Value Enhancement Plan

Ford Motor Co
20 June 2000


Contact:   Media Inquiries      Securities Analysts      Shareholder Inquiries
           Karen Hampton        Mike Holland             800-555-5259 or
           313-594-4410         313-323-8221             313-845-8540   

FORD SETS RECORD DATE FOR VALUE ENHANCEMENT PLAN VOTING

DEARBORN, Mich., June 20, 2000 - Ford Motor Company (NYSE: F) today announced
that shareholders of record on June 27 will be eligible to vote on the company's
$10 billion Value Enhancement Plan (VEP).

There will be a special shareholders meeting later this summer for Ford Motor
Company shareholders to vote on the VEP. The time, date and location of the
meeting will be announced at a later date. Shareholders unable to attend will be
able to cast their votes by phone, mail or the Internet prior to the meeting.

Under the VEP, Ford shareholders will exchange each of their current Ford common
or Class B shares for a new Ford common or Class B share, respectively, plus
their choice of either $20 in cash, $20 in additional new Ford common shares, or
$20 in a combination of cash and new Ford common shares. Alternatively,
shareholders will be able to elect to exchange their current Ford shares for all
cash.

Information on the VEP, the meeting, the voting process and the process for
making elections will be included in a proxy statement/prospectus that will be
mailed to shareholders prior to the meeting.

The VEP is separate from Ford Motor Company's previously announced June 28
distribution of Visteon Corporation (NYSE: VC) stock.