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Ford Declares Fourth-Quarter Dividends

12 October 2000

Ford Declares Fourth-Quarter Dividends

    DEARBORN, Mich., Oct. 12 The Board of Directors of Ford
Motor Company today declared a fourth-quarter dividend of 30 cents a
share on the company's Class B and common stock.  This represents a
five percent increase over the level of dividend paid in the third-quarter of
2000, adjusted for the company's recent Value Enhancement Plan.
    "We continue to reward our shareholders," said Henry Wallace, Ford Motor
Company chief financial officer.  "The spin-off of Visteon, the $5.7 billion
Value Enhancement Plan, the announced $5 billion stock repurchase program and
now an increased dividend all demonstrate our commitment to Ford's tradition
of rewarding shareholders."
    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, 2000 to
shareholders of record on November 1st.