Ford discloses SEC inquiry into restatement
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From Reuters
Ford Motor Co. said it had been contacted by the Securities and Exchange Commission for additional information about its financial restatement this week.
Dearborn, Mich.-based Ford also amended its net loss for the first half of the year to $1.74 billion, compared with the previously reported $1.44 billion.
The automaker had restated results from the last five years to correctly account for interest rate derivatives used to hedge longer-term debt.