Ford will raise $ 1.5 billion in Q4 pension-related

Ford Motor Co F,
+ 6.17%
said late Thursday it expects a $ 1.5 billion pre-tax proposal related to its U.S. and foreign pension plans. That would reduce the carmaker’s net income by about $ 1.2 billion, but adjusted earnings (EBIT) or adjusted earnings per share would not affect the benefit, Ford said in a submission. In the same documentation, Ford said it would replace certain Takata airbag inflatables in vehicles, including the Ford Ranger, Fusion, and others in the 2006 to 2012 model years. in Canada and elsewhere. at about $ 610 million. The issue will be treated as a special item in the fourth quarter, the company said. Shares of Ford fell 0.4% in the extended session on Thursday after ending the normal trading day by 6%.

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