Yeah the most significant Joann is the direct loan that the European Automotive Industry Association has requested from the European Commission of 40.0 billion Euros and we are working within the ACEA association to pursue that opportunity. That’s very similar to the intent of the U.S. Energy and Independence and Security Act because it’s particularly associated with the very significant improvement in CO2 and fuel economy that the European industry is having to make between now and 2012.

Joann Muller – Forbes

That’s a perfect lead in there for my final question and it is really obviously the government doesn’t want to just throw good money after bad here. They have been critical of some of the decisions that the auto industry has made in the past and I think that it seems like they are looking for some strings attached. My question is then, what strings do you think are reasonable here, but more importantly, how will those strings change the way the auto industry looks five to ten year from now?

Alan Mulally

Sure, I think it’s premature to speculate on what will be in the agreements that we reach, but I would offer that the tone of the conversations is very positive, because of the actions that have been taken over the last few years by the automobile industries in support of energy security, energy independence and sustainability and as you well know, we stepped up first when we went through that legislative process over the last few years to be part of the answer to those very important issues. So the response that we are getting is that this is an important industry, we’re moving in the right direction, and in Ford’s case we’re improving the efficiency on every vehicle size. We are complementing our larger vehicles with a full complement of small- and medium-size fuel-efficient vehicles. So we are getting a very positive response and the real conversation about additional financing is really around the fact of how important the industry is and if the economy really degraded substantially it’s a very important aspect that we have the automobile industry stay in business to be part of the answer of economic recovery. So that’s really the tone of the conversations. And I think it’s just too early right now to speculate on what the agreements will entail.

Lillian Etzkorn

Thank you Alan and that’s going to conclude today’s presentation.

Alan Mulally

I would like to say one last thing. My team has surrounded me with notes saying that I misspoke earlier and that I said Ford instead of the Taurus, which will be delivered next year with the eco-boost engine. So it’s the Taurus and not the Focus that I said. Okay it is a clarification and okay is that right? Okay good. Thank you.

Lillian Etzkorn

Thank you again everybody.

Operator

Ladies and gentlemen, thank you for your participation in Ford Motor Co’s third quarter earnings conference call. This concludes today’s your presentation. We’ll now disconnect.