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Ford Announces Voting and Preliminary Election Results For Value Enhancement Plan

3 August 2000

Ford Announces Voting and Preliminary Election Results For Value Enhancement Plan

    WILMINGTON, Del. - Ford Motor Company shareholders approved the company's 
Value Enhancement Plan at a special shareholders meeting held today.

    Voting results indicate that a total of 901,235,928 shares of common stock
and 70,800,728 shares of Class B stock were represented at the meeting in
person or by proxy.  These shares represent 87.66 percent of the votes that
could be cast.

    On the vote to approve the VEP, 86.04 percent voted for the plan, 13.96
percent voted against the plan, and 0.4 percent of the votes represented at
the meeting abstained.

    "We are pleased that our shareholders have endorsed the Value Enhancement
Plan," said Bill Ford, Ford Motor Company chairman.  "This is an innovative
plan that will help continue Ford Motor Company's tradition of rewarding
shareholders -- a tradition that has delivered total shareholder returns
higher than the S&P 500 since the company went public in 1956."

    Shareholder elections for the VEP were due at 8:30 a.m. today.
Preliminary election results indicate that the total cash distribution will be
approximately $6 billion and the total number of new Ford common and Class B
shares outstanding will be approximately 1.9 billion.  Final elections results
will be announced prior to the distribution.

    Under the VEP, Ford shareholders are exchanging each of their current Ford
common or Class B shares for a new Ford common or Class B share, as the case
may be, plus their choice of either $20 in cash (Option 1), 0.748 additional
new Ford common shares (Option 2), or a combination of approximately $5.40 in
cash and 0.546 additional new Ford common shares (Option 3).

    The company plans to credit the new Ford stock to shareholder accounts and
distribute cash beginning Aug. 8.