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

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

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