Intended Redemption

Ford Motor Co
13 November 2002


FORD TO REDEEM SERIES B 
CUMULATIVE PREFERRED STOCK

Contact:

Dave Reuter
313.594.4410
[e-mail]

Media Information Centre
1.800.665.1515
[e-mail]


DEARBORN, Mich., November 13, 2002 - Ford Motor Company today announced that on
December 1, 2002, it intends to redeem all outstanding shares of its Series B
Cumulative Preferred Stock and all depositary shares that represent the stock.

The redemption price will be $25.00 per depositary share. Dividends payable on
December 1, 2002 will be paid in the normal course.

On October 29, 1992, Ford issued 45,600,000 of Series B depositary shares.
Approximately 7.1 million shares remain outstanding.

EquiServe Trust Company, N.A. is Ford's transfer agent and will act as the
redemption agent for this transaction. EquiServe's address is 150 Royal Street,
Canton, MA 02021.  

Preferred shareholders with questions regarding the details
of the redemption may call EquiServe at 1-800-251-4215.

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