Ford Declares Fourth Quarter Dividend

DEARBORN, Mich., Oct. 10 -The Board of Directors of Ford Motor Company today declared a fourth 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 third 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 fourth quarter dividends are payable on December 2, 2002 to shareholders of record on November 1, 2002.