Ford Motor Co. F,
He said Thursday night that he expects to see a $ 1.5 billion pre-tax loss related to his pension plans in the United States and abroad. This will reduce the automaker’s net profit by about $ 1.2 billion, but it will not affect adjusted EBIT or adjusted earnings per share due to the way it counts benefits, Ford said in a filing. In the same process, Ford said it will replace certain Takata airbag inflators in vehicles, including the Ford Ranger, Fusion and others in the model years 2006 to 2012. This will affect some 2.7 million vehicles in the US and 300,000 vehicles in 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 Thursday’s extended session after ending the regular trading day with a 6% rise.
