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• VOLKSWAGEN Phaeton - Start of a new era
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• Ford Strengthens Leadership Team
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• Diesel MINI announced
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• The Last Chrysler Prowler Ever Built Sold for $175,000 at Christie New York Auction
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• GM'S AUTOnomy Receives Prestigious Award
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• Hyundai Motor America Celebrates the Grand Opening of Its First Baltimore Port Processing Facility
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• BMW Group sees ongoing positive development
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• Toyota Opens New Financial Services Center In Owings Mills, Maryland
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• Porsche enhances liquidity position for future growth
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• DaimlerChrysler Award for South African Sculpture 2002 goes to Jane Alexander

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News of May 22, 2002

Ford Strengthens Leadership Team

• Allan Gilmour Appointed Vice Chairman and Chief Financial Officer
• Martin Inglis Appointed Group Vice President of Business Strategy
• David Thursfield Appointed Group Vice President of International Operations and Global Purchasing

DEARBORN/USA - Ford Motor Company announced today that Allan Gilmour, former vice chairman of Ford Motor Company, will rejoin the automaker as vice chairman and chief financial officer effective immediately. This move is one of a series of management changes designed to strengthen the financial and operational leadership of the company.

Martin Inglis, former group vice president and chief financial officer, is appointed group vice president of Business Strategy, effective immediately. Inglis has responsibility for business strategy, mergers and acquisitions, and Hertz.

Also announced, David Thursfield, currently Ford Motor company group vice president and chairman, president and chief executive officer of Ford of Europe, becomes group vice president of International Operations and Global Purchasing, effective Aug. 1. He succeeds Carlos Mazzorin who becomes Senior Advisor to the Office of the Chairman and Chief Executive (OCCE).

Thursfield continues his role as chairman and chief executive officer, Ford of Europe. Ford of Europe, Global Purchasing, South American Operations and Asia Pacific Operations now will report to him.

Martin Leach is appointed president and chief operating officer, Ford of Europe. Derrick Kuzak has been elected a Ford Motor Company vice president and will succeed Leach as vice president of Product Development, Ford of Europe. These appointments also are effective Aug. 1.

Gilmour retired from the company in 1995 after serving as vice chairman and as a member of the Office of the Chief Executive and the company's Board of Directors. He also held positions as president of the Ford Automotive Group, chief financial officer, controller, and president of Ford Motor Credit Company during his 34-year career. Currently, Gilmour owns a Ford and Chrysler dealership and serves as a member of the Board of Directors of Prudential Financial, DTE Energy, Whirlpool Corporation and Dow Chemical.

Inglis was named group vice president and chief financial officer Aug. 1, 2001. Previously, he was vice president, Ford North America. Inglis joined the company in 1971 as a graduate trainee and has held many positions since, including director of Finance for Car Product Development, director of International Automotive Business Strategy and Latin American Automotive Operations, executive director of Product Strategy Office for Product Development, and vice president of Product and Business Strategy. Inglis holds a bachelors degree in business economics from Strathclyde University in Glasgow, Scotland.

Thursfield was previously chairman, president and chief executive officer of Ford of Europe, a position he assumed Aug. 1, 2001. He was appointed a group vice president on Nov. 7, 2001. Prior to this, he held positions as vice president, Vehicle Operations for both Ford Automotive Operations in North America and Australia, and in Germany for Ford's European and South American operations. Thursfield joined Ford in 1979 as plant manager of the Broadmeadows Car Assembly Plant in Australia. He has degrees in product engineering and industrial psychology from Aston University in Birmingham, England and Brunel University in London respectively.

Mazzorin was previously group vice president of Asia Pacific Operations, South American Operations and Global Purchasing, a position he assumed in November 2001. Prior to that, Mazzorin was group vice president of South American Operations and Global Purchasing. During his 30-year career, Mazzorin has held a variety of positions in purchasing and procurement, including executive director of Production Purchasing for North American Automotive Operations, vice president of Production Purchasing and vice president of Purchasing. Mazzorin joined the company in 1972 as a procurement planning analyst. He has a bachelor of science and master of business administration degree from the University of Buenos Aires.

(May 20, 2002)

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