Value Enhancement Plan,etc

Ford Motor Co
2 August 2000


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FORD ANNOUNCES VOTING AND PRELIMINARY ELECTION RESULTS FOR VALUE ENHANCEMENT
PLAN

WILMINGTON, Del., Aug. 2, 2000 - Ford Motor Company (NYSE: F) shareholders
approved the company's Value Enhancement Plan (VEP) at a special shareholders
meeting held today.

Voting results indicate that a total of 901,235,928 shares of common stock and
70,800,728 shares of Class B stock were represented at the meeting in person or
by proxy. These shares represent 87.66 percent of the votes that could be cast.

On the vote to approve the VEP, 86.04 percent voted for the plan, 13.96 percent
voted against the plan. Of the votes represented at the meeting, 0.4 percent
abstained.

'We are pleased that our shareholders have endorsed the Value Enhancement Plan,'
said Bill Ford, Ford Motor Company chairman. 'This is an innovative plan that
will help continue Ford Motor Company's tradition of rewarding shareholders - a
tradition that has delivered total shareholder returns higher than the S&P 500
since the company went public in 1956.'

Shareholder elections for the VEP were due at 8:30 a.m. today. Preliminary
election results indicate that the total cash distribution will be approximately
$6 billion and the total number of new Ford common and Class B shares
outstanding will be approximately 1.9 billion. Final results will be announced
prior to the distribution.

Under the VEP, Ford shareholders are exchanging each of their current Ford
common or Class B shares for a new Ford common or Class B share, as the case may
be, plus their choice of either $20 in cash (Option 1), 0.748 additional new
Ford common shares (Option 2), or a combination of approximately $5.40 in cash
and 0.546 additional new Ford common shares Option 3).

The company plans to credit the new Ford stock to shareholder accounts and
distribute cash beginning Aug. 8.