Ford Reaffirms Outlook

    March 16, 2005

Ford Motor Companyreaffirmed 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.

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