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FORD FILES REGISTRATION STATEMENT

 FORD FILES REGISTRATION STATEMENT
 DEARBORN, Mich., Oct. 8 /PRNewswire/ -- Ford Motor Company (NYSE: F)


today filed a registration statement with the Securities and Exchange Commission for a public offering of $1 billion of perpetual preferred stock, including an option granted to the underwriters by Ford to purchase additional shares.
 The preferred stock will carry a fixed dividend rate to be determined at the time the issue is priced. The preferred stock will not be convertible into Ford common stock.
 "We believe this action represents an attractive opportunity to take advantage of strong individual investor demand and the present low level of fixed-income yields," said Harold A. Poling, chairman of the board and chief executive officer. "It is consistent with other actions we have taken and provides us with additional financing flexibility for the highly competitive environment we are facing."
 The date of the preferred stock sale will not be established until completion of the review by the Securities and Exchange Commission. Merrill Lynch & Co. will act as lead underwriter on the issue.
 -0- 10/8/92
 /CONTACT: Tom Foote of Ford, 313-322-9600/
 (F) CO: Ford Motor Company ST: Michigan IN: AUT SU: OFR


SB -- DE028 -- 8061 10/08/92 16:40 EDT
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Publication:PR Newswire
Date:Oct 8, 1992
Words:202
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