New Venture, etc.

Ford Motor Co
31 July 2000

FORD, QUALCOMM TO CREATE TELEMATICS VENTURE

DEARBORN, Mich., July 31, 2000 -- Ford Motor Company (NYSE:F ) and QUALCOMM
Incorporated (NASDAQ: QCOM) today announced the creation of a new company that
will develop and deliver wireless mobility and information services that will
bring voice, entertainment, Internet access and safety services into cars and
trucks.

Known at present as Wingcast, the new company will become a comprehensive
provider of telematics services to global consumers. The new company will work
with the leading industry hardware, software, and content providers to offer
state-of-the-art, in-vehicle applications to consumers.

Ford Motor Company cars and trucks will be the initial recipients of these newly
developed products and services. Ford expects more than a million of its new
cars and trucks to be equipped by the end of 2002, three million by 2003 and
virtually all of its cars and trucks by the end of 2004, with the level and
depth of services increasing each year during that period.

'Wingcast is Ford's vehicle for redefining the future of mobile communications,'
said Jac Nasser, Ford Motor Company president and chief executive officer. 'We
are not only transforming the automobile into the next mobile portal, but also
are creating a new company that will develop and deliver a collection of
leading-edge technologies and services.'

'The wireless and telematics industries are at a pivotal point as we approach a
new era of the wireless Internet,' said Dr. Irwin M. Jacobs, chairman and chief
executive officer of QUALCOMM. 'Beginning next year, evolved and new CDMA
cellular networks will enable high-speed, widely available, low-cost access to
the information superhighway. Wingcast will support a broad range of mobile
services and become the first portal to offer consumers unparalleled wireless
Internet access.'

Combining QUALCOMM's Code Division Multiple Access (CDMA) wireless technology
with Ford Motor Company's telematics and consumer expertise, Wingcast will bring
to consumers seamless access to applications and services including
communication, information, navigation, entertainment, safety and security from
their cars and trucks as well as any compatible mobile device or computer.
Located in San Diego, Calif., Wingcast plans to introduce its first services in
cars and trucks in late 2001.

Harel Kodesh, formerly of Microsoft, has been chosen to lead Wingcast as its
president and CEO. 'Harel Kodesh is the right choice to lead the creation of
wireless, in-vehicle services for our global consumers,' said Brian Kelley, vice
president of Ford and president, ConsumerConnect. 'His depth of expertise and
experience will jump-start our new venture.'

'QUALCOMM is focused on driving demand for high-speed, high-capacity wireless
data through the wireless Internet that is enabled by all forms of CDMA,
including cdmaONe, cdma2000 and WCDMA,' said Paul E. Jacobs, executive vice
president and the next president of QUALCOMM. 'Wingcast's new services will
extend beyond the car, providing the critical mass of customers to drive new
technologies and standards into the automotive, telecommunications and Internet
industries.'

Nissan is working with Ford Motor Company and QUALCOMM to bring Wingcast
services into certain luxury vehicles. Nissan may extend the use of these
applications to a broader selection of Nissan and Infiniti vehicles in the
future.

'Wingcast services will enable Nissan customers to access the information and
applications most relevant in a mobile environment,' said Ron D'Amico, vice
president, Nissan Technical Center North America. 'Wingcast goes beyond standard
automotive applications to offer users greater security, information and
entertainment applications and that they can access anytime, not only from
within the car, but also from a variety of wireless devices.'

'Cars and trucks will soon become the fastest growing mobile platform for
seamless communications and digital information services,' said Kodesh.
'Wingcast will leverage best-of-breed technologies to deliver unique
capabilities that are completely focused on the customers and their
experiences.'

International Data Corporation has estimated that the telematics market will
grow to $42 billion by 2010 from $1 billion in 1998.

Ford and QUALCOMM each will own equity in Wingcast, but terms have not been
disclosed. Additionally, Cartell, a Romulus, Mich.-based supplier of telematics
equipment to automakers, is a minority equity stakeholder in the company.

Wingcast services will be available initially in North America over cdmaOne(TM)
digital wireless networks. Advanced offerings using high-speed wireless data
will become available as third-generation cdma2000 and WCDMA networks roll out.

Ford Motor Company (www.ford.com) is the world's leading truck manufacturer and
the second largest manufacturer of cars and trucks combined. Worldwide revenues
in 1999 exceeded $162 billion with net income at a record $7.2 billion. More
than 20,000 dealers serve customers in more than 200 markets. Ford's automotive
brands include Aston Martin, Ford, Jaguar, Land Rover, Lincoln, Mazda, Mercury,
Th!nk, and Volvo. Other major businesses include Ford Credit and Hertz.

In July, Ford Motor Company, headquartered in Dearborn, Mich., reported record
second-quarter operating earnings of $2.7 billion, the 17th consecutive quarter
of improved operating results. Worldwide car and truck sales in 1999 exceeded
7.2 million units.

QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and
delivering innovative digital wireless communications products and services
based on the company's CDMA digital technology. QUALCOMM's business areas
include integrated CDMA chipsets and systems software, technology licensing,
Eudora(R) e-mail software for Windows(R) and Macintosh(R) computing platforms,
and satellite-based systems including OmniTRACS(R) and portions of the
Globalstar(TM) system and wireless fleet management systems, OmniTRACS(R) and
OmniExpress(TM). QUALCOMM owns patents, which are essential to all of the CDMA
wireless telecommunications standards that have been adopted or proposed for
adoption by standards-setting bodies worldwide. QUALCOMM has licensed its
essential CDMA patent portfolio to more than 80 telecommunications equipment
manufacturers worldwide. Headquartered in San Diego, QUALCOMM is included in the
Standard & Poor's 500 Index and is a 2000 Fortune 500(R) company traded on The
Nasdaq Stock Market under the ticker symbol QCOM.

Except for the historical information contained herein, this news release
contains forward-looking statements that are subject to risks and uncertainties,
including timely product development, Wingcast's ability to successfully develop
and provide services on a timely and profitable basis, and those related to
changes in economic conditions of the various markets the company will serve, as
well as the other risks detailed from time to time in Ford's or QUALCOMM's SEC
reports.



Ford and Nissan are registered trademarks of their respective companies.
QUALCOMM and OmniTRACS are registered trademarks of QUALCOMM Incorporated.
Globalstar is a trademark of Loral QUALCOMM Satellite Services, Incorporated.
cdmaOne is a trademark of the CDMA Development Group. All other trademarks are
the property of their respective owners.

Media contacts:

Ford Motor Company:
Fara Warner, ConsumerConnect Communications
313-594-7899 (telephone); 313-390-1220 (fax)
e-mail: [e-mail]

or

Mel Stephens, Ford Investor Relations
313-323-8220 (telephone); 313-845-6073 (fax)
e-mail: [e-mail]


QUALCOMM:
Christine Trimble, Corporate Public Relations
858-651-3628 (telephone); 858-651-2590 (fax)
e-mail: [e-mail]

or

Julie Cunningham, Investor Relations
858-658-4224 (telephone); 858-651-9303 (fax)
e-mail: [e-mail]