Ford will take over the $ 1.5 billion pension tax in Q4

Ford Motor Co. F,
+ 6.17%
He said late Thursday that he expects to receive a $ 1.5 billion pre-tax blow to his US and overseas pension plans. This will reduce the automaker’s net income by about $ 1.2 billion, but will not affect adjusted EBIT or adjusted earnings per share because of the way it accounts for benefits, Ford said in a statement. In the same case, Ford said it will replace certain Takata airbag inflators in vehicles, including Ford Ranger, Fusion and others, in the 2006-2012 model years. This will affect approximately 2.7 million vehicles in the United States and 300,000 vehicles in the United States. Canada and elsewhere, at a cost of about $ 610 million. This expense will be treated as a special item in the fourth quarter, the company said. Ford shares fell 0.4% in the extended session on Thursday, after the end of the regular trading day, by 6%.

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