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Ford Declares Q3 Dividends

9 July 1998

Ford Declares Third-Quarter Dividends

    DEARBORN, Mich., July 9 -- The Board of Directors of Ford
Motor Company today declared a third-quarter dividend of 42 cents a
share on the company's Class B and common stock.  The dividend is the same as
paid in the second quarter of 1998.
    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 third-quarter dividends are payable on September 1, 1998, to
shareholders of record on July 31, 1998.