Ford to take charge of $ 1.5 billion related to fourth quarter pensions

Ford Motor Co. F,
+ 6.17%
said Thursday night he expected to take a pre-tax $ 1.5 billion hit from his pension plans in the United States and abroad. 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 repository. In the same filing, Ford said it will replace some Takata airbag inflators in vehicles, including the Ford Ranger, Fusion and others, from model years 2006 to 2012. This will affect an estimated 2.7 million people. vehicles in the United States and 300,000 vehicles in Canada and elsewhere. , at a cost of approximately $ 610 million. That expense will be treated as a special item in the fourth quarter, the company said. Ford shares fell 0.4% in the extended session Thursday after the end of the regular trading day, up 6%.