Pensions are still mentioned as part of the problem for the lower EBIT prediction:
https://seekingalpha.com/news/3921598-ford-named-bearish-tactical-idea-at-wells-fargo?mailingid=30141127&messageid=2900&serial=30141127.34741&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=30141127.34741
Lower pension income is the returns from the pool of money reserved to pay out pensions
This has been listed for the 25 years I have been with Ford. Somebody will save a nickel on their cost objective and a late Friday e-mail news dump with a notice the pension is being frozen.
Oh you wait for the union negotiations! 😂 The UAW is going to play hardball!
But what does "lower pension income" mean in this context (below)?
A higher mix of lower-margin EVs, lower pension income, and rising software and EV investment costs are expected to be among major headwinds that are due to be abetted by union negotiations and potential supply chain issues