This Week:

• Premiere of the W12 Coupé at the Tokyo Motor Show 2001
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• Ford Motor Company Announces Senior Management Changes
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• Willys2 Concept Expands Go-Anywhere, Do-Anything Attitude of Jeep® Brand
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• Porsche extends partnership with Valmet Automotive
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• Renault and Nissan plan to step up development of the Alliance
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• Pontiac Introduces Aztek SRV, A Go-Anywhere Do-Anything Vehicle
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• Ford Launches New Era of Personal Mobility with TH!NK Neighbor
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• Top design award for AUDI AG's "museum mobile" / North Rhine-Westphalia Design Centre awards "red dot:grand prix"
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• Toyota Financial Services Forms Mexican Company to Complement Toyota's Entry into Mexican Market
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• Chrysler Group Unveils Industry-First Vehicle Communications System
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• PSA PEUGEOT CITROËN -  Consolidated sales up a comparable 13.9% to 38.9 billion of euros at September 30, 2001
  .

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News of  October 31, 2001

Ford Motor Company Announces Senior Management Changes

Carl  Reichardt, retired chairman and chief executive officer of Wells Fargo and Company, is named vice chairman reporting to Mr. Ford. He also will become the chairman of the board's Finance Committee. Reichardt has been a member of Ford's board since 1986.

Martin Inglis, chief financial officer, and Don Winkler, chairman and CEO of Ford Financial, which includes the company's credit, leasing and rental operations, will report to Reichardt. John Rintamaki will report to Mr. Ford as chief of staff.

James Padilla is named group vice president, Ford North America, succeeding and reporting to Scheele.

In his expanded role, Bill Ford will set the company's objectives and focus on corporate, financial and strategic issues, the overall direction for the future of the company and strengthening relationships with key business partners including suppliers, dealers, customers and employees.  Scheele will be responsible for the global automotive business. Padilla will be responsible for all operations of Ford brand cars and trucks in North America.

"I am both proud and determined to lead the company forward as we face some difficult challenges," Mr. Ford said.  "There is nothing more important to me than the continued success of the Ford Motor Company. We want to have an even greater impact on the world in our next 100 years than we did in our last 100."

Mr. Ford has been chairman of the board since Jan. 1, 1999. He joined the company in 1979 as a product-planning analyst and subsequently held a variety of positions in manufacturing, sales, marketing, product development and finance in both the U.S. and Europe. In 1982, he served on the company's national bargaining team, which launched the employee involvement movement during the Ford-United Auto Workers labor talks that year.  He was executive director of Business Strategy for the Ford Automotive Group and also served as general manager of the Climate Control Division in 1992.  

He was elected to the company's board of directors in 1988 and elected a company vice president in 1994 as head of the company's commercial Truck Vehicle Center.

Scheele has been group vice president, Ford North America, since August 2001. Prior to that, he had been president and chairman of Ford of Europe since 1999.  In that role, he led the increasingly successful transformation of the business there.

Scheele was chairman and CEO of Jaguar Cars from 1992 to 1999. Under his leadership, sales doubled and product quality and brand image improved dramatically.  He has been with the company since 1966 and has held numerous positions around the world, including 14 years in North America.  

(Oct. 30, 2001)

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