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Ford Warns Investors: $2.1 Billion in Charges Are Coming

John Rosevear, The Motley Fool
·2-min read
Ford Warns Investors: $2.1 Billion in Charges Are Coming

Ford Motor Company (NYSE: F) warned investors that it plans to take one-time charges of over $2 billion against its fourth-quarter earnings, the result of a recall and an accounting issue related to its pension funds. Ford said in a regulatory filing on Thursday that a recall of about 2.7 million vehicles made between 2006 and 2012, to replace defective airbag inflators made by Japanese supplier Takata, will result in a charge of about $610 million against its fourth-quarter earnings. About 67 million vehicles worldwide have been recalled to replace airbag inflators made by Takata, which can explode without warning.

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