Exhibit 5.1
and 23.1
Office of the General Counsel
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One American Road | |
Peter J. Sherry, Jr.
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Room 1134, WHQ | |
Associate General Counsel
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Dearborn, Michigan 48126 | |
313/323-2130 |
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313/248-8713 (Fax) |
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March 26, 2010
Ford Motor Company
One American Road
Dearborn, MI, 48126
One American Road
Dearborn, MI, 48126
Re: Registration Statement
Ladies and Gentlemen:
Reference is made to the Registration Statement on Form S-3 (the Registration Statement)
filed with the Securities and Exchange Commission (the Commission) on June 2, 2008, by Ford
Motor Company (the Company) for the registration of warrants to purchase common stock (the
Warrants). The Warrants have been issued pursuant to the provisions of a Warrant Agreement
(as amended and restated prior to the date hereof, the Warrant Agreement) between the Company
and Computershare Trust Company, N.A., as Warrant Agent (the Warrant Agent).
Pursuant to the terms of the Warrant Agreement, the Company has issued Warrants (the
Warrants) to purchase up to an aggregate of 362,391,305 shares of Ford Motor Company common
stock, par value $.01 per share (the Common Stock).
As Secretary of the Company, I am familiar with the Restated Certificate of Incorporation
and the By-laws of the Company and with the affairs of the Company. I also am familiar with
the Companys action taken pursuant to the Warrant Agreement to establish the Warrants. I have
also examined such other documents and instruments and have made such further investigation as
I have deemed necessary or appropriate in connection with this opinion.
Based on the foregoing, it is my opinion that:
1. The Warrants constitute legal, valid and binding obligations of the Company.
2. The Common Stock initially issuable upon exercise of the Warrants has been duly
authorized and reserved and, when issued upon exercise of the Warrants in accordance with the
terms of the Warrants and the Warrant Agreement, will be validly issued, fully paid and
non-assessable.
My opinions expressed herein are subject to the qualification that I express no opinion as
to the applicability of, compliance with, or effect of (i) any bankruptcy, reorganization,
insolvency, fraudulent transfer, fraudulent conveyance, moratorium or other similar law or
judicially developed doctrine in this area (such as substantive consolidation or equitable
subordination) affecting the enforcement of creditors rights generally, (ii) general
principles of equity (regardless of whether enforcement is considered in a proceeding in equity
or at law), and (iii) public policy considerations which may limit the rights of parties to
obtain certain remedies. I further express no opinion as to the validity, legally binding
effect or enforceability of any provision in the Warrants or the Warrant Agreement that
requires or relates to adjustments to the exercise price at a rate or in an amount that a court
would determine in the circumstances under applicable law to be commercially unreasonable or a
penalty or forfeiture.
I wish to point out that I am a member of the Bar of the State of Michigan and do not hold
myself out as an expert in the laws of other jurisdictions. However, I have made, or cause to
be made, such investigation as I have deemed appropriate with respect to the laws of other
jurisdictions in connection with the opinion expressed herein, and nothing has come to my
attention in the course of such investigation which would lead me to question the correctness
of such opinion.
I hereby consent to the filing of this opinion as Exhibit 5 to the Registration Statement.
In giving this consent, I do not admit that I am in the category of persons whose consent is
required under Section 7 of the Securities Act or the rules and regulations of the Commission
issued thereunder.
Very truly yours,
/s/ Peter J. Sherry, Jr.
Peter J. Sherry, Jr.
Secretary
Secretary
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