating within non-transferring companies,
for approximately US$2.3 billion in cash payable upon completion. At
completion, Ford will contribute up to approximately US$600 million to the
Jaguar Land Rover pension plans.
The
transaction is expected to be completed by the end of the second quarter of
2008. The transaction is subject to customary closing conditions,
including receipt of applicable regulatory approvals.
The Sale
and Purchase Agreement may be terminated by either party if the other has not
complied with its respective completion obligations in all material respects as
of the time of completion; by Tata Motors in the event of a material adverse
change following signing; or automatically if completion has not occurred by a
designated back-stop date.
As part
of the transaction, Ford will continue to supply Jaguar Land Rover for differing
periods with powertrains, stampings and other vehicle components, in addition to
a variety of technologies, such as environmental and platform
technologies. Ford also has committed to provide engineering support,
including research and development, and information technology, accounting and
other services.
In
addition, Ford Motor Credit Company LLC will provide financing for Jaguar and
Land Rover dealers and customers during a transitional period, which can vary by
market, of up to 12 months.
Item
8.01. Other Events.
Our news
release dated March 26, 2008 regarding the sale of Jaguar Land Rover, filed as
Exhibit 99.1 to this report, is incorporated by reference herein.
Item
9.01. Financial Statements and Exhibits.
EXHIBITS
|
|
|
|
|
|
|
|
|
News
Release dated March 26, 2008
|
|
Filed
with this Report
|
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
|
|
|
Ford Motor
Company
|
|
|
|
|
(Registrant)
|
|
|
|
|
|
|
Date:
March 26, 2008
|
|
By:
|
/s/
Peter J. Sherry, Jr.
|
|
|
|
|
Peter
J. Sherry, Jr.
|
|
|
|
|
Corporate
Secretary
|
EXHIBIT
INDEX
|
|
|
|
|
Exhibit
99.1
|
|
News
Release dated March 26, 2008
|