Re Agreement

Ford Motor Co
12 March 2007


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FORD ANNOUNCES AGREEMENT TO SELL ASTON MARTIN 
 
DEARBORN, Mich., March, 12, 2007 - Ford Motor Company (NYSE: F) announced
today it has entered into a definitive agreement to sell Aston Martin, its
prestigious sports car business, to a consortium comprised of David Richards,
John Sinders, Investment Dar and Adeem Investment Co. This transaction is the
result of Ford's decision, as announced in August 2006, to explore strategic
options for the Aston Martin business as the company restructures its core
automotive operations and builds liquidity. 

The sale is expected to close during the second quarter and is subject to
customary closing conditions, including applicable regulatory approvals. The
transaction values Aston Martin at £479 million ($925 million). As part of the
transaction, Ford will retain a £40 million ($77 million) investment in Aston
Martin. Other terms and conditions specific to the sale are not being disclosed
at this time. 

'The sale of Aston Martin supports the key objectives of the company, to
restructure to operate profitably at lower volumes and changed model mix and to
speed the development of new products,' said Alan Mulally, Ford's President and
chief executive officer. 'From Aston Martin's point of view, the sale will
provide access to additional capital, which will allow Aston Martin to continue
the growth it has experienced under Ford's stewardship. Today's announcement is
good for Ford Motor Company, good for Aston Martin and good for the UK. We wish
Aston Martin every possible success for the future.' 

The new owner of Aston Martin is a consortium comprised of: David Richards,
founder and chairman of Prodrive, a world-leading motorsport and automotive
technology company; John Sinders, an avid Aston Martin collector and a backer of
Aston Martin Racing; and Investment Dar and Adeem Investment Co, international
investment companies headquartered in Kuwait. 

Ford Motor Company, a global automotive industry leader based in Dearborn,
Mich., manufactures or distributes automobiles in 200 markets across six
continents. With more than 280,000 employees and more than 100 plants worldwide,
the company's core and affiliated automotive brands include Ford, Jaguar, Land
Rover, Lincoln, Mercury, Volvo and Mazda. The company provides financial
services through Ford Motor Credit Company. 



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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