Ford (F) says it lowered its estimate for 2013 full-year profit in part due to higher warranty expenses in the U.S. associated with a large recall of Escape vehicles.
The automaker also faces some extra adversity in Venezuela as a result of unanticipated government actions. Performance estimates for Asia/Pacific/Africa and Europe are on track with Ford's prior outlook.
The automaker almost cut in half its pension obligation during 2013 on an aggressive lump sum program.
Product launches in 2014: North America 23; South America 4; Europe 12; Asia/Pacific/Africa 8.
F -4.4% premarket.