| Fields says Ford won't see big pension impact and Europe Aug. Commercial Vehicle Registrations: Summary |
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Ford Americas President Mark Fields said Thursday the company's pension payments aren't expected to have a significant impact on earnings or profits next year.Fields was responding to a Credit Suisse report Wednesday that suggested Ford's pension expenses could shave 15 to 20 cents per share off the automaker's earnings in 2011. In his report, analyst Chris Ceraso said that if tax discount rates expire and asset returns don't improve, Ford could be facing a $900 million increase in pension expenses in 2011. That could force the company to increase its pension contributions, he said. Ford is contributing around $1.5 billion to its pensions this year, company spokesman John Stoll said.Fields said that while Ford expected a moderate increase in its pension expenses next year, it plans to contribute the same amount in 2011 as it's contributing in 2010. Ceraso had anticipated that Ford would contribute as much as $2.7 billion in 2011. [Read the full article] 
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