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Ford Motor Company's May U.S. Sales Decline 10.5%

   Ford Explorer May Sales Are Highest This Year As All-New Model Continues
                         To Gain Share in SUV Market

    DEARBORN, Mich., June 1 -_ U.S. customers purchased or leased
372,798 cars and trucks from Ford, Mercury, Lincoln, Jaguar, Volvo, and Land
Rover dealers in May, down 10.5 percent from last year's record May sales.
    "I would like to thank our dealers," said Martin Inglis, Vice President,
Ford North America.  "Once again, they have demonstrated their commitment to
customer satisfaction, and that they are the No. 1 retail organization in the
car business."
    Sales highlights for the month included:

    *  Jaguar, Volvo and Land Rover dealers all reported record May sales.
    *  Lincoln Mercury dealers reported improved showroom traffic and sales of
Lincoln Town Car, Continental, LS, and Navigator resulting from an attractive
financing program offered by Ford Credit.  Lincoln sales were 17,118, down 1.4
percent from a year ago.  In addition, Mercury Mountaineer sales were 4,368,
up 4.5 percent.
    *  Ford Explorer, America's best selling sport utility vehicle, achieved
May sales of 36,904, its highest sales month in 2001.  Since the introduction
of the all-new 2002 model, Ford Explorer's share of segment has increased
every month.  Customer feedback about the new 2002 Explorer has been extremely
positive and has contributed to the vehicle's continued success.

    "The redesigned 2002 Explorer has generated a lot of excitement from both
our customers and our salespeople," said Bert Boeckmann, owner and president
of Galpin Ford, the world's largest Ford dealer and Ford Motor Company's
number one selling SUV dealer since the Explorer's introduction in
1990.  "Customers overwhelmingly cite the improved performance and handling,
body styling and third row seating as their favorite new features."

    *  Ford dealers delivered a record number (69,525) of "No Boundaries"
sport utility vehicles (Ford Escape, Explorer, Expedition, and Excursion).
Ford is the best-selling brand of SUVs and one of the few brands to have
achieved higher year-to-date sales of SUVs.
    *  Ford F-Series pickup, America's best selling truck, achieved May sales
of 75,952.

    The company also announced further production actions to support the tire
replacement program.  Ford Ranger production at the Twin Cities (MN) and
Edison (NJ) plants will be suspended the week of June 11.  Previously, the
company announced that production at the Twin Cities and Edison plants would
be suspended for two weeks beginning May 28 and that Louisville production
would be suspended the week of June 4.  In total, 31,000 light trucks (8,000
Ford Explorers and Mercury Mountaineers and 23,000 Ford Rangers and Mazda B
Series pickups) have been cut from the company's second quarter North American
production.  Presently, the company plans to build 1,130,000 cars and trucks,
down 14 percent from the second quarter 2000.


                    FORD MOTOR COMPANY MAY 2001 U.S. SALES

                           May Month      DSR %         May CYTD        DSR %
                         2001     2000    Change     2001      2000     Change
    Car and Truck Sales By Brand
       Ford            307,806  346,501  -11.2%  1,361,809 1,541,430   -11.7%
       Mercury          29,328   37,015  -20.8     132,580   168,668   -21.4
       Lincoln          17,118   17,353   -1.4      70,032    83,894   -16.5
       Jaguar            4,073    4,012    1.5      16,820    18,662    -9.9
       Volvo            12,091   11,779    2.6      50,692    53,975    -6.1
       Land Rover        2,382    1,945   22.5       9,511    10,606   -10.3
         Total Ford
          Motor
          Company      372,798  416,660  -10.5%  1,641,444 1,866,629   -12.1%

    Memo: Cars and Trucks
       Cars            151,647  172,692  -12.2%    645,069   770,509   -16.3%
       Trucks          221,151  243,968   -9.4     996,375 1,096,120    -9.1
         Total Ford
          Motor
          Company      372,798  416,660  -10.5%  1,641,444 1,866,629   -12.1%

    Memo: Selling Days      26       26                128       128


    Note:  Ford Motor Company acquired Land Rover on June 30, 2000.
Accordingly, Ford's 2000 sales (May and May year-to-date) exclude Land Rover.


