Plans for Debt Financing

Ford Motor Co
27 November 2006

NEWS

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FOR IMMEDIATE RELEASE

FORD ANNOUNCES PLANS FOR DEBT FINANCING

DEARBORN, Mich., Nov. 27 - Ford Motor Company (NYSE: F) today announced that it 
plans to obtain financing totaling approximately $18 billion in order to address 
near- and medium-term negative operating-related cash flow, to fund its 
restructuring, and to provide added liquidity to protect against a recession or 
other unanticipated events.

The financing transactions consist of:

o     new five-year senior secured revolving credit facility of approximately 
      $8 billion that is intended to replace Ford's existing unsecured credit 
      facilities of $6.3 billion;

o     senior secured term loan of approximately $7 billion; and

o     unsecured capital market transactions of approximately $3 billion, which 
      may include unsecured notes convertible into Ford common stock.

The size of the individual components of the financing may vary depending on 
market conditions.

Borrowings under the senior secured revolving and term loan credit facilities 
will be secured on an equal basis by first-priority liens on principal domestic 
manufacturing facilities (subject to public debt indenture limitations) and 
substantially all of the Company's other domestic automotive assets, certain 
intellectual property, certain real property, all or a portion of the stock of 
certain subsidiaries (including Ford Motor Credit Company and Volvo), certain 
intercompany payables and notes, and up to $4 billion of domestic cash without 
restriction on its use.

The arrangers for the senior secured credit facilities are Citigroup Corporate 
and Investment Banking, Goldman Sachs Credit Partners L.P., and J.P. Morgan 
Securities Inc.

Ford expects these transactions to close prior to December 31, 2006. 
 
Upon completion of the transactions, Ford expects to have Automotive liquidity 
of approximately $38 billion at year end 2006, consisting of gross cash (i.e., 
cash, cash equivalents, loaned and marketable securities and short-term 
Voluntary Employee Beneficiary Association assets) and available credit 
facilities.

Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., 
manufactures or distributes automobiles in 200 markets across six continents. 
With about 300,000 employees and more than 100 plants worldwide, the company's 
core and affiliated automotive brands include Aston Martin, Ford, Jaguar, Land 
Rover, Lincoln, Mazda, Mercury and Volvo. Its automotive-related services 
include Ford Motor Credit Company.

Forward-Looking Statements: Forward-looking statements herein regarding our 
financial plans are based on expectations and assumptions by our management and 
involve a number of risks, uncertainties, and other factors that could cause 
actual results to differ materially from those stated, including, without 
limitation, market conditions and the other factors described under the heading 
'Management's Discussion and Analysis of Financial Condition and Result of 
Operations - Risk Factors' in our most recent Quarterly Report on Form 10-Q 
filed with the Securities and Exchange Commission.



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