Ford's Woes Deepen As Pension Plan Falls $4 Billion Short

The Huffington Post News Editors, Huffington Post
Fri, 02/06/2009 - 5:54am

More on EconomyFeb. 6 (Bloomberg) -- Ford Motor Co. may have to contribute $4 billion to its pension plan after a 2008 shortfall, a cash drain that risks dragging the second-largest U.S. automaker closer to a federal bailout. The collapsing stock market left the fund with a $4.1 billion deficit for its projected obligations, after 2007's $3 billion surplus, Ford said in its fourth-quarter financial results.

Sections: news business

Topics: auto industry auto industry bailout bailouts big three ford motor company pensions

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Ford's Woes Deepen As Pension Plan Falls $4 Billion Short

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