New Structure Formed

Ford Motor Co
26 July 2001


Contact:  Jim Vella
          313-322-9545



FORD MOTOR COMPANY FORMS OFFICE OF CHAIRMAN AND CEO 

DEARBORN, Mich., July 26 - Ford Motor Company today announced the formation of
the Office of the Chairman and CEO to lead the company into the future. The
office will consist of William Clay Ford, Jr., chairman, and Jacques Nasser,
president and CEO, and will focus on policy, strategy, key issues affecting the
future direction of the company and other major business issues. 

The structure formalizes the ongoing working relationship between Bill Ford and
Jacques Nasser that has been developing since their appointments in January
1999. 

The purpose of establishing this new structure is to streamline the management
process and improve decision-making efficiency. It will give the Chairman and
CEO a formal opportunity for an earlier review in policy, strategy and business
proposals and will allow the CEO to access input and views at an earlier stage
in the development process. 

'We face challenging times and this new structure allows both Jacques and me to
work hand-in-hand to lead the company forward and meet these challenges,' Bill
Ford said. 'We will continue to work together to maintain our strong position in
the marketplace.' 

'Bill and I are both looking forward to continuing to provide the strategic
direction for the company in every key area of the business.' Nasser added.
'This new office strengthens our working relationship and allows us to react
even more quickly to address the key issues facing the business.' 

The two men will meet regularly, have decision-making authority and invite other
members of senior management to attend to discuss issues as needed. The new
structure was approved by the Board of Directors and is effective immediately. 



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