Exhibit 21

SUBSIDIARIES OF FORD MOTOR COMPANY AS OF MARCH 10, 2004*

Organization					Jurisdiction
Ford Brasil Ltda.					Brazil
Ford Capital B.V.					The Netherlands
	Ford Motor Company (Belgium) N.V.				Belgium
	Ford Nederland B.V.				The Netherlands
Ford Espana S.A.					Spain
Ford European Holdings, Inc.					Delaware, U.S.A.
	Ford Deutschland Holding, GmbH				Germany
		Ford Werke AG			Germany
			Volvo Car Holding Germany GmbH		Germany
				Volvo Car Germany GmbH	Germany
Ford Holdings LLC					Delaware, U.S.A.
	Ford Motor Land Development Corporation				Delaware, U.S.A.
	The Hertz Corporation				Delaware, U.S.A.
		Hertz Equipment Rental Corporation			Delaware, U.S.A.
		Hertz General Interest LLC			Delaware, U.S.A.
Ford Global Technologies, LLC					Delaware, U.S.A.
Ford International Capital Corporation					Delaware, U.S.A.
	Ford Automotive Holdings				England
		Blue Oval Holdings			England
			Ford Motor Company Limited		England
		Jaguar Limited			England
			Jaguar Cars Limited		England
		Volvo Car UK Limited			England
Ford Italia S.p.A.					Italy
Ford Mexico Holdings, Inc.					Delaware, U.S.A.
	Grupo Ford S. de R.L. de C.V.				Mexico
		Ford Motor Company, S.A. de C.V.			Mexico
Ford Motor Company of Canada, Limited					Ontario, Canada
	Essex Manufacturing				Ontario, Canada
	FLH Holding, Inc.				Ontario, Canada
		Ford Lio Ho Motor Company Ltd.			Taiwan
	Ford Motor Company of Australia Limited				Australia
	Land Rover Holdings				England
		Land Rover			England
Ford Motor Company of Southern Africa (Pty) Limited					South Africa
Ford Motor Credit Company					Delaware, U.S.A.
	Ford Credit Auto Receivables Two, LLC				Delaware, U.S.A.
	Ford Credit Auto Receivables Two, L.P.				Delaware, U.S.A.
	Ford Credit International, Inc.				Delaware, U.S.A.
		FCE Bank plc			England
		Ford Credit de Mexico S.A. de C.V.			Mexico

Organization						Jurisdiction
		Ford Credit Canada Limited				Canada
			Ford Credit Canada Leasing Company			Canada
		Ford Credit Floorplan Corporation				Delaware, U.S.A.
		Ford Credit Floorplan, LLC				Delaware, U.S.A.
		Primus Automotive Financial Services, Inc.				New York, U.S.A.
		The American Road Insurance Company				Michigan, U.S.A.
Ford Motor Service Company						Michigan, U.S.A.
	Gentle Winds Reinsurance, Ltd.					Cayman Islands
Ford Motor Vehicle Assurance Company						Michigan, U.S.A.
Ford Otomotiv Sanayi Anonim Sirketi (Otosan)						Turkey
Ford Super Enhanced Investment Partnership						Michigan, U.S.A.
Ford Trading Company, LLC						Delaware, U.S.A.
Ford VAC Corporation						Delaware, U.S.A.
	Ford VHC AB					Sweden
		Volvo Personvagnar Holding AB				Sweden
			Volvo Personvagnar AB			Sweden
				Snebe Holding B.V.		The Netherlands
					Volvo Cars NV	Belgium
				Volvo Personbilar Sverige Aktiebolag		Sweden
Groupe FMC France SAS						France
	FMC Automobiles SAS					France
Land Rover North America, Inc.						Delaware, U.S.A.
	PAG Holdings Japan, Inc.					Japan
PAG Import, Inc.						Japan
Volvo Cars of North America, LLC						Delaware, U.S.A.

404     Other U.S. Subsidiaries

524     Other Non-U.S. Subsidiaries

*  Subsidiaries are not shown by name in the above list if, considered in the aggregate as a single subsidiary, they would not constitute a significant subsidiary.