Tender Offer

Ford Motor Co
2 February 2001

FORD LAUNCHES TENDER OFFER
TO ACQUIRE HERTZ PUBLIC SHARES

DEARBORN, Mich., Feb. 2, 2001 - Ford Motor Company (NYSE:F) announced that a
Ford subsidiary, Ford FSG Inc., today is commencing its tender offer for any and
all publicly held shares of Class A Common Stock of The Hertz Corporation (NYSE:
HRZ).  The price, announced on Jan. 16, is $35.50 a share.

The tender offer will be followed by a merger transaction in which Ford will
acquire any remaining publicly held shares of Hertz.  The offer is subject to
certain conditions, but does not require a minimum number of shares to be
tendered.  The offer and withdrawal rights will expire at 12:00 midnight,
Eastern Standard Time, on Friday, March 2, 2001, unless the offer is extended.

J.P. Morgan Securities Inc. is acting as dealer manager for the tender offer.

Ford currently owns about 81.5 percent of the outstanding shares of Hertz. 
Public shareholders own the remaining 18.5 percent, equal to approximately 20
million shares.

Investors and security holders are strongly advised to read the tender offer
statement and recommendation/solicitation statement regarding the tender offer
because they contain important information.  These statements have been filed by
Ford and Hertz with the Securities and Exchange Commission (SEC).  Investors and
security holders may obtain a free copy of the statements (when available) at
www.sec.gov.  The statements and related materials may be obtained for free by
directing such requests to Ford's Shareholder Relations Department at
1-800-555-5259 or Hertz' Investor Relations Department at 201-307-2337.


Contact:

Ford Motor Company
Media:
Todd Nissen
313.594.4410
[e-mail]

Securities Analysts:
Mike Holland
313.323.8221
[e-mail]

Shareholder Inquiries:
800-555-5259 or
313-845-8540
[e-mail]

Media Information Center
1.800.665.1515 or
1.313.621.0504
[e-mail]


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