Ford expects $8.2 billion Q4 gain from Rivian investment – Automotive News

Ford on Tuesday likewise stated it would certainly reclassify a previous $900 million non-cash gain from Rivian right into its unique products. That suggests that number will certainly no more be consisted of in its modified EBIT projection.

Along with the Rivian gain, Ford additionally anticipates a non-cash $3.9 billion full-year gain (consisting of a $3.5 billion fourth-quarter gain) from a yearly reevaluation of worldwide pension plan and also various other post-retirement fringe benefit. Ford states it’s “primarily attributable to greater price cut prices and also property returns.”

The car manufacturer will certainly additionally tape $1.7 billion in expenses connected with redeeming and also retrieving greater than $7.6 billion in high-cost financial debt in the 4th quarter, along with a $3.6 billion non-cash tax obligation unique thing pertaining to modifications in Ford’s worldwide tax obligation framework.

Source: https://www.autonews.com/automakers-suppliers/ford-expects-82-billion-q4-gain-rivian-investment

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