Public Offering of Securities

Ford Motor Co
11 January 2002

Contact:
Media
Todd Nissen 
313.594.4410
[e-mail]

Securities Analysts 
Anne Bork 
1.313.323.8221 
[e-mail]

Shareholder Inquiries 
1.800.555.5259 or 
1.313.845.8540


Media Information Center 
1.800.665.1515 or 
1.313.621.0504 
[e-mail]

                        FORD MOTOR COMPANY TO OFFER TRUST 
                        PREFERRED CONVERTIBLE SECURITIES

DEARBORN, Mich., Jan. 11 - Ford Motor Company (NYSE: F) today announced that it 
plans to publicly offer for sale approximately £3 billion of trust preferred 
convertible securities. The offering is expected to take place early in the 
first quarter of this year.

The securities, which will be convertible into Ford common stock, will be 
offered by Ford. Proceeds from the offering will be used by Ford for general 
corporate purposes.

The managing underwriters for the offering will be Goldman, Sachs & Co., 
JPMorgan, Morgan Stanley and Salomon Smith Barney.

When available, a prospectus relating to the offering may be obtained from:

Ford Motor Company
One American Road
Dearborn, MI 48126
Attention: Shareholder Relations Department


Go to http://media.ford.com 
for news releases and 
high-resolution photographs.

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.