Value Enhancement Plan

Ford Motor Co
7 August 2000


FORD COMPLETES $5.7 BILLION
VALUE ENHANCEMENT PLAN

DEARBORN, Mich., August 7, 2000 - Ford Motor Company (NYSE: F) confirmed today
that $5.7 billion in cash will be distributed to its shareholders through the
company's Value Enhancement Plan (VEP). The total number of new Ford common and
Class B shares outstanding will be 1.893 billion.

Under the VEP, Ford shareholders exchanged each of their old Ford common or
Class B shares for one new Ford common or Class B share, as the case may be plus
either $20 in cash (Option 1), 0.748 additional new Ford common shares (Option
2), or a combination of $5.17 in cash and 0.555 additional new Ford common
shares (Option 3).  These amounts were based on the volume weighted average
price of Ford stock of $46.7317 for the period July 24-28.

Ford shareholders approved the VEP Aug.2.  The company plans to credit the new
Ford stock to shareholder accounts and distribute cash beginning tomorrow.  The
new Ford Motor Company stock (NYSE: F) has been approved for listing and will be
available for regular way trading beginning Aug. 9 on the New York Stock
Exchange.