New York, Jan 30, 2026, 10:55 EST — Regular session
- Ford shares slipped following their announcement of an anticipated pension-and-benefits remeasurement loss
- Autos remain linked to bond market moves amid rate chatter and inflation data
- Investors are focused on Washington’s examination of Ford’s battery strategy ahead of the Feb. 10 earnings report
Ford Motor (F.N) shares slipped roughly 0.7% on Friday after the company disclosed it anticipates a $0.6 billion pretax loss from remeasuring its pension and other postretirement employee benefit (OPEB) plans. The stock was down 10 cents at $13.90 by 10:49 a.m. ET. Ford noted this non-cash charge—split evenly between U.S. and international pension plans—will reduce net income by about $0.5 billion after tax but won’t impact adjusted EBIT, a profit metric excluding special items. (SEC)
This disclosure comes right before Ford’s fourth-quarter and full-year 2025 earnings, potentially clouding the main profit figure that some investors focus on. The automaker plans to publish results at 4:05 p.m. ET on Feb. 10, followed by a 5 p.m. call with CEO Jim Farley and CFO Sherry House. (Ford From the Road)
Autos bounced back, acting like rate-sensitive stocks once more. The White House announced President Donald Trump’s choice of former Fed governor Kevin Warsh to replace Jerome Powell as chair—a move many investors see as hawkish. “There is a general sense of hawkishness in the market,” noted Ipek Ozkardeskaya, senior analyst at Swissquote Bank. (Reuters)
Inflation figures offered little relief. Producer prices, tracking costs for businesses, climbed 0.5% in December—higher than economists expected, according to the Labor Department. Investors are now eyeing next Friday’s U.S. jobs report for fresh clues on wage growth and interest rate risks. (Reuters)
Ford’s drop echoed declines across other legacy carmakers. General Motors slipped roughly 1.3%, Stellantis edged down around 0.5%, but Tesla jumped roughly 5% in morning trading.
Policy remains a factor for Ford. Michigan Republican Rep. John Moolenaar, who leads a U.S. House committee, grilled Farley this week over Ford’s licensing agreement with China’s CATL and the automaker’s move into energy-storage systems. In his letter, Moolenaar warned that China “will weaponize the auto supply chain,” while Ford defended its push into LFP batteries as “an investment in American workers.” (Reuters)
California regulators are meeting with Detroit automakers, including Ford, as the state advances its next round of greenhouse-gas regulations for cars and trucks. CARB chair Lauren Sanchez revealed that Governor Gavin Newsom will unveil a new $200 million EV incentive plan next week, stepping in after federal tax credits were scrapped last year. “We are accelerating all of our work on zero-emissions vehicles,” Sanchez said. (Reuters)
Traders are facing a crowded tape: rate swings, evolving EV policies, and now a new accounting wrinkle that affects GAAP net income but leaves Ford’s favored “adjusted” metrics untouched.
The pension remeasurement is essentially a mark-to-market reset — it pushes changes in assumptions straight into earnings rather than smoothing them over time. While cash remains unaffected, reported profits can still swing sharply when discount rates or actuarial assumptions shift.
The risk for the stock is clear: high yields mean higher financing costs, which could curb demand for expensive vehicles. On top of that, political battles over sourcing rules might delay battery production and incentive programs. Watch closely for any surprises on Feb. 10—whether on pricing, EV losses, or the 2026 outlook—as those will probably carry more weight than the pension details.
Ford is set to report its Q4 2025 earnings on Feb. 10 at 5:00 p.m. ET. Investors will focus on demand trends, margin pressures, and how policy shifts and battery supply issues might shape the 2026 outlook. (Ford)
