Ford Motor Credit Earns $775 Million in 2007*

Fourth Quarter 2007 Earnings of $186 Million Reported

DEARBORN, Mich., Jan. 24 -- Ford Motor Credit Company reported net income of $775 million in 2007, down $508 million from earnings of $1,283 million a year earlier. On a pre-tax basis, Ford Motor Credit earned $1,215 million in 2007, down $738 million from 2006. The decrease in full year earnings primarily reflected the non-recurrence of credit loss reserve reductions, higher borrowing costs, higher depreciation expense for leased vehicles and higher costs due to our North American business transformation initiative. These were offset partially by lower net losses related to market valuation adjustments from derivatives and lower expenses primarily reflecting improved operating costs.

In the fourth quarter of 2007, Ford Motor Credit's net income was $186 million, down $93 million from a year earlier. On a pre-tax basis, Ford Motor Credit earned $263 million in the fourth quarter, compared with $406 million in the previous year. The decrease in fourth quarter earnings primarily reflected the non-recurrence of credit loss reserve reductions, higher borrowing costs and higher depreciation expense for leased vehicles, offset partially by lower expenses and the non-recurrence of losses related to market valuation adjustments from derivatives.

"We had a good year in 2007 with a business that performed consistently and predictably," said Mike Bannister, chairman and CEO. "With our sound business fundamentals, we have a strong foundation for the future."

Ford Motor Credit expects its earnings in 2008 to be about equal to its earnings in 2007.

On December 31, 2007, Ford Motor Credit's on-balance sheet net receivables totaled $141 billion, compared with $135 billion at year-end 2006. Managed receivables were $147 billion, down from $148 billion a year ago.

  On December 31, 2007, managed leverage was 9.8 to 1.

  Ford Motor Credit Company LLC is one of the world's largest automotive
  finance companies and has supported the sale of Ford Motor Company
  products since 1959.  Ford Motor Credit is an indirect, wholly owned
  subsidiary of Ford.  It provides automotive financing for Ford, Lincoln,
  Mercury, Jaguar, Land Rover, Mazda and Volvo dealers and customers.  More
  information can be found at http://www.fordcredit.com/ and at Ford Motor
  Credit's investor center, http://www.fordcredit.com/investorcenter/.

  - - - - -

* The financial results discussed herein are presented on a preliminary basis; final data will be included in our Annual Report on Form 10-K for the year ended December 31, 2007.

              FORD MOTOR CREDIT COMPANY LLC AND SUBSIDIARIES
                               PRELIMINARY
                     CONSOLIDATED STATEMENT OF INCOME
                              (in millions)

                                          Fourth Quarter       Full Year
                                       -------------------  ----------------
                                         2007        2006     2007     2006
                                       --------- ---------  ------- --------
                                            (Unaudited)   (Unaudited)
  Financing revenue
   Operating leases                    $1,680      $1,465   $6,343   $5,608
   Retail                                 895         879    3,475    3,649
   Interest supplements and other
    support costs earned from
    affiliated companies                1,214       1,004    4,592    3,487
   Wholesale                              525         571    2,132    2,419
   Other                                   41          52      174      215
                                       ------      ------   ------   ------
    Total financing revenue             4,355       3,971   16,716   15,378
  Depreciation on vehicles
   subject to operating leases         (1,667)     (1,370)  (6,188)  (5,189)
  Interest expense                     (2,166)     (2,096)  (8,630)  (7,818)
                                       ------      ------   ------   ------
   Net financing margin                   522         505    1,898    2,371
  Other revenue
   Investment and other income
    related to sales of receivables        83         126      391      668
   Insurance premiums earned, net          39          40      169      182
   Other income, net                      398         330    1,362    1,019
                                       ------      ------   ------   ------
    Total financing margin and
     other revenue                      1,042       1,001    3,820    4,240
  Expenses
   Operating expenses                     478         547    1,929    2,038
   Provision for credit losses            287          31      588       95
   Insurance expenses                      14          17       88      154
                                       ------      ------   ------   ------
    Total expenses                        779         595    2,605    2,287
                                       ------      ------   ------   ------
  Income before income taxes              263         406    1,215    1,953
  Provision for income taxes               83         127      446      670
                                       ------      ------   ------   ------
   Income before minority interests       180         279      769    1,283
  Minority interests in net income
   of subsidiaries                          0           0        0        0
                                       ------      ------   ------   ------
   Income from continuing operations      180         279      769    1,283
  Gain on disposal of discontinued
   operations                               6           -        6        -
                                       ------      ------   ------   ------
   Net income                          $  186      $  279   $  775   $1,283
                                       ======      ======   ======   ======

