Funky Cars > Ford completes transfer of retiree healthcare to VEBA, makes extra ...

[Autoblog] "The transfer of these health care liabilities to the VEBA Trust is the culmination of several years of work and will significantly improve our competitiveness in the U.S.," said Lewis Booth, Ford's chief financial officer. "We have removed a substantial health care liability from our balance sheet and have significantly reduced health care expenses.

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[egmCarTech] Ford transfers UAW retiree health care liabilities to VEBA ...: FoMoCo said today that it completed the transfer of its UAW retiree health care liabilities to the UAW Retiree Medical Benefits Trust (VEBA Trust) on Dec. 31, 2009.

[Auto X Pert - Automotive Blog] Ford completes transfer of retiree healthcare to VEBA, makes extra ...: Sure, the company takes a big hit now with the billions of dollars it just paid into the UAW-run VEBA account, but over the long term Ford won't be forced to roll the rising cost of retiree health care into the price of its vehicles.

[San Francisco Examiner AP Story Archive Feed] Ford shifts UAW retiree health care liabilities to employee ...: Ford, along with General Motors and Chrysler, set up a voluntary employee beneficiary association, or VEBA, to pay for retirees' the health care.

[FinancialWireâ™] FirstAlert(tm) Daily 1/5: A Healthier Ford « FinancialWireâ™: According to Reuters, Ford said it completed scheduled payments of over $2 billion, and had opted to make an early payment of $500 million on debt owed to the UAW's VEBA trust, or Voluntary Employees Beneficiary Association. would bring some consumer-side discipline by leading to a scaling back on plans at the higher end (think higher co-pays and deductibles), and a growing grassroots of political demand for an overall reduction in health care delivery costs.

[Stock Market News & Stocks to Watch from StraightStocks] Ford Uses Stocks to Pay VEBA - Analyst Blog | Stock Market News ...: Ford owes an initial payment of $1.9 billion to the retiree fund at the end of the month, with up to $600 million of that amount payable in stock. With this, health care coverage for about 285,000 Ford retirees and their dependents, along with some active workers will shift on Jan 1, 2010 from Ford to the fund.

[BNET Blogs] Awash in Common Stock, Ford Motor Issues More Shares to UAW-Run ...: In my opinion, going forward the automaker’s operating results will rise and set with the pace of U.S. and European economic activities, as Ford derived 76.4 percent of recent third-quarter sales from its North American and Ford Europe automotive segments. A muted industry recovery in both theatres would likely leave vested stakeholders —

[Young man Blog] FORD TRANSFERS ITS UAW RETIREE HEALTH CARE LIABILITIES TO VEBA ...: 31, 2009, it completed the transfer of its UAW retiree health care liabilities to the UAW Retiree Medical Benefits Trust (“VEBA Trust”). Pursuant to a court-approved settlement agreement, the transfer of these liabilities was .

[DriveBlog] Ford completes transfer of retiree healthcare to VEBA, makes extra ...: Sure, the company takes a big hit now with the billions of dollars it just paid into the UAW-run VEBA account, but over the long term Ford won't be forced to roll the rising cost of retiree health care into the price of its vehicles.

[Stock Blog Hub] ($F) Ford Uses Stock to Pay Retiree Health Care Fund | Stock Blog Hub: Ford owes an initial payment of $1.9 billion to the retiree fund at the end of the month, with up to $600 million of that amount payable in stock. With this, health care coverage for about 285,000 Ford retirees and their dependents, along with some active workers will shift on Jan 1, 2010 from Ford to the fund.

[Health Blog] Ford Completes $13.2b Health Care Liability Transfer To VEBA | The ...: Ford Completes $13.2b Health Care Liability Transfer To VEBA | The ”¦ This entry was posted by admin on Monday, 4 January, 2010. Ford has wrapped up some much-needed financial wrangling today, as it struggles with with its monstrous pile ...

[Health Blog] Ford Completes $13.2b Health Care Liability Transfer To VEBA | The ...: Ford has wrapped up some much-needed financial wrangling today, as it struggles with with its monstrous pile of debt. According to Automotive News , Ford. View post: Ford Completes $13.2b Health Care Liability Transfer To VEBA | The ”¦ ...

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