United States

Ford Motor says FY capital spending outlook remains on track for about $7 bln

Thursday, 26 Oct 2017 11:59am EDT 

Oct 26 (Reuters) - Ford Motor Co ::Says outlook for full year capital spending remains on track for about $7 billion- SEC filing‍​.Says ongoing capital spending amount to support development, growth, restructuring expected to be about $8 billion annually through 2020.Says now expect full year pension contributions to funded plans to be about $1.5 billion, higher than prior guidance of about $1 billion.Says plans to pull ahead about $500 million of 2018 planned pension funding into Q4 to achieve a cash tax benefit.