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FORD RELEASES PROXY STATEMENT

 DEARBORN, Mich., April 8 /PRNewswire/ -- Ford Motor Company (NYSE: F) today began distribution of its Notice of 1993 Annual Meeting of Stockholders and Proxy Statement to its approximately 660,000 shareholders of common and Class B stock. The annual meeting will be held here on May 13.
 As required by new Securities and Exchange Commission rules, the Ford Proxy Statement includes a chart comparing the company's stock performance against its primary domestic competitors and a nationally recognized index. It also includes a chart showing stock performance over the past 10 years, which more closely approximates a full business cycle in the automotive industry. Since 1982, Ford has not only outperformed its two domestic competitors, but the entire Standard and Poor's 500 composite index as well, in cumulative shareholder return.
 Over the past 10 years, Ford shareholders have enjoyed a 700 percent increase in cumulative return, as compared with a 348 percent increase for the S&P 500, and 487 percent and 93 percent increase for Chrysler Corp. and General Motors Corp., respectively.
 The Proxy Statement indicates that 16 directors will stand for reelection this year, including seven company officers.
 The 1993 Proxy Statement also describes Ford's executive compensation program and reports the 1992 salary and other compensation of the chief executive officer and four other highest paid officers.
 In anticipation of the annual meeting, Ford Chairman Harold Poling said that Ford shareholders had much to be encouraged about in 1992 including the best-selling car and truck in the U.S., a strong improvement in U.S. market share and a significant increase in the value of Ford common stock.
 Ford's common stock increased in value by nearly 55 percent during 1992, closing the year at $42.875 per share.
 Last year marked a turning point for Ford as the company began to rebound from the recent U.S. recession, Mr. Poling said. Although Ford posted a loss from operations, Ford's North American Automotive Operations improved sharply over 1991, and earnings for the Financial Services Group topped $1 billion for the first time.
 The Proxy Statement indicates that for 1992, Mr. Poling was paid $1.196 million in annual compensation, and received long-term awards in the form of restricted stock totalling $1.382 million. The stock is restricted, meaning it cannot be sold or otherwise disposed of, until after Mr. Poling's retirement. During the restriction period, it is subject to certain earning out conditions, the failure to comply with which could result in forfeiture of the award. The actual value to Mr. Poling will depend on the market value of the stock when the restrictions lapse. Mr. Poling also received an option to purchase up to 158,000 shares of stock. Neither he nor any other Ford executives received a bonus for 1992.
 A significant portion of the total compensation program for Mr. Poling and other officers is tied to the long-term performance of Ford Motor Company and has two elements:
 -- annual compensation, which is comprised of salary and
 bonus, and
 -- long-term incentives such as grants of stock options and
 other stock-based awards, which are tied directly to
 company performance and the future value of Ford stock.
 In setting Mr. Poling's annual compensation, the Compensation and Option Committee of the board of directors took into account Mr. Poling's agreement to a board request to remain at Ford after his planned retirement date and his active participation in planning for an orderly transition following his retirement late this year, according to the Committee's report in the Proxy Statement.
 "At the request of the board of directors, he has stayed on after he normally would have retired to provide the strong leadership needed during the worldwide economic recession," said Michael D. Dingman, chairman of the Compensation and Option Committee. "In a cyclical industry, effective leadership in a downturn is vital to corporate success, and Mr. Poling has provided this leadership under extremely difficult circumstances."
 Also in 1992:
 -- Philip E. Benton Jr., who retired as Ford president and
 chief operating officer effective Jan. 1, 1993, was paid
 $744,230 in annual compensation, and received long-term
 awards in the form of restricted stock totalling $913,300.
 -- Allan D. Gilmour, Ford vice chairman, was paid $544,996
 in annual compensation, and received long-term awards in
 the form of restricted stock totalling $641,231. Mr.
 Gilmour also received an option to purchase up to 60,000
 shares of stock.
 -- Louis R. Ross, Ford vice chairman and chief technical
 officer, was paid $605,000 in annual compensation, and
 received long-term awards in the form of restricted stock
 totalling $570,839. Mr. Ross also received an option to
 purchase up to 50,000 shares of stock.
 -- Alexander J. Trotman, president and chief operating
 officer -- Ford Automotive Group, was paid $474,116 in
 annual compensation, and received long-term awards in
 the form of restricted stock totalling $385,588.
 Mr. Trotman also received an option to purchase up to
 60,000 shares of stock.
 -0- 4/8/93
 /CONTACT: John W. Spelich of Ford, 313-322-9600/
 (F)


CO: Ford Motor Company ST: Michigan IN: AUT SU:

ML -- DE011 -- 4135 04/08/93 10:03 EDT
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Publication:PR Newswire
Date:Apr 8, 1993
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