FORD MOTOR CO — Director's Dealing 2003

Aug 13, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORD MOTOR CO (F)
CIK: 0000037996
Period of Report: 2003-08-11

Reporting Person: THORNTON JOHN L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-11	Common Stock	P	67	$10.69	Acquired	0	Indirect
2003-08-11	Common Stock	S	67	$10.71	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	28162	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Ford Stock Units	$		Common Stock (39903)	39903	Direct
Ford Stock Equivalents	$		Common Stock (2098)	2098	Direct

Footnotes

F1: The Reporting Person is a former Director, President and Co-Chief Operating Officer of The Goldman Sachs Group, Inc. ("GS Group"). Spear, Leeds & Kellogg, L.P. ("SLK") is an indirect wholly-owned subsidiary of GS Group. The Reporting Person disclaims beneficial ownership of the securities reported herein as indirectly owned except to the extent of his pecuniary interest therein. The securities reported herein as indirectly purchased and sold were purchased and sold and were beneficially owned directly by SLK. Without admitting any legal obligation, SLK or an affiliate will remit appropriate profits, if any, to the Company.

F2: These Ford Stock Units were acquired under the Company's Deferred Compensation Plan for Non-Employee Directors. In general, these Ford Stock Units will be converted and distributed to the Reporting Person, 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.

F3: These Ford Stock Equivalents were acquired under the Company's Restricted Stock Plan for Non-Employee Directors without payment by the Reporting Person. In general, approximately 20% of the initial grant of 3,496 Ford Stock Equivalents will be converted and distributed to the Reporting Person, without payment, in shares of Common Stock on June 1 of the 5 years commencing 6/1/2002.