Market Capitalization $48.1 Billion

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1 BUY HOLD SELL A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- Annual Dividend Rate BUY BUY RATING SINCE 05/18/2016 TARGET PRICE $14.24 BUSINESS DESCRIPTION ord Motor Company, together with its subsidiaries, designs, manufactures, markets, finances, and services automobiles. The company operates through two sectors, Automotive and inancial Services. STOCK PERORMANCE (%) 3 Mo. 1 Yr. 3 Yr (Ann) Price Change GROWTH (%) Last Qtr 12 Mo. 3 Yr CAGR Revenues Net Income EPS RETURN ON EQUITY (%) Ind Avg S&P 500 Q Q Q P/E COMPARISON Sector: Consumer Goods & Svcs Sub-Industry: Automobile Manufacturers Source: S&P Weekly Price: (US$) SMA (50) SMA (100) 1 Year 2 Years COMPUSTAT for Price and Volume, TheStreet Ratings, Inc. for Rating History TARGET PRICE $14.24 Rating History BUY HOLD BUY Volume in Millions RECOMMENDATION We rate () a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any nesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company has had sub par growth in net income Ind Avg S&P 500 HIGHLIGHTS Despite its growing revenue, the company underperformed as compared with the industry average of 8.5%. Since the same quarter one year prior, revenues slightly increased by 6.0%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share. EPS ANALYSIS¹ ($) The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Automobiles industry and the overall market, 's return on equity significantly exceeds that of both the industry average and the S&P 500. Q Q Q Q Q Q Q NA = not available NM = not meaningful Q Q Q Compustat fiscal year convention is used for all fundamental data items. Net operating cash flow has increased to $7, million or 48.59% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 19.54%. 's earnings per share declined by 9.3% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, increased its bottom line by earning $1.85 versus $0.78 in the prior year. This year, the market expects an improvement in earnings ($1.89 versus $1.85). PAGE 1

2 PEER GROUP ANALYSIS REVENUE GROWTH AND EBITDA MARGIN* Revenue Growth (TTM) TSLA -5% 25% UNAVORABLE -5% EBITDA Margin (TTM) CAU WGO TM THO GM AVORABLE HMC HOG 30% Companies with higher EBITDA margins and revenue growth rates are outperforming companies with lower EBITDA margins and revenue growth rates. Companies for this scatter plot have a market capitalization between $642.5 Million and $198.5 Billion. Companies with NA or NM values do not appear. *EBITDA Earnings Before Interest, Taxes, Depreciation and Amortization. REVENUE GROWTH AND EARNINGS YIELD Revenue Growth (TTM) -5% 25% TSLA UNAVORABLE -5% CAU Earnings Yield (TTM) HMC THO HOG WGO TM AVORABLE GM 25% Companies that exhibit both a high earnings yield and high revenue growth are generally more attractive than companies with low revenue growth and low earnings yield. Companies for this scatter plot have revenue growth rates between -0.9% and 23.4%. Companies with NA or NM values do not appear. INDUSTRY ANALYSIS The automobile industry is comprised of companies that design, manufacture, engineer, assemble and market automobiles and motorcycles as well as provide leasing and financial services. Industry performance is closely linked with overall economic performance. Major players include General Motors (GM), ord Motor Company () and Chrysler. This group is commonly referred to as Detroit s big three. BMW, Daimler, Honda (HMC), Hyundai, Mazda, Nissan, Subaru, Toyota (TM) and Harley-Davidson (HOG) are other prominent players. There are also niche players such as Winnebago Industries (WGO) for motor- homes and Tesla Motors (TSLA) for high-end electric cars. Moderating oil prices have not shifted demand back to heavy SUVs and other trucks as more fuel-efficient options are now available. This change in consumer preferences has supported German, Japanese and Korean manufacturers, whose market share has consequently expanded. The big three are trying to adapt their product lines to changing preferences. Huge health care and fringe benefits provided to big three employees give foreign competitors a advantage. All three are negotiating new labor contracts with the United Auto Workers (UAW) union. With these on-going negotiations, the big three hope to reduce the profit-per-vehicle gap. Reduced sales, different platforms for parts, high raw material costs and tough exchange rates are other hurdles facing the industry. US congress toughened the Corporate Average uel Economy (CAE) regulations that no longer grant exemptions to light trucks classified as SUVs or passenger vans unless they exceed 10,000 lbs. In the near future, the standard is to be modified to accommodate many larger vehicles. Consumer choice in vehicles is more than ever being influenced by fuel efficiency. Automakers are exploring alternate fuels such as ethanol and electric fuel cells and are delivering hybrid gasoline-electric vehicles and pure-electric car for sale. The new cars are lighter, provide better fuel efficiency, enhanced safety features, and many come with tax credits from the government to make costs competitive. Having an auto industry is considered to be in the strategic interest of America and was bailed-out to help it survive the Great Recession.Manufacturers have recognized growing demand from developing economies and the opportunity to increase auto parts sourcing from these economies. PEER GROUP: Automobiles Recent Market Price/ Net Sales Net Income Ticker Company Name Price ($) Cap ($M) Earnings TTM ($M) TTM ($M) , , , HOG HARLEY-DAVIDSON INC , , WGO WINNEBAGO INDUSTRIES HMC HONDA MOTOR CO LTD , , , GM GENERAL MOTORS CO , , , THO THOR INDUSTRIES INC , , TSLA TESLA MOTORS INC ,234 NM 4, , TM TOYOTA MOTOR CORP , , , CAU IAT CHRYSLER AUTOMOBILES NV , , The peer group comparison is based on Major Automobile Manufacturers companies of comparable size. PAGE 2

