Ford

NEWS




Contact:  Media:           Investment Community:    Shareholder Inquiries:    Media Information Center:
          ------           --------------------     ----------------------    -------------------------
                                                                  
          Glenn Ray        Equity: Raj Modi         800-555-5259 or           1-800-665-1515
          313-594-4410     313-323-8221             313-845-8540              media@ford.com
          gray2@ford.com   fordir@ford.com          stockinf@ford.com

                           Fixed Income:
                           Rob Moeller
                           313-621-0881
                           fixedinc@ford.com


FOR IMMEDIATE RELEASE
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FORD REAFFIRMS 2005 FINANCIAL GUIDANCE

DEARBORN,  Mich.,  Mar. 16 - Ford Motor  Company today  reaffirmed  its earnings
guidance for the first quarter and the full year of 2005. It also reaffirmed its
full-year  operating-related  cash flow guidance,  which is $1.2 billion to $1.5
billion positive.

First-quarter earnings guidance,  announced in January, is expected to be in the
range of 25 cents to 35 cents per share,  excluding  special items. For the full
year,  the Company  continues to expect  earnings in the range of $1.75 to $1.95
per share, excluding special items.

"The market is not getting easier and we certainly face many  challenges,"  said
Executive Vice President and Chief  Financial  Officer Don Leclair,  "but we are
maintaining  our full-year  earnings  guidance,  although we expect to be at the
lower end of the range."

On April 20, the  Company  will  announce  first-quarter  results and update the
full-year outlook.

Ford Motor  Company,  a global  automotive  industry  leader  based in Dearborn,
Michigan,  manufactures  and  distributes  automobiles in 200 markets across six
continents.  With more than 324,000 employees worldwide,  the Company's core and
affiliated  automotive brands include Aston Martin,  Ford,  Jaguar,  Land Rover,
Lincoln, Mazda, Mercury and Volvo. Its automotive-related  services include Ford
Motor Credit Company and The Hertz Corporation.

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SAFE HARBOR

Statements  included herein may constitute  "forward-looking  statements" within
the  meaning of the  Private  Securities  Litigation  Reform Act of 1995.  These
statements  involve a number of risks,  uncertainties,  and other  factors  that
could cause actual results to differ  materially  from those stated,  including,
without limitation:

* greater  price  competition  resulting  from currency  fluctuations,  industry
overcapacity or other factors;

* a significant  decline in industry sales,  particularly in the U.S. or Europe,
resulting from slowing economic growth, geo-political events or other factors;

* lower-than-anticipated market acceptance of new or existing products;

* economic  distress  of  suppliers  that may  require  us to provide  financial
support or take other measures to ensure supplies of materials;

* work  stoppages  at Ford or  supplier  facilities  or other  interruptions  of
supplies;

* the  discovery  of  defects  in  vehicles  resulting  in  delays  in new model
launches, recall campaigns or increased warranty costs;

* increased  safety,  emissions,  fuel economy or other regulation  resulting in
higher costs and/or sales restrictions;

* unusual or significant  litigation or governmental  investigations arising out
of alleged defects in our products or otherwise;

* worse-than-assumed   economic  and  demographic   experience  for  our  post-
retirement benefit plans (e.g., investment returns,  interest rates, health care
cost trends, benefit improvements);

* currency or commodity price fluctuations, including rising steel prices;

* changes in interest rates;
  *  a market shift from truck sales in the U.S.;
  *  economic difficulties in any significant market;
  *  higher prices for, or reduced availability of fuel;
  *  labor or other constraints on our ability to restructure our business;

* a change in our requirements  under long-term supply  arrangements under which
we are obligated to purchase minimum quantities or pay minimum amounts;

* credit rating downgrades;

* inability  to  access  debt or  securitization  markets  around  the world at
competitive rates or in sufficient amounts;

* higher-than-expected credit losses;

* lower-than-anticipated residual values for leased vehicles;



* increased  price  competition  in the  rental car  industry  and/or a general
decline in business or leisure  travel due to  terrorist  attacks,  acts of war,
epidemic  diseases or measures  taken by  governments  in response  thereto that
negatively affect the travel industry; and

* our inability to implement the Revitalization Plan.