Exhibit 21




            SUBSIDIARIES OF FORD MOTOR COMPANY AS OF MARCH 15, 2002*
            --------------------------------------------------------


Organization                                                           Jurisdiction
- ------------                                                           ------------
<s>                                                                    <c>
FAH Investments                                                        England
        Kwik-Fit Holdings plc                                          England
Ford Argentina S.A.                                                    Argentina
Ford Brasil Ltda.                                                      Brazil
Ford Capital B.V.                                                      The Netherlands
        Ford Motor Company (Belgium) N.V.                              Belgium
        Ford Nederland B.V.                                            The Netherlands
Ford Espana S.A.                                                       Spain
Ford Export Services B.V.                                              The Netherlands
Ford European Holdings, Inc.                                           Delaware, U.S.A.
        Ford Deutschland Holding, GmbH                                 Germany
          Ford Werke AG                                                Germany
Ford Global Technologies, Inc.                                         Michigan, U.S.A.
Ford FSG, Inc.                                                         Delaware, U.S.A.
        Ford Motor Credit Company                                      Delaware, U.S.A.
          The American Road Insurance Company                          Michigan, U.S.A.
          FCALM, LLC                                                   Delaware, U.S.A.
          Ford Credit Floorplan Corporation                            Delaware, U.S.A.
          Ford Credit Floorplan  LLC                                   Delaware, U.S.A.
          Ford Credit Auto Receivables Two, L.P.                       Delaware, U.S.A.
          Ford Credit International, Inc.                              Delaware, U.S.A.
             FCE Bank plc                                              England
             Ford Credit Canada Limited                                Canada
               Ford Credit Canada Leasing Company                      Canada
             FMCC Mexicana, S.A. de C.V.                               Mexico
          Primus Automotive Financial Services, Inc.                   New York, U.S.A.
          Volvo Finance North America, Inc.                            Delaware, U.S.A.
        The Hertz Corporation                                          Delaware, U.S.A.
          Hertz Equipment Rental Corporation                           Delaware, U.S.A.
Ford Holdings LLC                                                      Delaware, U.S.A.
        Ford Motor Land Development Corporation                        Delaware, U.S.A.
Ford International Capital Corporation                                 Delaware, U.S.A.
        Ford Automotive Holdings                                       England
          Ford Motor Company Limited                                   England
          Jaguar Limited                                               England
             Jaguar Cars Export Limited                                England
             Jaguar Cars Limited                                       England
          Volvo Car UK Limited                                         England
Ford Italiana S.p.A.                                                   Italy
Ford Motor Company of Canada, Limited                                  Ontario, Canada
        Essex Manufacturing                                            Ontario, Canada
        Ford Motor Company of Australia Limited                        Australia
        Ford Lio Ho Motor Company Ltd.                                 Taiwan
        Land Rover Holdings                                            England
          Land Rover Group Limited                                     England
Ford Motor Company of Southern Africa (Pty.) Limited                   South Africa
Ford Motor de Venezuela, S.A.                                          Venezuela
Ford Motor Vehicle Assurance Company                                   Michigan, U.S.A.




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                                                                Exhibit 21

SUBSIDIARIES (Continued)

Organization                                                           Jurisdiction
- ------------                                                           ------------

Ford Trading Company, LLC                                              Delaware, U.S.A.
Ford  VAC Corporation                                                  Delaware, U.S.A.
        Ford VHC AB                                                    Sweden
          Volvo Personvagnar Holding AB                                Sweden
             Volvo Personvagnar AB                                     Sweden
               Snebe Holding B.V.                                      The Netherlands
                  Volvo Cars Europe Industry NV                        Belgium
               Volvo Car Holding Germany GmbH                          Germany
                  Volvo Car Germany GmbH                               Germany
               Volvo Personbilar Sverige Aktiebolag                    Sweden
Gentle Winds Reinsurance, Ltd.                                         Cayman Islands
Groupe Ford France SAS                                                 France
        Ford Automotive Group SAS                                      France
          Ford Aquitaine Industries SAS                                France
          Ford France Automobile SAS                                   France
Ford Motor Company, S.A. de C.V.                                       Mexico
Land Rover Group USA, Inc.                                             Maryland, U.S.A.
        Land Rover North America, Inc.                                 Maryland, U.S.A.
PAG Holdings Japan, Inc.                                               Japan
        PAG Japan, Inc.                                                Japan
Volvo Cars of North America, LLC                                       Delaware, U.S.A.



361       Other U.S. Subsidiaries
635       Other Non-U.S. Subsidiaries

*  Subsidiaries  are not shown by name in the above list if,  considered  in the
aggregate  as a single  subsidiary,  they  would not  constitute  a  significant
subsidiary.























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