Ford’s board has declared a third quarter dividend of 10 cents a share on the company's Class B and common stock, the same as paid in the second quarter of 2002.

The board also declared a dividend of 51.5625 cents a share on the depositary shares representing the company's Series B Cumulative Preferred Stock.

The dividend on the Series B Preferred Stock equals the quarterly amount of the annual cumulative dividend of $2.0625 per depositary share.

The third quarter dividends are payable on September 3, 2002 to shareholders of record on August 2, 2002.