Frthr re Securities Offering

Ford Motor Co 17 January 2002 Contact: Media Todd Nissen 313.594.4410 tnissen@ford.com Securities Analysts Mark Oswald 1-313-390-4563 moswald@ford.com Shareholder Inquiries 1.800.555.5259 or 1.313.845.8540 Media Information Center 1.800.665.1515 or 1.313.621.0504 media@ford.com Go to http://media.ford.com for news releases and high-resolution photographs FORD MOTOR COMPANY FILES FOR TRUST PREFERRED CONVERTIBLE SECURITIES OFFERING DEARBORN, Mich., Jan. 17 - Ford Motor Company (NYSE: F) announced that it is today filing with the Securities and Exchange Commission an amendment to its universal 'shelf' registration statement, which will include a prospectus supplement for its offering of trust preferred convertible securities. Last week Ford announced plans to publicly offer for sale approximately $3 billion of convertible trust preferred securities, convertible into Ford common stock. A 'roadshow' for the offering will commence tomorrow. Pricing of the securities is expected to occur next week and settlement the following week. The securities will be offered by Ford and the proceeds from the offering will be used by Ford for general corporate purposes. The managing underwriters for the offering will be Goldman, Sachs & Co., JP Morgan, Morgan Stanley and Salomon Smith Barney. A prospectus relating to the offering may be obtained from: Ford Motor Company One American Road Dearborn, MI 48126 Attention: Shareholder Relations Department Ford Motor Company is the world's second largest automaker, selling vehicles in 200 markets and with approximately 345,000 employees on six continents. Its automotive brands include Aston Martin, Ford, Jaguar, Land Rover, Lincoln, Mazda, Mercury and Volvo. Its automotive related services include Ford Credit, Hertz and Quality Care. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
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