{"id":7359,"date":"2020-01-22T21:51:13","date_gmt":"2020-01-23T03:51:13","guid":{"rendered":"http:\/\/planesintheair.com\/?p=7359"},"modified":"2020-01-22T21:51:13","modified_gmt":"2020-01-23T03:51:13","slug":"ford-expects-2-2-billion-pre-tax-hit-related-to-pension-plans-in-fourth-quarter","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=7359","title":{"rendered":"Ford Expects $2.2 Billion Pre-Tax Hit Related to Pension Plans in fourth quarter"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"728\" height=\"503\" src=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2020\/01\/0705efddb9031390dca84356dbd6a987.jpg\" alt=\"\" class=\"wp-image-7360\" srcset=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2020\/01\/0705efddb9031390dca84356dbd6a987.jpg 728w, https:\/\/planesintheair.com\/wp-content\/uploads\/2020\/01\/0705efddb9031390dca84356dbd6a987-300x207.jpg 300w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><figcaption>FILE PHOTO: The corporate logo of Ford is seen at Brussels Motor Show<\/figcaption><\/figure>\n\n\n\n<p>(Reuters) &#8211; Ford Motor Co &lt;<a href=\"https:\/\/finance.yahoo.com\/quote\/F?p=F&amp;.tsrc=fin-srch\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"F (opens in a new tab)\">F<\/a>> said on Wednesday its fourth quarter results will be hit by a pre-tax loss of about $2.2 billion (1.7 billion pounds) due to higher contributions to its employees pension plans.<\/p>\n\n\n\n<p>The charge is largely related to a drop in discount rates, the company said, as that leads to an increase in the amount of money to be contributed for future pension benefits.<\/p>\n\n\n\n<p>The U.S. automaker said it will record a $2 billion loss related to pension plans outside the United States and a $600 million loss associated with other post-retirement employee benefits plans globally.<\/p>\n\n\n\n<p>However, the overall loss was offset by a $400 million gain associated with pension plans in the United States.<\/p>\n\n\n\n<p>On an after-tax basis, the loss is expected to reduce Ford&#8217;s net income by about $1.7 billion in the fourth quarter. The loss will not impact the adjusted earnings per share as it is a special item, the company said.<\/p>\n\n\n\n<p>(Reporting by Dominic Roshan K. L. in Bengaluru; Editing by Arun Koyyur)<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"450\" src=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2020\/01\/2abacb17241d808c96ff754e8ddfba55.jpg\" alt=\"\" class=\"wp-image-7361\" srcset=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2020\/01\/2abacb17241d808c96ff754e8ddfba55.jpg 800w, https:\/\/planesintheair.com\/wp-content\/uploads\/2020\/01\/2abacb17241d808c96ff754e8ddfba55-300x169.jpg 300w, https:\/\/planesintheair.com\/wp-content\/uploads\/2020\/01\/2abacb17241d808c96ff754e8ddfba55-768x432.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Ford Motor Co <F> said on Wednesday its fourth quarter results will be hit by a pre-tax loss of about $2.2 billion (1.7 billion pounds) due to higher contributions to its employees pension plans.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3794,6470,5877,5992,2203,1397,868],"tags":[4856,3255,5456,4606,5271,655,10051,2554,4586,4006,6882,6806,2318,4180,3301,9301,3322,4589,2074,3759,654,2073,412,2271,1485,3247,9215,1326,4799,5890,2067,5439,1288,3076,2836,1691,1658,444],"class_list":["post-7359","post","type-post","status-publish","format-standard","hentry","category-auto-news","category-automotive-news","category-car-news","category-economic-news","category-finance-news","category-stock-news","category-transportation-news","tag-automaker","tag-automotive","tag-benefits","tag-billion","tag-charge","tag-company","tag-contributions","tag-discount","tag-dollar","tag-drop","tag-employees","tag-expects","tag-ford","tag-fourth","tag-future","tag-globally","tag-higher","tag-hit","tag-income","tag-loss","tag-motor","tag-net","tag-news","tag-pension","tag-plan","tag-plans","tag-pre","tag-quarter","tag-rates","tag-related","tag-results","tag-retirement","tag-reuters","tag-states","tag-tax","tag-transport","tag-transportation","tag-united"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/7359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7359"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/7359\/revisions"}],"predecessor-version":[{"id":7362,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/7359\/revisions\/7362"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}