Ford Motor Co. said it will take a one-time pretax charge of$800 million because the inability to exchange U.S. dollars forVenezuelan bolivars has restricted operations in the South Americancountry.

Ford's US$500 million cash balance in its Venezuelan operationswill no longer be included in the company's automotive gross cash,the company said today in a filing. The automaker said it willcount cash and income from Venezuelan operations only when theparent company is paid for parts sold to the unit or it paysdividends to the parent.

The second-largest U.S. automaker said the charge will reduceits fourth quarter net income by about $700 million, but it doesn'taffect the full-year pretax profit forecast of about $6billion.

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