USA: Ford Provides Detail on Second Quarter Charges
Ford Motor Company (NYSE: F - news) today disclosed detail on the one-time charges it will incur in the second quarter of 2000. Visteon Independence: Ford Motor Company will post an after-tax charge of approximately $2.3 billion related to the distribution of the company's 100 percent interest in Visteon Corporation (NYSE: VC - news) to Ford shareholders on June 28. This amount reflects the difference between the carrying value of Ford's net investment in Visteon and the market value of Visteon stock on the date of distribution.
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