LOS ANGELES, May 09, 2008 (BUSINESS WIRE) -- Tracinda Corporation today announced that it has commenced its
previously announced cash tender offer at $8.50 per share for up to
20,000,000 shares of common stock, or approximately 1% of the shares
outstanding, of Ford Motor Company (NYSE: F) common stock. The offer
is scheduled to expire at 5:00 p.m., New York City time, on Monday,
June 9, 2008, unless extended.

The offer price represents an approximately 13.3% premium over
Ford's closing stock price of $7.50 on April 25, 2008 (the last
trading day before the announcement of Tracinda's intention to make
the offer) and a 38.7% premium over Ford's closing stock price of
$6.13 on April 2, 2008, the day upon which Tracinda began accumulating
shares in the company. The tender offer will be subject to customary
conditions for transactions of this type, including expiration of any
applicable waiting period under the Hart-Scott Rodino Antitrust
Improvements Act of 1976, as amended. The tender offer will not be
subject to financing.

If the full amount of shares is purchased in the offer, Tracinda
Corporation, of which Mr. Kirk Kerkorian is the sole shareholder,
would beneficially own 120,000,000 shares of Ford common stock, or
approximately 5.5% of the outstanding shares.

Questions regarding the offer or requests for offer materials
should be directed to the information agent, D. F. King & Co., Inc.,
at (212) 269-5550 for banks and brokerage firms or (800) 859-8511 for
all others. Offering materials are being filed today with the
Securities and Exchange Commission (SEC) and will be available on the
SEC website at http://www.sec.gov and D. F. King's website at
http://www.dfking.com/Ford. Ford's stockholders are urged to read the
offering materials, which contain important information.

This press release shall not constitute an offer to purchase or a
solicitation of an offer to sell, which may be made only pursuant to
the terms of the Offer to Purchase and related Letter of Transmittal
being filed today with the SEC. The offer is not being made to, nor
will tenders be accepted from or on behalf of, holders of Ford shares
in any jurisdiction in which the making of the offer or the acceptance
thereof would not comply with the laws of that jurisdiction.

SOURCE: Tracinda Corporation

Abernathy MacGregor Group
Winnie Lerner/Tom Johnson
212-371-5999

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