Washington, D. C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                        Date of Report December 22, 2003
                        (Date of earliest event reported)

                               FORD MOTOR COMPANY
             (Exact name of registrant as specified in its charter)

                 (State or other jurisdiction of incorporation)

          1-3950                                        38-0549190
          ------                                        ----------
   (Commission File Number)                   (IRS Employer Identification No.)

 One American Road, Dearborn, Michigan                     48126
 -------------------------------------                     -----
(Address of principal executive offices)                 (Zip Code)

         Registrant's telephone number, including area code 313-322-3000


Item 5.  Other Events.

     Our news release dated December 22, 2003,  concerning  new agreements  with
Visteon  and an increase  in our  full-year  2003  earnings  guidance,  filed as
Exhibit 20 to this Report, is incorporated by reference herein.

     Ford Motor Company conducted a conference call at 9:00 a.m. on December 22,
2003 to review the new  agreements  and its increase in full-year  2003 earnings
guidance.  The  conference  call was hosted by Don  Leclair,  Ford's  Group Vice
President  and Chief  Financial  Officer.  Investors  can access  replays of the
conference    call   by   visiting   one   of   the    following    web   sites:  or  or by  dialing  888-286-8010
(617-801-6888 for international dial-in), passcode 36338027.

     Exhibit 20 to this  Report  includes,  among other  things,  an increase to
Ford's full-year 2003 earnings guidance  excluding special items, which guidance
constitutes a "non-GAAP  financial  measure" as defined in Item 10 of Regulation
S-K of the  Securities  Exchange Act of 1934,  as amended.  Exhibit 20 indicates
that Ford is increasing  its full-year  2003  guidance from  $0.95-to-$1.05  per
share to  $1.05-to-$1.10  per share,  in each case from  continuing  operations,
excluding  special  items.  The  most  directly  comparable   financial  measure
calculated and presented in accordance with GAAP to earnings per share excluding
special  items  is net  income  per  share.  Page 5 of  Exhibit  20  contains  a
reconciliation  of our earnings per share guidance  excluding  special items and
such  guidance  on a net income per share  basis.  On a net  income  basis,  our
full-year 2003 earnings  guidance is  $0.18-to-$0.23  per share.  We believe the
earnings  per share  excluding  special  items  measure  is useful to  investors
because  it  excludes  items  that  are not  related  to our  ongoing  operating
activities  and,  therefore,  are not  necessarily  reflective  of the operating
results of the company for the covered period.  As a result,  our guidance on an
earnings per share excluding special items basis provides  investors with a more
relevant  measure of the results  generated by our operations.  In addition,  we
understand  that many people in the  investment  community  look to this measure
when tracking our results.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.


Designation             Description                   Method of Filing
-----------             -----------                   ----------------

Exhibit 20              News Release dated
                        December 22, 2003             Filed with this Report



     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized on the date indicated.

                                        FORD MOTOR COMPANY

Date:  December 22, 2003                By: /s/Peter J. Sherry, Jr.
                                            Peter J. Sherry, Jr.


                                  EXHIBIT INDEX

Designation              Description
-----------              -----------

Exhibit 20               News Release dated December 22, 2003