Exhibit 10




Special 2003 Performance Incentive Arrangement

A special incentive program was established for certain executive officers in
key positions to achieve specified financial milestones in 2003. If those
milestones are achieved, the Compensation Committee of the Company's Board of
Directors would have the discretion to provide certain cash awards to the
participating executives. William Clay Ford, Jr., our Chairman and Chief
Executive Officer, does not participate in this incentive arrangement.