FORD MOTOR CO — Director's Dealing 2004

Mar 16, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORD MOTOR CO (F)
CIK: 0000037996
Period of Report: 2004-03-12

Reporting Person: THURSFIELD DAVID W (Executive Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-12	Employee Stock Option (Right to Buy)	$13.26	A	87500	Acquired	2014-03-11	Common Stock, $0.01 par value (87500)	Direct
2004-03-12	Ford Stock Equivalents	$	A	30486	Acquired		Common Stock, $0.01 par value (30486)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	104577	Direct
Common Stock, $0.01 par value	3658	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$22.65	2008-03-12	Common Stock, $0.01 par value ()	52152	Direct
Employee Stock Option (Right to Buy)	$31.95	2009-03-11	Common Stock, $0.01 par value ()	47146	Direct
Employee Stock Option (Right to Buy)	$22.73	2010-03-09	Common Stock, $0.01 par value ()	39893	Direct
BEP Ford Stock Fund Units	$		Common Stock, $0.01 par value ()	7020	Direct
Ford Stock Equivalents	$		Common Stock, $0.01 par value ()	36250	Direct
Employee Stock Option (Right to Buy)	$30.19	2011-03-08	Common Stock, $0.01 par value ()	45000	Direct
Employee Stock Option (Right to Buy)	$16.91	2012-03-14	Common Stock, $0.01 par value ()	185000	Direct
Employee Stock Option (Right to Buy)	$7.55	2013-03-18	Common Stock, $0.01 par value ()	250000	Direct

Footnotes

F1: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (3/13/1998), 66% afte
r two years, and in full after three years.

F2: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (3/12/1999), 66% afte
r two years, and in full after three years.

F3: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (3/10/2000), 66% afte
r two years, and in full after three years.

F4: These Ford Stock Fund Units were credited to my account by the Company, without payment by me, in transactions exempt under Rule 16b-3(c), under the Company's Benefit Equalization Plan, and included in my most recent plan statement. In general, these Ford Stock Fund Units will be converted and distributed to me, without payment, in cash, following termination of employment, based on the then current price of a Ford Stock Fund Unit and the then current market value of a share of Common Stock.

F5: These Ford Stock Equivalents were acquired under the Company's 1998 Long-Term Incentive Plan without payment by me. These Ford Stock Equivalents will be converted and distributed to me, without payment, in shares of Ford Common Stock on June 1, 2005.

F6: This option was granted under the Company's 1998 Long-Term Incentive Plan without payment by me. The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (03/12/2004), 66% after two years, and in full after three years.

F7: These Ford Stock Equivalents were acquired under the Company's 1998 Long-Term Incentive Plan without payment by me. These Ford Stock Equivalents will be converted and distributed to me, without payment, in shares of Common Stock on March 12, 2006.

F8: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (3/9/2001), 66% after
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 (03/15/2002), 66% aft
er 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 (03/19/2003), 66% af
ter two years, and in full after three years.