Exhibit 20 Ford FACT SHEET Contact: Anne Marie Gattari 313.322.9211 agattari@ford.com Go to http://media.ford.com for news releases and high-resolution photographs. IMMEDIATE RELEASE - ----------------- HIGHLIGHTS OF 2003 UAW-FORD CONTRACT Plant Actions: - ------------- o Cleveland Aluminum Casting will close by the end of this year. o Vulcan Forge in Dearborn was idled in March and will close by the end of this year. o Edison (N.J.) Assembly Plant will close during the first quarter of 2004. o Production at Lorain Assembly Plant will be consolidated within the next four years with Ohio Assembly Plant in Avon Lake, about 17 miles away. o St. Louis Assembly Plant will be reduced to one shift of production mid-year 2004. Wage and Cash Payments: - ---------------------- o A $3,000 cash payment in 2003, and a cash payment in 2004 that is equivalent to 3 percent of an employee's wages. o A 2 percent general wage increase in 2005, and a 3 percent general wage increase in 2006. o A change in Cost of Living Allowance (COLA) formula to exclude the cost of medical inflation from Consumer Price Index (CPI) calculations. o A 30-cent diversion in COLA. Each quarter, beginning in December, the amount of COLA increase generated by the change in the CPI will be reduced by 2 cents. There are 15 such adjustments during the term of the contract, equaling 30 cents. 2 Pensions and Retiree Benefits: - ----------------------------- o Annual cash payments of $800 for current retirees. o Increased life benefits for future retirees of $4.20 per month for each year of service over the term of the agreement. o Two $1,000 vouchers - one during the first year and one during the third year of the contract. The vouchers may be used toward the purchase of a new Ford, Lincoln or Mercury vehicle. Health Care Benefits: - -------------------- o Generic prescription drugs are required when available, and maintenance prescription refills must be purchased through a mail-order program. o Co-pays of $5 for generic drugs and $10 for brand-name drugs were negotiated. The co-pay was $5 for brand name drugs. o A new disease management program will help people at greater risk for certain diseases. By providing at-risk employees with early care, the onset of disease may be prevented or the severity may be mitigated. The program has the potential for long-term savings. o Improvements in some areas of coverage were negotiated. They include vision, dental and well-baby care. Visteon: - ------- o The 20,000 UAW-represented Ford employees working in U.S. Visteon plants will have the opportunity to transfer to Ford plants as openings arise. o Ford employees cannot transfer to Visteon locations. o Visteon has the ability to negotiate in the near term competitive wages and benefits for new hires. Oct. 2, 2003