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Ford Motor Company Increases Fourth-Quarter Dividend by Nine Percent

15 October 1999

Ford Motor Company Increases Fourth-Quarter Dividend by Nine Percent

    DEARBORN, Mich., Oct. 14 -- The Board of Directors of Ford
Motor Company has declared a fourth-quarter dividend of 50 cents per
share on the company's Class B and common stock.  The dividend represents an
increase of four cents per share, or nine percent, compared with the dividend
paid in the third quarter of 1999.
    Ford has increased the dividend on the company's Class B and common stock
eight times since the second-quarter of 1994.  Since that time, the quarterly
dividend has more than doubled from 22.5 cents per share.
    "Ford Motor Company's objective is to deliver a total return to
shareholders in the top quartile of the S&P 500 over time.  We will achieve
this with an attractive dividend yield and growth in our share price driven by
our transformation into the world's leading consumer company for automotive
products and services," said Chairman William Clay Ford, Jr.
    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 1, 1999 to
shareholders of record on November 1.