Dividend Declaration

Ford Motor Co
11 January 2002


This is to advise you that the Board of Directors of Ford Motor Company declared
dividends of 10 cents per share on the Company's outstanding Class B Stock and 
Common Stock and $0.515625 a share on the depositary shares representing its 
Series B Cumulative Preferred Stock ('Series B Preferred'), payable March 1, 
2002 to stockholders of record on January 30, 2002.

The amount of the dividend on the Class B and Common Stock is 33 percent less 
than the dividend of 15 cents per share paid thereon in the fourth quarter of 
2001. The amount of the dividend on the Series B Preferred is the same as the 
dividend paid in the fourth quarter of 2001.
 
 


FORD DECLARES FIRST-QUARTER DIVIDENDS


DEARBORN, Mich., Jan. 11, 2002 - The Ford Motor Company Board of Directors 
(NYSE: F) today declared a first-quarter dividend of 10 cents a share on the 
company's Class B and common stock. This represents a 33 percent decrease from 
the 15 cents a share paid in the fourth quarter of 2001. It represents a 67 
percent reduction from the 30 cents a share paid in the third quarter of 2001.

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 first-quarter dividends are payable on March 1, 2002 to shareholders of 
record on Jan. 30, 2002.


Contact:
Media:                
Todd Nissen
1.313.594.4410
[e-mail]

Securities Analysts:
Anne Bork
1.313.323.8221
[e-mail]

Shareholder Inquiries:
1.800.555.5259 or
1.313.845.8540
[e-mail]

Media Information Center
1.800.665.1515 or
1.313.621.0504
[e-mail] 


Go to http://media.ford.com
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