Exhibit 20


NEWS

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IMMEDIATE RELEASE
FORD EXPLORER SETS JUNE SALES RECORD

FORD F-SERIES SETS ALL-TIME SALES RECORD; VOLVO POSTS BEST SALES MONTH EVER

DEARBORN, MI, July 3, 2001 - The Ford Explorer set a June sales record as 42,833
customers took delivery of America's  top-selling  sport utility  vehicle.  Ford
Explorer's share of the mid-size sport utility segment has increased every month
since the introduction of the all-new 2002 four-door Explorer.  The new Explorer
incorporates independent rear suspension, one of many features that set it apart
from traditional SUVs.

"We  appreciate  the trust  that our  customers  place in our  products  and our
company," said Jacques Nasser,  President and CEO, Ford Motor Company. "Also, we
want to thank our  dealers  for  their  unwavering  commitment  to  serving  our
customers."

Overall,  U.S. customers  purchased or leased 392,412 cars and trucks from Ford,
Mercury, Lincoln, Jaguar, Volvo, and Land Rover dealers, down 6.6 percent from a
year ago.

In addition to the Ford  Explorer's  record-setting  performance,  the company's
June sales results were highlighted by:

o    Ford F-Series,  America's  best-selling truck, achieved an all-time monthly
     sales record of 91,481.  The  previous  F-Series  monthly  sales record was
     90,522 (set March 2000).  The



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     previous June sales record (90,370) was set 1978.

o    Ford dealers  delivered an any-month record 75,973 sport utility  vehicles,
     up 12 percent from a year ago. The previous  monthly sales record  (75,216)
     was set March  2001.  Ford  dealers'  line of "No  Boundaries"  SUVs  (Ford
     Escape, Explorer,  Expedition, and Excursion) are the best-selling brand of
     sport utility vehicles in the U.S. with year-to-date  sales of 390,693,  up
     six percent from the same period a year ago.

o    Mercury dealers reported higher sales for the all-new Mercury  Mountaineer.
     In June,  4,817 customers took delivery of Mercury's  stylish sport utility
     vehicle, up six percent from a year ago.

o    Lincoln dealers reported June sales of 16,846,  down slightly (two percent)
     from a year ago. The Lincoln LS mid-size  sedan set a new June sales record
     (4,921).

o    Volvo dealers  reported their highest monthly U.S. sales ever (15,104),  up
     14.3 percent  from a year ago (the  previous  best month).  The increase in
     sales was centered on the S60 and V70,  Volvo's all-new  mid-size sedan and
     station wagons (including the all-wheel-drive  cross-country  version,  the
     V70 XC).

o    Jaguar  dealers  reported June sales of 3,448,  down nine percent from last
     year's record sales.

o    Land Rover dealers reported June sales of 2,427, up two percent from a year
     ago, and the highest sales month of 2001.

The company indicated it was maintaining its previously-announced  third quarter
North American production plan at 930,000 vehicles.