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                                                 Ford Motor Company
                                                 The American Road
                                                 Dearborn, MI 48121

                                                 Telephone:(313)322-9600
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                                                     (313)337-1764
 


IMMEDIATE RELEASE 

Contact:   Terry Bresnihan  (313) 322-9600
           Mary Joseph  (313) 322-4466

FORD REVIEWING STRATEGY FOR FINANCE UNITS

     DEARBORN, Mich., Oct. 12 -- Ford Motor Company will file a Current
Report on Form 8-K with the Securities and Exchange Commission stating that
the company is reviewing possible strategic actions with respect to its
Financial Services Group.

    Such actions could include the partial or complete sale of USL Capital
and the partial sale of The Associates, the non-automotive financing
businesses in the Financial Services Group.

     "It is premature to determine whether any actions will occur or, if
they do, when they would occur," said Ken Whipple, president, Ford Financial
Services Group.  "We are carefully considering what is best for Ford Motor
Company and its shareholders."

     The non-automotive financing businesses of Ford's Financial Services
Group consist principally of the domestic and international activities of The
Associates, which specializes in consumer and commercial finance, and USL
Capital, which specializes in commercial leasing and financing.  

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10-12-95