Dividend Declaration

FORD MOTOR COMPANY
14 October 1999


Contact:  Jim Cain
          [phone]

FORD MOTOR COMPANY INCREASES FOURTH-QUARTER DIVIDEND BY NINE PERCENT

DEARBORN, Mich., October 14, 1999 -- The Board of Directors of Ford Motor
Company (NYSE:F) has declared a fourth-quarter dividend of 50 cents per share on
the company's Class B and common stock.  The dividend represents an increase of
four cents per share, or nine percent, compared with the dividend paid in the
third quarter of 1999.

Ford has increased the dividend on the company's Class B and common stock eight
times since the second-quarter of 1994.  Since that time, the quarterly
dividend has more than doubled from 22.5 cents per share.

'Ford Motor Company's objective is to deliver a total return to shareholders in
the top quartile of the S&P 500 over time.  We will achieve this with an
attractive dividend yield and growth in our share price driven by our
transformation into the world's leading consumer company for automotive products
and services,' said Chairman William Clay Ford, Jr.

The board also declared a dividend of 51.5625 cents a share on the depositary
shares representing the company's Series B Cumulative Preferred Stock.  The
dividend on the Series B Preferred Stock equals the quarterly amount of the
annual cumulative dividend of $2.0625 per depositary share.

The fourth-quarter dividends are payable on December 1, 1999 to shareholders of
record on November 1.