Ford Reaffirms 2005 Financial Guidance

DEARBORN, Mich., March 16 -- Ford Motor Company today reaffirmed its earnings guidance for the first quarter and the full year of 2005. It also reaffirmed its full-year operating-related cash flow guidance, which is $1.2 billion to $1.5 billion positive.

First-quarter earnings guidance, announced in January, is expected to be in the range of 25 cents to 35 cents per share, excluding special items. For the full year, the Company continues to expect earnings in the range of $1.75 to $1.95 per share, excluding special items.

"The market is not getting easier and we certainly face many challenges," said Executive Vice President and Chief Financial Officer Don Leclair, "but we are maintaining our full-year earnings guidance, although we expect to be at the lower end of the range."

On April 20, the Company will announce first-quarter results and update the full-year outlook.

Ford Motor Company, a global automotive industry leader based in Dearborn, Michigan, manufactures and distributes automobiles in 200 markets across six continents. With more than 324,000 employees worldwide, the Company's core and affiliated automotive brands include Aston Martin, Ford, Jaguar, Land Rover, Lincoln, Mazda, Mercury and Volvo. Its automotive-related services include Ford Motor Credit Company and The Hertz Corporation.