New Bus. Entity CEO appointed

Ford Motor Co
8 June 2005


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            FORD'S AL VER TO LEAD NEW BUSINESS ENTITY

DEARBORN, Mich., June 8, 2005 - Al Ver, Ford Motor Company's current vice
president of Advanced and Manufacturing Engineering, has been appointed chief
executive officer of the Ford-managed business entity the Company is forming
later this year to assume control of 24 Visteon Corp. plants and facilities in
North America. 

Ver, a 37-year industry veteran with 33 years of experience at Ford, will report
to Greg Smith, Ford's executive vice president and president, The Americas.
Previously, the Company had named Frank Macher the new business entity's CEO,
and Ver as its president and chief operating officer. However, the Company and
Macher could not come to terms on a final employment agreement. With his new
appointment, Ver will hold the titles of CEO and COO at the yet-to-be-named
business entity. Ver's successor will be named at a later date. 

Ford announced its plans to form the new business entity on May 25 after the
Company and Visteon signed a Memorandum of Understanding (MOU) which called for
the transfer of 24 of the supplier's plants and facilities in the U.S. and
Mexico to a Ford-managed entity. Over time, the Ford-managed entity would
prepare most of these transferred Visteon operations for sale to companies with
the expertise and capital to supply Ford with parts, systems and technologies
that are competitive in price and quality. The MOU is subject to customary
approvals and is expected to result in a closed transaction by September 30. 

Ford Motor Company, a global automotive industry leader based in Dearborn,
Michigan, manufactures and distributes automobiles in 200 markets across six
continents. With more than 324,000 employees 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 and The Hertz Corporation. 


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