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☆ The Lions Are No Longer the NFL’s Turkeys
▼ + stars: | 2023-11-21 | by ( Andrew Beaton | ) www.wsj.com time to read: 1 min

Brad Holmes had been the Detroit Lions general manager for just a couple of weeks when he made the move that determined whether he would succeed at his new job—or set a woebegone franchise back even further. Holmes’s counterintuitive idea to turn around the team began with trading away the team’s most valuable player. But the deal in 2021 that gave up quarterback Matthew Stafford didn’t send the Lions into the type of painstaking rebuild that can take years, if it ever works at all. It actually allowed them to short-circuit that process and become a Super Bowl contender faster than anyone imagined.

Persons: Brad Holmes, Matthew Stafford didn’t Organizations: Detroit Lions, Lions

DETROIT (AP) — Ford Motor Co. said Monday that it's pausing construction of a $3.5 billion electric vehicle battery plant in Michigan until it is confident it can run the factory competitively. The move comes as the company is in the midst of national contract talks with the United Auto Workers union, which wants to represent workers at battery factories and win them top wages. In February, Ford announced plans to build the plant in Marshall, Michigan, employing about 2,500 workers to make lower-cost batteries for a variety of new and existing vehicles. But Ford spokesman TR Reid confirmed Monday that plant construction has been paused and spending has been limited on it. Earlier this year Virginia dropped out of the race for the same Ford plant after Republican Gov.

Persons: —, Ford, Marshall, TR Reid, ”, Shawn Fain, Sarah Lightner, Ford “, “, ” Lightner, Sam Abuelsamid, Abuelsamid, Biden, Glenn Youngkin, Joey Cappelletti, David Koenig Organizations: DETROIT, — Ford Motor, United Auto Workers union, UAW, Ford, Detroit, General Motors, EV, Amperex Technology, . Ltd, Republican State Rep, Guidehouse, Republican Gov, Chinese Communist Party, ____ Associated Press Locations: Michigan, Marshall , Michigan, Detroit, Marshall, China, U.S, Virginia, Lansing , Michigan, Dallas

☆ The Ford Bronco is being recalled due to hard-to-reach seatbelts
▼ + stars: | 2023-05-31 | by ( Chris Isidore | ) edition.cnn.com time to read: +1 min

“The customer may experience some dissatisfaction or be discouraged if they are unable to easily access the seatbelt… in its stowed position. The recall involves only the five-door version of the Bronco. But in this case the problem only came up during a standard examination of the Bronco by NHTSA. “Ford is not aware of any customer warranty or field reports of seatbelt… accessibility concerns,” said the agency’s notice. Ford is aware of one case in which the wheel came off, although fortunately no one was injured in that case.

Persons: Ford, ”, Ford didn’t, “ Ford Organizations: New, New York CNN, Ford Bronco, Traffic Safety Administration, Bronco, NHTSA, Rangers Locations: New York

☆ Companies Spend Record Amounts on Dividends, Despite Looming Downturn
▼ + stars: | 2022-12-30 | by ( Mark Maurer | ) www.wsj.com time to read: +7 min

They usually review their cash flow expectations for at least the next 18 months when determining whether or how much to pay in dividends, Mr. Silverblatt said. Of the S&P 500, 373 companies raised dividends in 2022 through Dec. 15, compared with 353 in 2021, according to S&P Dow Jones Indices. Five S&P 500 companies decreased their dividend in 2022 through Dec. 15, compared with four in 2021. It paid $7 billion in cash dividends for the year ended Oct. 30, up 13.2% from the prior-year period. Cash and cash equivalents totaled $505.5 million as of Sept. 30, down from $673 million a year earlier, filings showed.

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