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 can 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 best way it accounts for the advantages, Ford stated in a submitting. In the identical submitting, Ford stated will probably be changing sure Takata airbag inflators in autos together with the Ford Ranger, Fusion, and others in mannequin years 2006 by means of 2012. That can have an effect on about 2.7 million autos within the U.S. and 300,000 autos in Canada and elsewhere, at a price of about $610 million. That expense shall 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 Fast-fire, brief information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra data on this information.
