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Ford Sets Record Date for Value Enhancement Plan Voting

20 June 2000

Ford Sets Record Date for Value Enhancement Plan Voting

    DEARBORN, Mich. - Ford Motor Company today announced that shareholders of 
record on June 27 will be eligible to vote on the company's $10 billion Value 
Enhancement Plan.

    There will be a special shareholders meeting later this summer for Ford
Motor Company shareholders to vote on the VEP.  The time, date and location of
the meeting will be announced at a later date.  Shareholders unable to attend
will be able to cast their votes by phone, mail or the Internet prior to the
meeting.

    Under the VEP, Ford shareholders will exchange each of their current Ford
common or Class B shares for a new Ford common or Class B share, respectively,
plus their choice of either $20 in cash, $20 in additional new Ford common
shares, or $20 in a combination of cash and new Ford common shares.
Alternatively, shareholders will be able to elect to exchange their current
Ford shares for all cash.

    Information on the VEP, the meeting, the voting process and the process
for making elections will be included in a proxy statement/prospectus that
will be mailed to shareholders prior to the meeting.

    The VEP is separate from Ford Motor Company's previously announced June 28
distribution of Visteon Corporation stock.