SHARE THIS ARTICLE

Ford Motor Co.

on Wednesday said it will take a fourth-quarter financial hit of about $2.2 billion for how it accounts for liabilities on employee pension plans and retirement benefits.

The automaker, in a filing with the Securities and Exchange Commission, said the hit includes a $2 billion loss associated with pension plans outside the country. It also includes a $600 million loss associated with post-retirement employee benefit plans globally, although that was partially offset by a $400 million gain associated with pension plans in the U.S.



Read Article


Ford Says It Will Take A $2.2 Billion 4th Quarter Hit Because Of Pension Benefits

About the Author

Agent009

User Comments

Dutchman
monster
PUGPROUD
carloslassiter
MDarringer

Add your Comments

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters): [img]IMAGE URL[/img]
Example: [img]http://agent001.myautospies.com/images/sample.jpg[/img]