1980 was a referendum on Carter's incompetence, the hostage crisis, & the economy, so Ford wins their re-match comfortably. He'd probably pick a VP from the conservative wing, as they were dominant by that time.
Former President Gerald Ford (R-CA)/Congressman Jack Kemp (R-NY): 445 EV; 55%President Jimmy Carter (D-GA)/Vice President Walter Mondale (D-MN): 93 EV; 43%No Reagan victory has huge butterflies for American politics, though. Ford wasn't a hawk on the Cold War or a supply-sider, so the effects on economics & foreign policy would be huge.