50PS Peterb. 5.58%

RNS Number:4992Q
Ford Motor Co
24 January 2002

Contact:

Media
Todd Nissen 
1.313.594.4410
tnissen@ford.com
 
Securities Analysts 
Anne Bork 
1.313.323.8221
abork@ford.com

Shareholder Inquiries 
1.800.555.5259 or 
1.313.845.8540
stockinfo@ford.com

Media Information Center 
1.800.665.1515 or 
1.313.621.0504 
media@ford.com


                    FORD ANNOUNCES PRICING DETAILS
                    FOR TRUST PREFERRED CONVERTIBLE
                    SECURITIES OFFERING

DEARBORN, Mich., Jan. 24 - Ford Motor Company (NYSE: F) announced pricing
details for the $4.5 billion of trust preferred convertible securities it sold
today.

The annual distribution rate is 6.50 percent, equal to $3.25 for each preferred
security. The distribution will be paid quarterly starting in April 2002. Each
preferred security is convertible into 2.8249 shares of Ford common stock. The
preferred securities can be converted into Ford common stock at any time.

The preferred securities will be listed on the New York Stock Exchange under the
symbol F PrS. They are expected to begin trading Friday, Jan. 25.

The offering is expected to close next week. Proceeds from the offering will be
used by Ford for general corporate purposes.

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

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

A prospectus relating to the offering may be obtained from:

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

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.


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

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