From July until September 2011, Ford Motor Co. contributed $200 million to its worldwide pension plans. The cumulative contribution for Jan – Sept period reaches $1 billion. That comes as in August the carmaker reported a target pension contribution of $1.6 billion to its worldwide pension plans in 2011, with 12.5% more than in 2010.
Starting Dec. 31, its U.S. pension plans represented a mix between $39.9 billion in assets and $46.6 billion in liabilities, while its non-U.S. plans mixed $18.6 billion in assets and $23.3 billion in liabilities.
Ford reported a 4 percent increase in the profit of the first 9 months compared to last year, reaching $6.6 billion, and forecasts a growing trend for the fourth quarter, with 22,000 units produced more than last year, up to 1.4 million units. North America is seen as the only market that will allow sales increases for the remaining of 2011, while Europe and other regions register sales contractions due to global economical uncertainty.