Word: loaned
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...critics of the plan say that is will do little to boost sales, and could wind up being surprisingly expensive. Here's their math: In order to get lenders to make the loans at below market rates, the government would have to basically pay banks the difference between the market rate and the 4.5% they would like banks to lend at - currently 1%. That would still leave a profit of 0.8% on every loan the government helped originate through the program...
...there were the occasional hits that demonstrated Detroit's deep pedigree in engineering and design. Chrysler, desperately surviving on a government-guaranteed loan, created the minivan in 1984. That same year, it launched the first modern sport-utility vehicle, the Jeep Cherokee. Throughout it all, Detroit kept its dominance of the hugely important pickup-truck market - and does so to this...
...Senate, especially, Dems need at least nine Republicans to pass veto-proof legislation, assuming they can count on all their members, which makes coming to a deal in a lame-duck session particularly difficult. Other options Democrats are exploring include asking the Federal Reserve to supply the loans or requiring the banks that the government is currently bailing out to loan the money to the Big Three. As an alternative, Utah Senator Bob Bennett suggested Thursday that those banks getting money from the Treasury be required to convert any carmaker debt that they hold into equity, thereby easing...
...surprised to read that Detroit needs a huge loan to create new fuel-efficient models. Both Ford and General Motors have an excellent range of fuel-efficient models in their overseas car plants, so all Detroit has to do is to apply their overseas expertise in the U.S. I drive a 1.2-liter Opel Corsa (made in Germany) and our second car is a 0.8-liter Chevrolet Matiz (made in Korea). These cars aren't "gas guzzlers." Jan Nieuwenhuizen, DORDRECHT, NETHERLANDS...
...guilt. And any large-scale move against Pakistan-based militants could bring a sharp reaction on the streets. Zardari's government is in a particularly precarious position now that it has been forced to seek an International Monetary Fund bailout to avoid bankruptcy - the conditions attached to the IMF loan will force the government to rein in public spending, intensifying the hardships being suffered by much of the population and raising the likelihood of social instability...