3 Annual Dividend Rate COMPANY DESCRIPTION ord Motor Company, together with its subsidiaries, designs, manufactures, markets, finances, and services automobiles. The company operates through two sectors, Automotive and inancial Services. The Automotive sector develops, manufactures, distributes, and services passenger cars, trucks, SUVs, light commercial vehicles, trucks, vans, and electrified vehicles, as well as offers parts and accessories. It offers vehicles primarily under the ord and Lincoln brand names. This sector markets and sells its products through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments. The inancial Services sector offers various automotive financing products to and through automotive dealers. It provides financing products, including retail installment sale contracts for new and used vehicles; and direct financing leases for new vehicles to retail and commercial customers, government entities, daily rental car companies, leasing companies, and fleet customers. This sector also offers wholesale loans to dealers to finance the purchase of vehicle inventory; and loans to dealers to finance working capital and improvement of dealership facilities, purchase dealership real estate, and other dealer vehicle programs. It serves clients in North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. ord Motor Company was founded in 1903 and is based in Dearborn, Michigan. One American Road Dearborn, MI USA Phone: Employees: STOCK-AT-A-GLANCE Below is a summary of the major fundamental and technical factors we consider when determining our overall recommendation of shares. It is provided in order to give you a deeper understanding of our rating methodology as well as to paint a more complete picture of a stock's strengths and nesses. It is important to note, however, that these factors only tell part of the story. To gain an even more comprehensive understanding of our stance on the stock, these factors must be assessed in combination with the stock s valuation. Please refer to our Valuation section on page 5 for further information. ACTOR SCORE Growth 4.5 out of 5 stars Measures the growth of both the company's income statement and cash flow. On this factor, has a growth score better than 80% of the stocks we rate. Total Return 1.0 out of 5 stars Measures the historical price movement of the stock. The stock performance of this company has beaten 10% of the companies we cover. Efficiency 4.0 out of 5 stars Measures the strength and historic growth of a company's return on invested capital. The company has generated more income per dollar of capital than 70% of the companies we review. Price volatility 2.0 out of 5 stars Measures the volatility of the company's stock price historically. The stock is less volatile than 30% of the stocks we monitor. Solvency 2.0 out of 5 stars Measures the solvency of the company based on several ratios. The company is more solvent than 30% of the companies we analyze. Income 5.0 out of 5 stars Measures dividend yield and payouts to shareholders. The company's dividend is higher than 90% of the companies we track. THESTREET RATINGS RESEARCH METHODOLOGY TheStreet Ratings' stock model projects a stock's total return potential over a 12-month period including both price appreciation and dividends. Our Buy, Hold or Sell ratings designate how we expect these stocks to perform against a general benchmark of the equities market and interest rates. While our model is quantitative, it utilizes both subjective and objective elements. or instance, subjective elements include expected equities market returns, future interest rates, implied industry outlook and forecasted company earnings. Objective elements include volatility of past operating revenues, financial strength, and company cash flows. Our model gauges the relationship between risk and reward in several ways, including: the pricing drawdown as compared to potential profit volatility, i.e.how much one is willing to risk in order to earn profits; the level of acceptable volatility for highly performing stocks; the current valuation as compared to projected earnings growth; and the financial strength of the underlying company as compared to its stock's valuation as compared to projected earnings growth; and the financial strength of the underlying company as compared to its stock's performance. These and many more derived observations are then combined, ranked, weighted, and scenario-tested to create a more complete analysis. The result is a systematic and disciplined method of selecting stocks. PAGE 3

