Ford Motor Co., Dearborn, Mich., contributed $300 million to its automotive division pension plans in the first quarter, the company announced Tuesday.
Ford contributed the same amount in the first quarter of 2010.
According to its 2010 10-K, filed Feb. 28, Ford expects to contribute a total of $1.6 billion to its worldwide pension plans in 2011 — $1.2 billion to automotive division pension plans and the remainder to make direct benefit payments.
As of Dec. 31, the asset allocation of Ford's U.S. plans was 45.5% fixed income; 43% equities; 7.1% hedge funds; 3.7% private equity; 0.4% cash and other; and 0.3% real estate. Asset allocation for the non-U.S. plan as of Dec. 31 was 37.8% equities; 34.4% fixed income; 23.7% cash and other; 3.8% hedge funds; 0.2% private equity; and 0.1% real estate.