General Motors Corp., Detroit, and Ford Motor Co., Dearborn, Mich., received requests from the SEC regarding their pension fund and retiree health care assumptions.
"We're confident that GM's financial reporting in this very complex area is complete," said Toni Simonetti, GM spokeswoman. "We understand a number of other companies have also received this request." Ms. Simonetti said GM received the request Oct. 14; she would not provide further details.
Glenn Ray, Ford spokesman, confirmed the automaker had received a "voluntary request" for information from the SEC into its accounting practices for pensions and retiree health care going back to Jan. 1, 2000. "We obviously meet the highest standards for accounting," he said, adding, "Obviously we will cooperate fully with the agency."
Greg Gardner, a spokesman for Visteon Corp., Ford's auto parts affiliate, said that the company had not heard from the SEC.
