Exhibit 10-T-8

                                                                   
                        AMENDMENTS TO FORD MOTOR COMPANY
                           DEFERRED COMPENSATION PLAN
                           --------------------------
                       (Effective as of November 11, 1998)


The following new paragraph (q) is added to Section 2:

          "(q) The term 'ARC Plan' shall mean the Automotive Rental Corporation
           Executive Management Incentive Plan, as amended."

Paragraph (f) of Section 4 is amended to read as follows:

          "(f) Deferrals of Awards Under AIC Plan, RPM Plan or ARC Plan.
          Notwithstanding anything contained in the Plan to the contrary,
          subject to any limitations determined under paragraph (a) or
          paragraph (e) of this Section 4, U.S. employees who receive an award
          payable only in cash under the AIC Plan, the RPM Plan or the ARC Plan
          are eligible to defer payment under the Plan from 1% to 100%, in 1% 
          increments, of such amount net of applicable taxes, but not less than
          $1,000, provided that such employees are actively employed by
          the Company in salary grade 11 or above or the equivalent at the time
          of the election to defer. Unless otherwise determined by the
          Compensation and Option Committee, deferrals of cash awards under
          the AIC Plan, the RPM Plan or the ARC Plan shall be subject to the
          same terms and conditions of the Plan that apply to deferrals of
          awards of supplemental compensation under the SC Plan. For purposes
          of the Plan, any references to awards or payments of supplemental
          compensation shall be deemed to cover cash awards or cash payments
          under the AIC Plan, the RPM Plan and the ARC Plan."

The fifth sentence of paragraph (e) of Section 5 is amended and replaced by the
following two sentences:

          "In  addition, with respect to any particular deferral under the
          Plan, the participant shall elect (i) the year in which distribution
          shall be made or distribution upon retirement and (ii) the method of
          distribution desired with respect to any such deferral election if
          the participant elected distribution upon retirement, i.e., in a 
          lump sum payment or in up to ten annual installments."

The first sentence of Paragraph (a) of Section 10 is amended to read as follows:

          "Except as otherwise provided in paragraph (b) of this Section 10 or
          in Section 12, or as otherwise determined by the Committee,
          distribution of all or any part of a participant's Deferred 
          Compensation Account shall be made on, or as soon thereafter as
          practicable, (i) March 15 of the year selected by the participant
          for distribution with respect to the particular deferral if the
          participant is an active employee of the Company on the distribution
          date, (ii) the March 15 following death or termination for reasons
          other than retirement, notwithstanding any prior selection by the
          participant of a subsequent year for distribution with respect to the


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          particular deferral, (iii) the March 15 following retirement if the
          participant selected distribution upon retirement with respect to the
          particular deferral and a lump sum distribution was selected, or if 
          the participant selected a particular year for distribution with
          respect to the particular deferral but retired prior to the year
          selected, or (iv) the March 15 following retirement with respect to 
          the first annual installment and continuing on the applicable number
          of consecutive anniversaries of such date if no more than ten annual 
          installments were selected by the participant with respect to the
          particular deferral."