DEARBORN, Mich. — Ford Motor Co. says it needs more time to restate its earnings for accounting errors that involved interest rate hedging at its financial arm.
The company, in a filing with the Securities and Exchange Commission on Thursday, said it would file the proper forms on or before Tuesday. The deadline had been Thursday.
Ford reported a third-quarter loss of $5.8 billion, or $3.08 per share, on Oct. 23, and said it would have to restate five years worth of earnings due to accounting mistakes at Ford Motor Credit Corp. That compares with a $284 million loss, or 15 cents per share, during the same period of 2005.
The company said it did not expect significant changes in year-over-year results for the third quarter.
"We do anticipate changes, in some cases significant, in prior period results," Ford's SEC filing said.