                        FORD BRAND MAY 2001 U.S. SALES

                           May Month      DSR %         May CYTD        DSR %
                         2001     2000    Change     2001      2000     Change

    Crown Victoria       9,904   10,090   -1.8%     40,516    42,802    -5.3%
    Taurus              36,459   43,068  -15.3     156,457   173,081    -9.6
    Focus               27,908   26,050    7.1     113,274   121,884    -7.1
    Mustang             17,448   19,674  -11.3      72,523    78,333    -7.4
    Escort               8,410   12,005  -29.9      37,731    48,903   -22.8
    Contour                  0    3,016 -100.0           0    30,423  -100.0
      Total Ford Cars  100,129  113,903  -12.1%    420,501   495,426   -15.1%

    Escape              13,362       NA     NA%     69,372        NA      NA%
    Explorer            36,904   44,202  -16.5     154,434   195,397   -21.0
    Expedition          15,923   20,362  -21.8      76,391    86,116   -11.3
    Excursion            3,336    4,299  -22.4      14,523    20,137   -27.9
    Econoline/
     Club Wagon         15,346   18,830  -18.5      73,093    80,015    -8.7
    Windstar            15,398   24,413  -36.9      77,013   111,960   -31.2
    Ranger              30,478   33,739   -9.7     126,949   159,521   -20.4
    F-Series            75,952   85,506  -11.2     345,310   387,724   -10.9
    Heavy Trucks           978    1,247  -21.6       4,223     5,134   -17.7
      Total Ford
       Trucks          207,677  232,598  -10.7%    941,308 1,046,004   -10.0%

      Total Ford Brand 307,806  346,501  -11.2%  1,361,809 1,541,430   -11.7%


                  LINCOLN AND MERCURY BRAND MAY 2001 U.S. SALES

                           May Month      DSR %        May CYTD        DSR %
                          2001    2000    Change     2001     2000     Change

    Grand Marquis        10,759  11,843    -9.2%    48,649   56,599   -14.0%
    Sable                 9,525  11,116   -14.3     48,011   48,393    -0.8
    Cougar                2,936   4,566   -35.7     11,964   18,150   -34.1
    Mystique                  0   1,763  -100.0          0   12,210  -100.0
      Total Mercury Cars 23,220  29,288   -20.7%   108,624  135,352   -19.7%

    Town Car              7,576   7,091     6.8     29,590   35,851   -17.5
    Continental           1,781   2,068   -13.9      9,233    9,698    -4.8
    LS                    4,708   4,551     3.4     17,477   21,545   -18.9
      Total Lincoln Cars 14,065  13,710     2.6%    56,300   67,094   -16.1%

      Total Mercury
       and Lincoln Cars  37,285  42,998   -13.3%   164,924  202,446   -18.5%

    Villager              1,740   3,549   -51.0%     8,311   13,818   -39.9%
    Mountaineer           4,368   4,178     4.5     15,645   19,498   -19.8
      Total Mercury
       Trucks             6,108   7,727   -21.0%    23,956   33,316   -28.1%

    Navigator             3,053   3,643   -16.2     13,732   16,800   -18.3

      Total Mercury
       and Lincoln
       Trucks             9,161  11,370   -19.4%    37,688   50,116   -24.8%

      Total Mercury
       and Lincoln
       Vehicles          46,446  54,368   -14.6%   202,612  252,562   -19.8%

    Total Lincoln Brand  17,118  17,353    -1.4%    70,032   83,894   -16.5%
    Total Mercury Brand  29,328  37,015   -20.8    132,580  168,668   -21.4


                         JAGUAR BRAND MAY 2001 U.S. SALES

                                 May Month    DSR %      May CYTD      DSR %
                                2001   2000   Change    2001    2000   Change
    XJ                           816  1,001  -18.5%    3,882   4,730  -17.9%
    S-TYPE                     2,818  2,384   18.2    10,752  11,017   -2.4
    X-TYPE                         0     NA     NA         0      NA     NA
    XK                           439    627  -30.0     2,186   2,915  -25.0
      Total Jaguar             4,073  4,012    1.5%   16,820  18,662   -9.9%


                         VOLVO BRAND MAY 2001 U.S. SALES

                               May Month      DSR %      May CYTD      DSR %
                              2001    2000   Change    2001    2000   Change
    S40                       2,719   2,666    2.0%   10,026  12,209  -17.9%
    V40                         386     721  -46.5     1,430   2,495  -42.7
    S60                       3,361      NA     NA    14,020      NA     NA
    S70                          24   2,647  -99.1       201  11,511  -98.3
    V70                       1,317   2,807  -53.1     6,190  12,094  -48.8
    V70 XC                    1,931      NA     NA     7,868      NA     NA
    C70                         520     546   -4.8     2,238   2,477   -9.6
    S80                       1,833   2,392  -23.4     8,719  13,188  -33.9
    S90/V90                       0      NA     NA         0       1     NA
      Total Volvo            12,091  11,779    2.6%   50,692  53,975   -6.1%


                       LAND ROVER BRAND MAY 2001 U.S. SALES

                                  May Month    DSR %     May CYTD      DSR %
                                 2001   2000   Change  2001    2000   Change
    Range Rover                    456    376  21.3%   1,832   2,317  -20.9%
    Discovery Series II          1,926  1,569  22.8    7,679   8,289   -7.4
      Total Land Rover           2,382  1,945  22.5%   9,511  10,606  -10.3%