Dividend Declaration

Ford Motor Co
12 July 2001


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FORD DECLARES THIRD-QUARTER DIVIDEND

DEARBORN, Mich., July 12 - The Board of Directors of Ford Motor Company (NYSE:
F) today declared a third-quarter dividend of 30 cents a share on the company's
Class B and common stock. This is the same amount paid in the second quarter of
2001.

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 Sept. 4 to shareholders of record on
Aug. 3.

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