              FORD MOTOR CREDIT COMPANY LLC AND SUBSIDIARIES
                               PRELIMINARY
                        CONSOLIDATED BALANCE SHEET
                              (in millions)

                                                            December 31,
                                                       ---------------------
                                                         2007         2006
                                                       --------     --------
                                                      (Unaudited)
  ASSETS
   Cash and cash equivalents                          $ 14,137     $ 12,331
   Marketable securities                                 3,155       10,161
   Finance receivables, net                            111,468      109,405
   Net investment in operating leases                   29,663       25,939
   Retained interest in securitized assets                 653          990
   Notes and accounts receivable from
    affiliated companies                                   906          950
   Derivative financial instruments                      2,811        2,445
   Other assets                                          6,230        5,752
                                                      --------     --------
     Total assets
                                                      $169,023     $167,973
                                                      ========     ========

  LIABILITIES AND SHAREHOLDER'S INTEREST/EQUITY
  Liabilities
   Accounts payable
    Customer deposits, dealer reserves and other      $  1,837     $  1,509
    Affiliated companies                                 2,308        3,648
                                                      --------     --------
     Total accounts payable                              4,145        5,157
   Debt                                                139,411      139,740
   Deferred income taxes                                 5,380        6,783
   Derivative financial instruments                      1,376          937
   Other liabilities and deferred income                 5,314        3,588
                                                      --------     --------
     Total liabilities                                 155,626      156,205

  Minority interests in net assets of subsidiaries           3            3

  Shareholder's interest/equity
   Capital stock and paid in surplus                         -        5,149
   Shareholder's interest                                5,149            -
   Accumulated other comprehensive income                1,730          825
   Retained earnings                                     6,515        5,791
                                                      --------     --------
     Total shareholder's interest/equity                13,394       11,765
                                                      --------     --------
     Total liabilities and shareholder's
      interest/equity                                 $169,023     $167,973
                                                      ========     ========

              FORD MOTOR CREDIT COMPANY LLC AND SUBSIDIARIES
                           OPERATING HIGHLIGHTS

                                        Fourth Quarter         Full Year
                                      ------------------    ----------------
                                       2007        2006      2007      2006
                                      ------      ------    ------    ------
  Financing Shares
  United States
   Financing share - Ford, Lincoln
     and Mercury
    Retail installment and lease          32%        33%       38%       44%
    Wholesale                             78         80        78        80

  Europe
   Financing share - Ford
    Retail installment and lease          27%        30%       26%       27%
    Wholesale                             96         95        96        95

  Contract Volume - New and used
   retail/lease (in thousands)
  North America segment
    United States                        248        262     1,256     1,574
    Canada                                38         43       186       189
                                       -----      -----     -----     -----
     Total North America segment         286        305     1,442     1,763

  International segment
    Europe                               155        171       696       711
    Other international                   48         52       207       233
                                       -----      -----     -----     -----
     Total International segment         203        223       903       944
                                       -----      -----     -----     -----
       Total contract volume             489        528     2,345     2,707
                                       =====      =====     =====     =====

  Borrowing Cost Rate*                   6.2%       5.9%      6.1%      5.5%

  Charge-offs (in millions)
   On-Balance Sheet Receivables
    Retail installment & lease          $220       $158      $608      $465
    Wholesale                             (8)        19        17        44
    Other                                  4         12         7        14
                                       -----      -----     -----     -----
       Total charge-offs - on-
        balance sheet receivables       $216       $189      $632      $523
                                       =====      =====     =====     =====

   Total loss-to-receivables ratio      0.61%      0.56%     0.46%     0.39%

   Managed Receivables**
    Retail installment & lease          $237       $179      $673      $551
    Wholesale                             (8)        19        17        44
    Other                                  4         12         7        14
                                       -----      -----     -----     -----
       Total charge-offs - managed
        receivables                     $233       $210      $697      $609
                                       =====      =====     =====     =====

