$700M Venezuela Charge to Hit Ford 4Q Profit


Ford Motor Co said a charge related to its Venezuelan operations would reduce fourth-quarter profit attributable to the company by about $700 million, net of deferred tax benefits.

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Ford said its estimate for full-year pretax profit was unchanged at about $6 billion, excluding special items. (Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Don Sebastian)