Ford Reports $450 Million Noncash Transfer Pricing Tax Charge

Ford Motor Co. told investors that it expects to incur a $450 million tax charge related to its transfer pricing in other countries.

“During the second quarter of 2025, we anticipate recognizing a non-cash charge to deferred tax assets of about $450 million associated with resolving transfer pricing matters in certain non-U.S. operations,” the company said in a Tuesday quarterly report. “We expect the charge to be treated as a tax special item.”

• The company didn’t say what transfer pricing matters brought on the charge or which countries those non-US operations are in.
• Deferred tax assets are items ...