4 Consensus EPS Estimates² ($) IBES consensus estimates are provided by Thomson inancial INANCIAL ANALYSIS 's gross profit margin for the second quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased. has average liquidity. Currently, the Quick Ratio is 1.09 which shows that technically this company has the ability to cover short-term cash needs Q3 Y E 2016(E) 1.88 E 2017(E) During the same period, stockholders' equity ("net worth") has increased by 18.25% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit INCOME STATEMENT Net Sales ($mil) 39, , EBITDA ($mil) 4, , EBIT ($mil) 2, , Net Income ($mil) 1, , BALANCE SHEET Cash & Equiv. ($mil) 39, , Total Assets ($mil) 239, , Total Debt ($mil) 139, , Equity ($mil) 31, , PROITABILITY Gross Profit Margin 20.86% 21.30% EBITDA Margin 10.17% 13.72% Operating Margin 7.39% 8.74% Sales Turnover Return on Assets 3.53% 1.94% Return on Equity 27.23% 15.94% DEBT Current Ratio 1.24 NA Debt/Capital Interest Expense Interest Coverage SHARE DATA Shares outstanding (mil) 3,973 3,968 Div / share EPS Book value / share Institutional Own % NA NA Avg Daily Volume 34,307,180 32,755,974 2 Sum of quarterly figures may not match annual estimates due to use of median consensus estimates. PAGE 4

5 RATINGS HISTORY Our rating for has not changed since 5/16/2016. As of 8/18/2016, the stock was trading at a price of which is 22.2% below its 52-week high of $15.84 and 18.1% above its 52-week low of $ Year Chart BUY: $ HOLD: $11.85 BUY: $13.16 $18 $15 $13 MOST RECENT RATINGS CHANGES Date Price Action rom To 5/18/16 $13.16 Upgrade Hold Buy 1/27/16 $11.85 Downgrade Buy Hold 8/18/14 $17.43 No Change Buy Buy Price reflects the closing price as of the date listed, if available RATINGS DEINITIONS & DISTRIBUTION O THESTREET RATINGS (as of 8/18/2016) 40.77% Buy - We believe that this stock has the opportunity to appreciate and produce a total return of more than 10% over the next 12 months % Hold - We do not believe this stock offers conclusive evidence to warrant the purchase or sale of shares at this time and that its likelihood of positive total return is roughly in balance with the risk of loss % Sell - We believe that this stock is likely to decline by more than 10% over the next 12 months, with the risk involved too great to compensate for any possible returns. TheStreet Ratings 14 Wall Street, 15th loor New York, NY Research Contact: Sales Contact: VALUATION BUY. This stock's P/E ratio indicates a discount compared to an average of 9.93 for the Automobiles industry and a significant discount compared to the S&P 500 average of To use another comparison, its price-to-book ratio of 1.57 indicates a discount versus the S&P 500 average of 2.83 and a significant discount versus the industry average of The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, ORD MOTOR CO proves to trade at a discount to investment alternatives within the industry. Price/Earnings 5.82 Peers 9.93 Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. Price/Projected Earnings 6.56 Peers 9.81 Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. Price/Book 1.57 Peers 3.80 Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. Price/Sales 0.31 Peers 1.14 Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. is trading at a significant discount to its industry on this measurement. DISCLAIMER: Price/Cashlow 2.40 Peers 4.51 Discount. The P/C ratio, a stock s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. Price to Earnings/Growth 2.15 Peers 1.21 Premium. The PEG ratio is the stock s P/E divided by the consensus estimate of long-term earnings growth. aster growth can justify higher price multiples. trades at a significant premium to its peers. Earnings Growth lower higher Peers Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. is expected to have an earnings growth rate that significantly exceeds its peers. Sales Growth lower higher 9.61 Peers Lower. A sales growth rate that trails the industry implies that a company is losing market share. significantly trails its peers on the basis of sales growth The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but TheStreet Ratings cannot guarantee its accuracy and completeness, and that of the opinions based thereon. Data is provided via the COMPUSTAT Xpressfeed product from Standard &Poor's, a division of The McGraw-Hill Companies, Inc., as well as other third-party data providers. TheStreet Ratings is a division of TheStreet, Inc., which is a publisher. This research report contains opinions and is provided for informational purposes only. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional, before you make any investment. None of the information contained in this report constitutes, or is intended to constitute a recommendation by TheStreet Ratings of any particular security or trading strategy or a determination by TheStreet Ratings that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. Your use of this report is governed by TheStreet, Inc.'s Terms of Use found at PAGE 5