Ford Motor Company said on Friday its US pension fund was underfunded by $US7.3 billion at the end of 2002 and that its pension costs would increase to $270 million in 2003, Reuters reported. According to Reuters, in slides released in advance of an analyst meeting, Ford said its worldwide pension under-funding totalled $14.5 billion. Its US pension funds had a negative return of 9.7% in 2002 as US stock markets suffered their third straight year of decline.