   Total loss-to-receivables ratio      0.62%      0.56%     0.47%     0.41%

  - - - - -

  *  On-balance sheet debt, includes the effects of derivatives and
       facility fees
  ** See appendix for additional information

              FORD MOTOR CREDIT COMPANY LLC AND SUBSIDIARIES
                                 APPENDIX

In evaluating Ford Motor Credit's financial performance, Ford Motor Credit management uses financial statements and other financial measures in accordance with Generally Accepted Accounting Principles ("GAAP"). Included below are brief definitions of key terms, information about the impact of on- balance sheet securitization and a reconciliation of non-GAAP measures to GAAP.

  NON-GAAP MEASURES AND KEY TERMS:
  --  Managed receivables:  receivables reported on Ford Motor Credit's
      balance sheet and receivables Ford Motor Credit sold in off-balance
      sheet securitizations and continues to service
  --  Charge-offs on managed receivables:  charge-offs associated with
      receivables reported on Ford Motor Credit's balance sheet and charge-
      offs associated with receivables that Ford Motor Credit sold in off-
      balance sheet securitizations and continues to service
  --  Equity:  shareholder's interest and historical stockholder's equity
      reported on Ford Motor Credit's balance sheet

  IMPACT OF ON-BALANCE SHEET SECURITIZATION:  Finance receivables (retail
      and wholesale) and net investment in operating leases reported on Ford
      Motor Credit's balance sheet include assets included in
      securitizations that do not qualify for accounting sale treatment.
      These assets are available only for repayment of the debt or other
      obligations issued or arising in the securitization transactions; they
      are not available to pay the other obligations of Ford Motor Credit or
      the claims of Ford Motor Credit's other creditors.  Debt reported on
      Ford Motor Credit's balance sheet includes obligations issued or
      arising in securitizations that are payable only out of collections on
      the underlying securitized assets and related enhancements.

  RECONCILIATION OF NON-GAAP MEASURES TO GAAP:

  Managed Leverage Calculation                  December 31,    December 31,
                                                   2007            2006
                                               --------------  -------------
                                                        (in billions)
  Total debt                                        $139.4         $139.7
  Securitized off-balance sheet
   receivables outstanding                             6.0           12.2
  Retained interest in securitized off-
   balance sheet receivables                          (0.7)          (1.0)
  Adjustments for cash and cash
   equivalents, and marketable securities*           (16.7)         (21.8)
  Adjustments for hedge accounting on total debt       0.0           (0.1)
                                                    ------         ------
    Total adjusted debt                             $128.0         $129.0
                                                    ======         ======

  Total shareholder's equity (including minority
   interest)                                        $ 13.4         $ 11.8
  Adjustments for hedge accounting on equity          (0.3)          (0.5)
                                                    ------         ------
    Total adjusted equity                           $ 13.1         $ 11.3
                                                    ======         ======

  Managed leverage (to 1) = adjusted debt / adjusted
   equity                                              9.8           11.4
  Memo:  Financial statement leverage (to 1) =
   total debt / total shareholder's equity            10.4           11.9

  Net Finance Receivables and
   Operating Leases                             Managed Receivables
                                         ---------------------------------
                                        On-Balance   Off-Balance
                                           Sheet        Sheet        Total
                                       ------------ -------------  --------
  December 31, 2007                                 (in billions)
  Retail installment                      $ 73.3      $  6.0       $ 79.3
  Wholesale                                 34.7           -         34.7
  Other finance receivables                  3.4           -          3.4
  Net investment in operating leases        29.7           -         29.7
                                          ------      ------       ------
   Total net finance receivables and
    operating leases                      $141.1      $  6.0       $147.1
                                          ======      ======       ======

  December 31, 2006
  Retail installment                      $ 70.4      $ 12.2       $ 82.6
  Wholesale                                 35.2           -         35.2
  Other finance receivables                  3.8           -          3.8
  Net investment in operating leases        25.9           -         25.9
                                          ------      ------       ------
   Total net finance receivables and
    operating leases                      $135.3      $ 12.2       $147.5
                                          ======      ======       ======

  - - - - -
  * Excludes marketable securities related to insurance activities.