Ford Announces Record Profit Sharing

27 January 1998

Ford Announces Record Profit Sharing

    DEARBORN, Mich., Jan. 27, -- Ford Motor Company
Chairman and Chief Executive Officer Alex Trotman announced record profit
sharing for 1997.  Profit sharing checks averaging $4,400 will be distributed
to U.S. Ford employees on March 4.
    Trotman attributed the 1997 successes to the dedication and hard work of
Ford employees.  "You should be very proud of these record achievements.
Thank you for your dedication."
    "To me, the best news of 1997 was our improvement in quality," said
Trotman.  "We showed the greatest improvement of any manufacturer.  We also
showed very clearly that quality can improve while costs go down."
    Trotman stated that while the U.S. automotive business turned in a record
year, competition continues to be tough.  "We will continue to build on the
progress we've made with new products, cost reduction and quality
improvements," said Trotman.  "Our challenge in 1998 is to accelerate the
momentum by finding ways to improve everything we do."
    Since Ford began paying profit sharing in 1984, employees will have
received an average of more than $26,475.  This is the twelfth payment under
the Profit Sharing Plan first agreed to by the UAW and Ford in 1982.

SOURCE  Ford Motor Company

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