Ford Motor Co Says Expect Underfunded Status For Our Pension And OPEB Plans To Be About $2.3B And $4.7B, Respectively, At Year-End 2023; Pre-tax Remeasurement Loss In Our Q4 2023 Includes A $900M Loss Associated With Pension Plans Outside U.S.
Portfolio Pulse from Benzinga Newsdesk
Ford Motor Co anticipates underfunded pension and OPEB (Other Postemployment Benefits) plans by the end of 2023, with deficits of approximately $2.3 billion and $4.7 billion, respectively. The company also expects a pre-tax remeasurement loss of $900 million in Q4 2023 related to pension plans outside the U.S., as disclosed in an SEC filing.
January 24, 2024 | 9:22 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ford Motor Co expects significant underfunding in its pension and OPEB plans by year-end 2023 and a substantial pre-tax remeasurement loss in Q4 2023.
The announcement of underfunded pension and OPEB plans indicates potential financial stress and future obligations for Ford, which could negatively impact investor sentiment and the stock price in the short term. The significant pre-tax remeasurement loss further underscores the financial challenges, particularly as it pertains to international pension obligations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100