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You are comparing the pension obligations of two automobile manufacturers, Ford Motor Company and General Motors Company (GM), for the fiscal year 2023. Requirements: Ford
You are comparing the pension obligations of two automobile manufacturers, Ford Motor Company and General Motors Company (GM), for the fiscal year 2023.
Requirements:
- Ford reported pension obligations of $20 billion as of December 31, 2023. GM's pension obligations for the same date amounted to $25 billion.
- Calculate the difference in pension obligations between Ford and GM.
- Discuss potential factors contributing to the differences in pension obligations and their impact on the financial health and liabilities of both companies.
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