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Ford Announces Final Results of Value Enhancement Plan

7 August 2000

Ford Announces Final Results of Value Enhancement Plan

    DEARBORN, Mich. - Ford Motor Company announced today that $6 billion in cash 
will be distributed to its shareholders through the company's Value Enhancement 
Plan (VEP).  The total number of new Ford common and Class B shares outstanding 
will be 1.9 billion.

    Under the VEP, Ford shareholders exchanged each of their current Ford
common or Class B shares for a new Ford common or Class B share, as the case
may be, plus either $20 in cash (Option 1), 0.748 additional new Ford common
shares (Option 2), or a combination of $5.18 and 0.555 additional new Ford
common shares (Option 3).

    Ford shareholders approved the VEP Aug. 2.  The company plans to credit
the new Ford stock to shareholder accounts and distribute cash beginning
tomorrow.  The new Ford Motor Company stock has been approved for
listing and will be available for regular way trading beginning Aug. 9 on the
New York Stock Exchange.