FORD MOTOR CO — Director's Dealing 2003

Sep 4, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORD MOTOR CO (F)
CIK: 0000037996
Period of Report: 2003-09-02

Reporting Person: FORD WILLIAM CLAY JR (Director, Chairman and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-02	Ford Stock Units	$	A	19.00	Acquired		Common Stock, $0.01 par value (19.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	2716387.00	Direct
Common Stock, $0.01 par value	75630.00	Indirect
Common Stock, $0.01 par value	12412.00	Indirect
Common Stock, $0.01 par value	52655.00	Indirect
Common Stock, $0.01 par value	186964.00	Indirect
Class B Stock, $0.01 par value	19986.00	Indirect
Class B Stock, $0.01 par value	84143.00	Indirect
Class B Stock, $0.01 par value	3289952.00	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
6.50% Cum. Convertible Trust Preferred Sec.	$	2032-01-15	Common Stock, $0.01 par value ()	60000.00	Direct
Employee Stock Option (Right to Buy)	$9.82	2013-01-02	Common Stock, $0.01 par value ()	4000000.00	Direct
Employee Stock Option (Right to Buy)	$15.36	2012-01-10	Common Stock, $0.01 par value ()	48543.00	Direct
Employee Stock Option (Right to Buy)	$15.13	2012-01-30	Common Stock, $0.01 par value ()	4000000.00	Direct
Employee Stock Option (Right to Buy)	$16.42	2012-03-27	Common Stock, $0.01 par value ()	66845.00	Direct
Employee Stock Option (Right to Buy)	$7.40	2013-03-30	Common Stock, $0.01 par value ()	206044.00	Direct
Employee Stock Option (Right to Buy)	$16.12	2012-06-27	Common Stock, $0.01 par value ()	67446.00	Direct
Employee Stock Option (Right to Buy)	$11.09	2013-06-29	Common Stock, $0.01 par value ()	107759.00	Direct
Employee Stock Option (Right to Buy)	$9.68	2012-09-29	Common Stock, $0.01 par value ()	140978.00	Direct
Employee Stock Option (Right to Buy)	$9.44	2012-12-30	Common Stock, $0.01 par value ()	132978.00	Direct

Footnotes

F1: I disclaim beneficial ownership of these shares owned by my wife.

F2: I disclaim beneficial ownership of these shares held by my wife as custodian for my children.

F3: I am a trustee of the voting trust. As shown, it holds 186,964 shares of Common Stock and 3,289,952 shares of Class B Stock for my benefit. I disclaim beneficial ownership of any other shares of Common Stock or Class B Stock in said voting trust.

F4: These Ford Stock Units result from dividend equivalents credited to my account by the Company, without payment by me, under the Company's Deferred Compensation Plan for Non-Employee Directors. In general, these Ford Stock Units will be converted and distributed to me, without payment, in cash, on January 10th of the year following termination of Board service, based upon the then current market value of a share of Common Stock.

F5: Each 6.50% Cumulative Convertible Trust Preferred Security, issued by Ford Motor Company Capital Trust II, a Delaware business trust, is immediately convertible, at the option of the holder, into 2.8249 shares of Ford Motor Company Common Stock.

F6: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (01/03/2003), 66% aft
er two years, and in full after three years.

F7: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (1/11/2002), 66% afte
r two years, and in full after three years.

F8: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (1/31/2002), 66% afte
r two years, and in full after three years.

F9: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (3/28/2002), 66% afte
r two years, and in full after three years

F10: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (03/31/2003), 66% af
ter two years, and in full after three years.

F11: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (6/28/2002), 66% aft
er two years, and in full after three years.

F12: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (06/30/2003), 66% af
ter two years, and in full after three years.

F13: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (9/30/2002), 66% aft
er two years, and in full after three years.

F14: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (12/31/2002), 66% af
ter two years, and in full after three years.