Exhibit 99.1

NEWS

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IMMEDIATE RELEASE
FORD EXPLORER SETS JUNE SALES RECORD

FORD F-SERIES SETS ALL-TIME SALES RECORD; VOLVO POSTS BEST SALES MONTH EVER

DEARBORN, MI, July 3, 2001 - The Ford Explorer set a June sales record as 42,833
customers took delivery of America's top-selling sport utility vehicle. Ford
Explorer's share of the mid-size sport utility segment has increased every month
since the introduction of the all-new 2002 four-door Explorer. The new Explorer
incorporates independent rear suspension, one of many features that set it apart
from traditional SUVs.

"We appreciate the trust that our customers place in our products and our
company," said Jacques Nasser, President and CEO, Ford Motor Company. "Also, we
want to thank our dealers for their unwavering commitment to serving our
customers."

Overall, U.S. customers purchased or leased 392,412 cars and trucks from Ford,
Mercury, Lincoln, Jaguar, Volvo, and Land Rover dealers, down 6.6 percent from a
year ago.

In addition to the Ford Explorer's record-setting performance, the company's
June sales results were highlighted by:

o        Ford F-Series, America's best-selling truck, achieved an all-time
         monthly sales record of 91,481. The previous F-Series monthly sales
         record was 90,522 (set March 2000).  The previous June sales record
         (90,370) was set 1978.

o        Ford dealers delivered an any-month record 75,973 sport utility
         vehicles, up 12 percent from a year ago.  The previous monthly sales
         record (75,216) was set March 2001. Ford dealers' line of
         "No Boundaries" SUVs (Ford Escape, Explorer, Expedition, and Excursion)
         are the best-selling brand of sport utility vehicles in the U.S. with
         year-to-date sales of 390,693, up six percent from the same period a
         year ago.

o        Mercury dealers reported higher sales for the all-new Mercury
         Mountaineer. In June, 4,817 customers took delivery of Mercury's
         stylish sport utility vehicle, up six percent from a year ago.

o        Lincoln dealers reported June sales of 16,846, down slightly (two
         percent) from a year ago. The Lincoln LS mid-size sedan set a new June
         sales record (4,921).

o        Volvo dealers reported their highest monthly U.S. sales ever (15,104),
         up 14.3 percent from a year ago (the previous best month). The increase
         in sales was centered on the S60 and V70, Volvo's all-new mid-size
         sedan and station wagons (including the all-wheel-drive cross-country
         version, the V70 XC).

o        Jaguar dealers reported June sales of 3,448, down nine percent from
         last year's record sales.

o        Land Rover dealers reported June sales of 2,427, up two percent from a
         year ago, and the highest sales month of 2001.

The company indicated it was maintaining its previously-announced third quarter
North American production plan at 930,000 vehicles.