Ford Motor Co.

NYSE:F   3:59:58 PM EDT
+0.12 (+0.83%)
4:50:59 PM EDT: $14.00 -0.03 (-0.21%)
Layoffs, Other Pre-Announcement

Ford Motor Says Ford Motor Credit Company Announced Plan Of Units In Brazil And Argentina To Cease Originating Receivables By 2021 End

Published: 06/28/2021 20:54 GMT
Ford Motor Co. (F) - Ford Motor Co - Ford Motor Credit Company Llc Announced the June 25, 2021 Plan of Units in Brazil and Argentina to Cease Originating Receivables by 2021 End.
Ford Motor Co - Ford Credit Announced the June 25, 2021 Plan to Begin Process of Selling/otherwise Winding Down Operations in Brazil, Argentina.
Ford Motor Co - in Connection With Winding Down Announcement, Ford Currently Expects to Record Pre-tax Charges of Up to $375 Million.
Ford Motor Co - Employees Affected by Winding Down of Brazil, Argentina Operations Notified on Monday.
Ford Motor Co - Charges Will Primarily Be Non-cash, Including Up to $365 Million of Foreign Currency Translation Losses.
Ford Motor Co - Expects Most Losses Related to Winding Down of Brazil, Argentina Operations to Be Recognized in 2021.
Ford Motor Co - About $10 Million Will Be Paid in Cash for Employee Separations, With the Majority Paid in 2021.