Ford Declares Second Quarter Dividend

DEARBORN, Mich., April 10 The Board of Directors of Ford Motor Company today declared a second quarter dividend of 10 cents a share on the company's Class B and common stock. This is the same level of dividend paid in the first quarter of 2002.

The board also declared a dividend of 51.5625 cents a share on the depositary shares representing the company's Series B Cumulative Preferred Stock.

The dividend on the Series B Preferred Stock equals the quarterly amount of the annual cumulative dividend of $2.0625 per depositary share.

The second quarter dividends are payable on June 3, 2002 to shareholders of record on May 3, 2002.