Posted by: Market Watch in Market Information 1 hour in the past Ford Motor Co. stated late Thursday it expects to take a $1.5 billion pre-
Ford Motor Co. stated late Thursday it expects to take a $1.5 billion pre-tax hit associated to its pension plans within the U.S. and abroad. That may scale back the auto maker’s web revenue by about $1.2 billion, however not affect adjusted EBIT or per-share adjusted earnings due to the way in which it accounts for the advantages, Ford stated in a submitting. In the identical submitting, Ford stated it will likely be changing sure Takata airbag inflators in autos together with the Ford Ranger, Fusion, and others in mannequin years 2006 by 2012. That may have an effect on about 2.7 million autos within the U.S. and 300,000 autos in Canada and elsewhere, at a value of about $610 million. That expense might be handled as a particular merchandise within the fourth quarter, the corporate stated. Shares of Ford fell 0.4% within the prolonged session Thursday after ending the common buying and selling day rallying 6%. Market Pulse Tales are Speedy-fire, brief information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra info on this information.
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