Press Release

Ford Announces Move From Detroit's Renaissance Center

12/12/96

Ford to Move From Renaissance Center Offices Over Next Two Years/
Marketing Headquarters Will Move to Ford Buildings in Dearborn

DEARBORN, Mich., Dec. 10 via Individual Inc. -- Ford
marketing and sales employees will vacate their offices in Detroit's
Renaissance Center over the next two years following an agreement with
General Motors to give up Ford leases that ran through 2005.

Ford also agreed to sell General Motors 26 acres of land adjacent to
the Renaissance Center that is used for employee parking.

About 2,500 employees of the Ford, Lincoln-Mercury and Customer
Service Divisions, as well as other marketing units, will move to
offices in Dearborn beginning as early as mid-1997. Most will be
located in an existing Ford building named Regent Court, south of Ford
Road and east of the Southfield Freeway. The 35,000-square-foot World
of Ford exhibition and display area at Renaissance Center, will be
discontinued in June 1997.

"We were planning to stay at the Renaissance Center until our leases
expired but it is clearly in the best interest of all involved if we
move out early and allow General Motors to fill the buildings with GM
employees," said Wayne Doran, chairman of Ford Land. "Since we have to
move, co-locating our marketing and sales offices in the same area as
our product development, manufacturing and purchasing activities will
help in the effort to further streamline our activities. We are
encouraging our advertising and accounting suppliers to remain in
Detroit and only move those people who require co-location because of
their creative roles."

Former Chairman Henry Ford II announced the Renaissance Center
development project in May 1972 that included 51 limited
partners. Mr. Ford's vision for the riverfront complex was to attract
business and employment that would lead to the revitalization of
downtown Detroit. The four 39-story office towers and the 70-story
hotel were completed in 1977, and the company moved its Ford Division
into Tower 300 in l978. Other Ford Motor Company employees followed to
fill Tower 3OO and other space in Tower 200. In 1992, the company
moved an additional 700 employees into the Renaissance Center.

"We're proud of the role the Ford family and Ford Motor Company have
played over the years in Detroit. Henry Ford II's vision for the
Renaissance Center is still being achieved as it attracts new
businesses and new employees to downtown Detroit," said Alex Trotman,
Ford chairman and chief executive. "Ford remains an active participant
in support of the resurgence of Detroit.  We look forward to the
opening of the UAW-Ford Training Center in the former Veterans
Memorial Budding late next summer.

"And, of course," Trotman continued, "we will continue our active
participation in the many civic and business activities that have been
such a tradition at Ford and which involve so many employees dedicated
to Detroit's renewal as a vibrant urban center. I have had discussions
with Mayor Dennis Archer, and I have assured him that we'll look at
future opportunities for investment in Detroit.

"We are very pleased with our involvement in the new Detroit Lions
football stadium and look forward to the marketing opportunities
associated with this project, including our right to name the stadium
as part of our agreement," Trotman said. "Our Rouge manufacturing
complex -- stamping, assembly, glass, frame, tool and die, and engine
and fuel tank plants -- remains a major employer for some 3,000
Detroit residents. We've invested more than $1 billion in the complex
in the last 10 years, and we've announced further investments of more
than $700 million over the next five years.

"The company also has accelerated its efforts to encourage suppliers
to locate in the city's empowerment zone. Four ventures have been
announced and we expect others will be finalized in the not too
distant future."

Ford Motor Company has more than 85,000 employees in southeastern
Michigan -- or about 25 percent of the company's global work force. It
has 26 plants and other major technical, administrative, research and
test facilities in the area, including the Henry Ford II World Center,
which houses the world headquarters of Ford Motor Company and of Ford
Credit.

In 1995, Ford paid more than $126 million in real estate and equipment
property taxes in Michigan. The company's Michigan payroll in 1995 was
$5.5 billion.

In October, Ford and its employees pledged $13.4 million to United Way
Community Services, the largest pledge to any single United Way in the
U.S. The first United Way campaign to solicit funds through organized
giving originated in Detroit in 1949 and was founded by Henry Ford II,
Walter Reuther and George Romney. Since then, Ford and its employees
have given more than $300 million to the Southeastern Michigan United
Way.