Dividend Declaration

Ford Motor Co
13 July 2006

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FOR IMMEDIATE RELEASE

FORD DECLARES REDUCTION IN QUARTERLY DIVIDEND; 
DIRECTORS REDUCE THEIR COMPENSATION

DEARBORN, Mich., July 13,2006 - The Board of Directors of Ford Motor Company
(NYSE: F) today declared a third quarter dividend of 5 cents per share on the
company's Class B and common stock. The dividend, which is payable on Sept.
1,2006 to shareholders of record on Aug. 2,2006, is a reduction of 5 cents per
share from the dividend paid in the second quarter of 2006.

In addition, the Board of Directors voluntarily reduced board member fees by
half.

'Our directors are well aware of the difficulties and sacrifices involved in
turning around our company,' said Bill Ford, chairman and chief executive
officer. 'They have underscored this by voting to reduce their own compensation.

'The directors also agreed that a reduction in the dividend is consistent with a
broad range of actions we are taking across the company to support and improve
the performance of our automotive operations,' he said. 'Strong liquidity is an
important enabler of our on-going turnaround efforts and this action will make
an important contribution.'

Ford added, 'In the face of increasing challenges, we will continue to look for
other efficiencies and savings, and we are accelerating ongoing efforts to
integrate the product plans of our North America and International operations
through our global product development system. The headwinds we faced at the
beginning of 2006 have only become stronger, as consistently higher gasoline
prices in the U.S. have caused consumer purchase preferences to shift away from
SUVs and large trucks to smaller cars and crossover vehicles. While this shift
plays positively to our new vehicle offerings, we must still get our costs in
line in response to segment adjustments and higher commodity prices that are
affecting the company. Still, we continue to see progress in many of our
operations around the world, and I remain highly confident in the long-term
success of the company.'

Ford Motor Company, a global automotive industry leader based in Dearborn,
Mich., manufactures and distributes automobiles in 200 markets across six
continents. With about 300,000 employees and 108 plants 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.





                      This information is provided by RNS
            The company news service from the London Stock Exchange
    

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