FORD MOTOR CREDIT CO
COPY OF AMENDED & RESTATED PROFIT MAINTENANCE AGRM
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<TYPE>EX-10.A
<SEQUENCE>3
<FILENAME>k67328ex10-a.htm
<DESCRIPTION>COPY OF AMENDED & RESTATED PROFIT MAINTENANCE AGRM
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<B><FONT size="2">Exhibit&nbsp;10A</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">This AMENDED AND RESTATED PROFIT MAINTENANCE
AGREEMENT is dated as of January&nbsp;1, 2002 between Ford Motor
Company, a Delaware corporation (&#147;Ford&#148;), and Ford
Motor Credit Company, a Delaware corporation (&#147;Ford
Credit&#148;).
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<P align="center">
<FONT size="2">WITNESSETH:
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">WHEREAS, Ford and Ford Credit (i)&nbsp;entered
into a profit maintenance agreement dated as of
December&nbsp;12, 1974, as amended by amendments dated as of
April&nbsp;14, 1978, January&nbsp;15, 1980, March&nbsp;28, 1989,
March&nbsp;15, 1990, July&nbsp;1, 1993 and January&nbsp;1, 1999;
and (ii)&nbsp;desire to further amend and restate the same to
read as set forth below (such agreement as amended and restated
hereby being hereinafter called the &#147;Agreement&#148;).
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">NOW, THEREFORE, in consideration of the foregoing
and of the mutual agreements hereinafter provided, the parties
hereto hereby agree as follows:
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">1.&nbsp;As used herein, &#147;Invested
Capital&#148; shall mean an amount equal to Ford Credit&#146;s
total stockholder&#146;s equity, less any equity in the net
assets of unconsolidated subsidiaries, as shown on the balance
sheet of Ford Credit and its consolidated subsidiaries as of
December&nbsp;31 of the year preceding the calendar year for
which any computation is made hereunder.
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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.&nbsp;(a)&nbsp;Upon the demand of Ford Credit,
Ford shall make a payment to Ford Credit, as of the end of each
calendar quarter during the term of this Agreement (beginning
with the first quarter of 2002), equal to the greater of
(i)&nbsp;an amount sufficient to cause the income before income
taxes of Ford Credit and its consolidated subsidiaries for the
calendar year in which such calendar quarter falls, as shown on
a consolidated statement of income of Ford Credit and its
consolidated subsidiaries for such calendar quarter, to be not
less than 2% on an annualized basis of Invested Capital, or
(ii)&nbsp;an amount sufficient to cause the net income of Ford
Credit and its consolidated subsidiaries for the calendar year
in which such calendar quarter falls, as shown on such statement
of income, to be not less than 1% on an annualized basis of
Invested Capital. In the event that the amounts computed under
clauses (i)&nbsp;and (ii)&nbsp;above shall be equal, Ford shall
make a payment to Ford Credit equal to such amount. The
determination of whether and the extent to which any payment is
required to be made as of the end of a calendar quarter shall be
based on the latest available earnings forecast of Ford Credit
and its consolidated subsidiaries for such calendar quarter and
any actual earnings in any prior calendar quarters in the same
calendar year.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">(b)&nbsp;In the event that Ford shall have made a
payment to Ford Credit under paragraph&nbsp;2(a) with respect to
any calendar quarter, and Ford Credit thereafter shall have for
any subsequent calendar quarter during the same calendar year,
both (i)&nbsp;income before income taxes of Ford Credit and its
consolidated subsidiaries in an amount in excess of 2% on an
annualized basis of Invested Capital, and (ii)&nbsp;net income
of Ford Credit and its consolidated subsidiaries in an amount in
excess of 1% on an annualized basis of Invested Capital, Ford
Credit shall, upon demand of Ford, repay to Ford an amount equal
to the lesser of (A)&nbsp;an amount sufficient to reduce income
before income taxes of Ford Credit and its consolidated
subsidiaries to 2% on an annualized basis of Invested Capital,
or (B)&nbsp;an amount sufficient to reduce net income of Ford
Credit and its consolidated subsidiaries to 1% on an annualized
basis of Invested Capital (but not to exceed the aggregate of
any payments made to Ford Credit under paragraph&nbsp;2(a)
during such year less any prior repayments made by Ford Credit
during such year under this paragraph&nbsp;2(b)). In the event
that the amounts computed under clauses&nbsp;(A) and
(B)&nbsp;above shall be equal, Ford Credit shall make a
repayment to Ford equal to such amount.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">3.&nbsp;During the term of this Agreement, Ford
Credit shall continue to make inventory and capital financing
generally available to dealers of vehicles manufactured or sold
by Ford and shall continue to make retail and lease financing
generally available to such dealers&#146; customers to no less
an extent than Ford Credit historically has made such services
available.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">4.&nbsp;All determinations hereunder shall be
made in accordance with generally accepted accounting principles.
</FONT>

<P align="center"><FONT size="2">E-2
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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">5.&nbsp;This Agreement contains the entire
agreement between the parties hereto with respect to the
transactions contemplated hereby and shall supersede all prior
agreements between the parties hereto with respect to the
subject matter hereof.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">6.&nbsp;This Agreement shall continue
indefinitely until terminated by either party by such party
giving the other written notice of termination. If such notice
is given at least 10&nbsp;days prior to the first day of the
calendar quarter next succeeding the calendar quarter in which
the notice is given, then this Agreement shall terminate on such
date; otherwise it shall terminate on the first day of the
second next succeeding calendar quarter.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">IN WITNESS WHEREOF, the parties hereto have
caused this Agreement to be duly executed as of the day and year
first above written.
</FONT>
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	<TD width="38%"></TD>
	<TD width="62%"></TD>
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<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<FONT size="2">FORD MOTOR COMPANY
	</FONT></TD>
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	<TD width="38%"></TD>
	<TD width="2%"></TD>
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	<TD>&nbsp;</TD>
	<TD><FONT size="2">By:&nbsp;</FONT></TD>
	<TD align="left">
	<FONT size="2">/s/ ELIZABETH S. ACTON
	</FONT></TD>
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	<TD>&nbsp;</TD>
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	<HR size="1" align="left" noshade></TD>
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	<TD>&nbsp;</TD>
	<TD align="left">
	<FONT size="2">Name: Elizabeth S. Acton
	</FONT></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<FONT size="2">Title: Vice President and Treasurer
	</FONT></TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<FONT size="2">FORD MOTOR CREDIT COMPANY
	</FONT></TD>
</TR>

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	<TD>&nbsp;</TD>
	<TD><FONT size="2">By:&nbsp;</FONT></TD>
	<TD align="left">
	<FONT size="2">/s/ BIBIANA BOERIO
	</FONT></TD>
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	<TD>&nbsp;</TD>
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	<TD>&nbsp;</TD>
	<TD align="left">
	<FONT size="2">Name: Bibiana Boerio
	</FONT></TD>
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<TR valign="top">
	<TD>&nbsp;</TD>
	<TD><FONT size="2">Title:</FONT></TD>
	<TD align="left">
	<FONT size="2">Executive Vice President and
	</FONT></TD>
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	<TD>&nbsp;</TD>
	<TD align="left">
	<FONT size="2">Chief Financial Officer
	</FONT></TD>
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<P align="center"><FONT size="2">E-3
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