Ford Motor Company directors have declared a second quarter dividend of 10 cents a share on the company’s Class B and common stock, the same as paid in the first 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.

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

The second quarter dividends are payable on June 3, 2002 to shareholders of record on May 3, 2002.

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