Disposal

Ford Motor Co
15 November 2004



FORD MOTOR COMPANY SECURES THE SALE OF ITS FORMULA ONE BUSINESSES, 
JAGUAR RACING AND COSWORTH


LONDON, 15 November 2004 - Ford Motor Company is announcing today that it has
secured the sale of Cosworth, its motorsport technology engineering company and
supplier of Formula One engines, and Jaguar Racing Limited, its Formula One
team. The terms of each sale were not disclosed.


Cosworth's new owners are Kevin Kalkhoven and Gerald Forsythe, co-owners of the
Champ Car World Series and heads of the PKV and Forsythe Championship Racing
Champ Car teams respectively.


Jaguar Racing has been purchased by Red Bull, the world leader in energy drinks.
The company was a sponsor of Jaguar Racing in 2004, and has been extensively
involved in Formula One and global motorsport for over a decade. The new Formula
One team will continue to purchase engines from Cosworth, thereby helping to
ensure a positive future for the Northampton-based, motor sport technology
engineering company.


'Having taken the tough decision to exit Formula One after over 35 years in the
sport, our focus has been to secure the best future for our Formula One
businesses and our employees,' said Mark Fields, executive vice president, Ford
of Europe and chairman and CEO, Premier Automotive Group. 'We now will
concentrate our efforts to improve the results of Jaguar Cars and the Premier
Automotive Group,' added Fields.


The sale of these businesses is part of the improvement actions Ford Motor
Company announced 17 September 2004 for its Jaguar Cars unit. These actions
include Ford's exit from Formula One and the sale of the Jaguar Racing and
Cosworth businesses.


Ford Motor Company, a global automotive industry leader based in Dearborn,
Michigan, manufactures and distributes automobiles in 200 markets across six
continents. With more than 326,000 employees worldwide, the company's core and
affiliated automotive brands include Aston Martin, Ford, Jaguar, Land Rover,
Lincoln, Mazda, Mercury and Volvo. Its automotive-related services include Ford
Motor Credit Company and Hertz.





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