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...from the federal treasury during the first three months of 2009 and Congress poised to offer consumers substantial tax credits for new, more fuel efficient vehicles, the costs of helping the struggling automobile industry are mounting fast. Throw in special financing for auto loans supported by the Federal Reserve Board, and the aid for automakers now totals $83 billion-and it keeps growing...
...addition, several automakers, among them Ford Motor Co., Volkswagen, Nissan, Honda and Mitsubishi, have applied for assistance under the Federal Reserve Board's Term Asset-Backed Securities Loan Facility or TALF. The TALF, which was set up last fall, was designed to subsidize the sale of asset-backed securities, a critical source of funding for car loans, student loans and credit card receivables...
...reduction in the cost of board...
...Overington said. “We raced well in the final.”While the varsity eight races headlined yesterday’s competition, Harvard displayed its depth as well, receiving solid performances from its other boats.The lightweights particularly turned in impressive results across the board, winning the Jope Cup by scoring 33 points on the day, two ahead of second-place finishers Yale and Princeton.The second varsity eight finished third in their race with a time of 5:59.002, trailing leader Yale by four seconds and second-place Navy by less than one tick.The lightweight 3V garnered...
However, a vehicle that is half the weight of an Abrams could more quickly be deployed to a combat area on board a C-17 aircraft. But lightening the tank would also put in jeopardy all the sensitive hi-technology that the Army wants in the vehicle as well: next-generation sensors, battle command equipment and active protection systems engineered to detect and destroy enemy fire before it hits. So any new vehicle has to be built tough enough to withstand roadside bombs and explosively formed penetrators, a senior Army official said. In addition, 70-ton vehicles simply will...