We're assuming at least 10,000 FoMoCo employees will be taking the long route home today, with the remainder of employees "left behind" wondering why they didn't take advantage of those early buyouts. But if this is a true "exodus" from Dearborn as Responding to alleged dealer grumbling at the National Automobile Dealers Association convention in Las Vegas, Ford CEO Alan Mulally agreed to step up and into an as yet undetermined dealership for one day to sell Fords directly. While details are still hazy as to when and where, we do know that Ford officials are busy selecting a time and place for the one day super blowout sale attempt at getting to know the customer. Mulally reportedly had more contact with customers when he was head of Boeing's commercial aeroplane division then he does now at the troubled blue oval, and is looking forward to meeting folks and selling some Fords. The big question is, what will he sell the most of? Now step right over here son, we've got a fine looking 707 only ever flown on Sundays by John Travolta with plenty of good hours left on her. – Mike Bumbeck

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The Freep's reporting former FoMoCo CEO Bill Ford Jr.'s selling his house on 17.1 acres of land in Ann Arbor, MI. The asking price is a mere $3.95 million for the David Osler-designed contemporary home built in 1980. And for those of you wondering -- no, Bill Ford's not leaving Michigan. Rather, he and his family have moved down the street to another palatial home or mansion of some sort. Somehow we think what with the announcement of Pfizer shutting down operations in the city you might be able to get a pretty good deal on it. And hey, he might even throw in an Edge or two if you're lucky. – Ray Wert

The big press conference call isn't until 9:00 AM, so you're just going to have to suck it up and take what we know from the press release we've got in hand straight out of the glass house in Dearborn. What we know is FoMoCo is reporting a fourth-quarter loss of $5.8 billion dollars, pegging the 2006 full-year net loss at a much greater than expected $12.7 billion. That's a net loss of $6.79 per share for the full year. But hey, not everything's doom and gloom over at the glass house. For instance FoMoCo PR's pointing out that in the fourth quarter, $3.7 billion of the loss relates to special charges, but oh wait -- they're also pointing out that revenues in the fourth quarter were down to $40.3 billion compared to $46.3 billion during the same quarter last year. Come on, there's got to be something good here in the release. Oh wait, here -- they've put together a list of highlights for folks to report on. Topping the list:"Alan Mulally joining Ford as president and CEO in September."Looks like they're doing everything possible to remind the media that this was all Bill Ford, Jr.'s fault. Not the world's worst idea -- here in Metro Detroit we've been told to "think Ford first" for years now. Full press release after the jump -- we're going to go and get ready for the conference call, so remember to check back here for the live-blog. – Ray Wert

FORD MOTOR COMPANY REPORTS 2006 FOURTH-QUARTER AND FULL-YEAR RESULTS*

* Full-year net loss of $12.7 billion, or $6.79 per share. Fourth-quarter net loss of $5.8 billion, or $3.05 per share.
* Full-year after-tax loss from continuing operations of $2.8 billion, or $1.50 per share, excluding special items. Fourth-quarter after-tax loss from continuing operations of $2.1 billion, or $1.10 per share, excluding special items.**
* Europe and South America were profitable for the full year, both improving on a year-over-year basis. North America, Premier Automotive Group and Asia Pacific and Africa reported full-year losses.
* Financial Se