Change of Volvo Cars Chairman

Ford Motor Co
30 November 2006

Contact;  Tom Hoyt
          313.322.1524
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HANS-OLOV OLSSON TO RETIRE FROM FORD; 
LEWIS BOOTH NAMED CHAIRMAN OF VOLVO CARS  
 
   
 
DEARBORN, Mich., Nov. 30 - Ford Motor Company (NYSE: F) announced today that
Hans-Olov Olsson will retire from the company effective Jan. 1, 2007.
Simultaneously, the Board of Directors of Volvo Cars elected Lewis Booth
Chairman of the Board succeeding Mr. Olsson. Mr. Booth, 58, continues in his
role as Executive Vice President, Ford of Europe and Premier Automotive Group. 

Mr. Olsson, 64, was non-executive Chairman, Volvo Cars, as well as serving as
Ford Motor Company's Chief Marketing Officer for the past year, with
responsibility for developing corporate marketing strategy in support of all of
the company's brands. A successor in the Marketing position is not being
announced at this time. 

Formerly, Mr. Olsson was Chairman of the Board of Volvo Cars. Prior to that, he
was Chief Executive Officer and President of Volvo Cars. He was born in Amal,
Sweden and received his MBA at the University of Gothenburg in 1966. In 1973,
Mr. Olsson studied International Senior Management at Harvard University in
Vevey, Switzerland. 

Mr. Olsson began his career as a systems engineer responsible for production,
control, logistics and procurement for Volvo Cars and Trucks in 1966. He went on
to hold a series of Volvo management positions in markets all over the world,
including the U.S., Japan and Europe. 

'Hans-Olov's knowledge of the business and his record of success stand as a
testament to his outstanding career,' said Alan Mulally, president and CEO, Ford
Motor Company. 'We wish Hans-Olov and his family all the best as he moves to
this new chapter in his life.' 

Ford Motor Company, a global automotive industry leader based in Dearborn,
Mich., manufactures and distributes automobiles in 200 markets across six
continents. With about 300,000 employees and more than 100 plants 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. For more information regarding
Ford's products, please visit www.fordvehicles.com. 
 
 

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