首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
(1)Detroit seems to be where Wall Street meets Main Street. Tight credit is reckoned to have cost the American carmakers 40,000
(1)Detroit seems to be where Wall Street meets Main Street. Tight credit is reckoned to have cost the American carmakers 40,000
admin
2018-05-11
34
问题
(1)Detroit seems to be where Wall Street meets Main Street. Tight credit is reckoned to have cost the American carmakers 40,000 sales in August, worth about $ 1 billion in revenue. The impact has been felt most by America’s Big Three—General Motors, Ford and Chrysler—which have suffered this year as consumers shunned gas-guzzlers in favour of the smaller cars mostly made by Japanese firms in American factories. Overall light-vehicle sales hit a 15-year low in September, with a fall of 27% compared with a year earlier. The problem is finance. "We have plenty of customers—what we don’t have is financing available to meet their needs," Mike Jackson, chief executive of AutoNation, a leading car-dealer chain, told CNBC this week. He reckons that tighter credit and limits on finance for leases have cost his firm a fifth of its sales this year.
(2)The Big Three have been hit by petrol prices pushing towards $ 4 a gallon, by more demanding federal fuel-economy rules and by the credit crunch wrecking consumer finance. But the federal government came to their aid this week when George Bush signed an energy bill that includes $ 25 billion in loan guarantees to ease their pain. Supposedly this is to allow the Big Three to retool their factories to produce more economical vehicles. David Cole, director of the Centre for Automotive Research, an industry body, estimates that such retooling could cost at least
$ 100 billion. But money is money, so the infusion of cheap credit will help the carmakers pay their bills next year. " Given the market position of the Big Three, things will get sticky by mid-2009, because they have to keep spending on new programmes," says Joe Philippi of Auto Trends, a consultancy.
(3)The rules are still being worked out, but the deal means that car companies—blessed with the government guarantee—should get loans with an interest rate of around 5% rather than the 15% they would face on the open market in today’s conditions. The stipulation that the loans are only for firms with factories at least 20 years old rules out nearly all the "transplant" factories that foreign carmakers built in America to get around tariff barriers. And even if some Japanese carmakers do qualify for loans, they are not expected to ask for them.
(4)So a sum that seemed preposterous only a few months ago has won overwhelming approval from politicians. Compared with the demand for $ 700 billion to underpin the financial system, who can complain about a mere $ 25 billion for carmakers? And using government money to keep honest, hardworking car-industry workers in their jobs is easier for politicians to justify than handouts for greedy Wall Street bankers. The sales-pitch is even more compelling in an election year.
(5)Once industrial subsidies like this begin to flow, it is difficult to stop them. A recent study by the Cato Institute, a right-wing think-tank, found that the federal government spent some $ 92 billion subsidising business in 2006 alone. Only $ 21 billion of that went to farmers: much of the rest went to firms such as Boeing, IBM and GE in the form of export-credit support and various research subsidies.
(6)The Big Three are already complaining that it will take too long to dish out the money, and they want the process speeded up. They also want a further $ 25 billion, possibly attached to the second version of the Wall Street rescue bill. The logic of bailing out Wall Street is that finance underpins everything. Detroit cannot begin to make that claim. But, given its successful lobbying, can it be long before ailing airlines and failing retailers join the queue?
The passage suggests that in fact______can receive the guaranteed loans.
选项
A、all carmakers in need of retooling
B、old U. S. carmakers and dealers caught in trouble
C、factories of foreign carmakers in the U. S.
D、major carmakers like the Big Three
答案
D
解析
推断题。根据第五段末句可知,除了金融行业,能拿到政府巨额补贴的往往是一些大公司,因此[D]为正确答案。根据第三段第二句可知,法案以工厂至少具有20年历史为限,因此并非所有陷入危机的美国汽车生产商都有资格申请政府贷款,而且也不面向汽车经销商,故排除[A]和[B];根据第三段末句可知,上述限制条件看似对美资和外资企业一视同仁,实则几乎将所有的外资汽车工厂排除在外,当然历史较短的美国汽车企业也不具备资格,而一些日本汽车工厂即使符合条件,恐怕也拿不到优惠贷款,故排除[C]。
转载请注明原文地址:https://kaotiyun.com/show/ZWoK777K
0
专业英语八级
相关试题推荐
CulturalDifferencesbetweenEastandWestI.FactorsleadingtotheculturaldifferencesA.Differentculture【T1】______【T1】___
A、Englishlanguageproficiency.B、Differentculturalpractices.C、Differentnegotiationtasks.D、TheAmericanizedstyle.B本题考查在J
PASSAGEFOURWhatcanthesuccessofGooglebeascribedtoaccordingtothefirstparagraph?
NoEnglishmanbelievesinworkingfrombooklearning.Hesuspectseverythingnew,anddislikesit,unlesshecanbecompelledby
NoEnglishmanbelievesinworkingfrombooklearning.Hesuspectseverythingnew,anddislikesit,unlesshecanbecompelledby
(1)SiliconValleyisamagnettowhichnumeroustalentedengineers,scientistsandentrepreneursfromoverseasflockinsearch
SomeTheoriesofHistoryI.TheproblemsofunderstandinghistoryHistorywithwrittenrecords:therecordsmaybe【T1】______
SubfieldsofLinguisticsTheoverlappinginterestsbetweenthefieldoflinguisticsandotherdisciplinescreateseveral【T1】
SubfieldsofLinguisticsTheoverlappinginterestsbetweenthefieldoflinguisticsandotherdisciplinescreateseveral【T1】
随机试题
洛夫诗歌《长恨歌》中化用的古典诗句是()
以下哪项不是高原病的病因
A.急性子宫内膜炎、子宫肌炎B.急性盆腔结缔组织炎C.急性盆腔腹膜炎D.血栓静脉炎E.脓毒血症产后10日,寒战后发热,左下肢持续疼痛伴水肿,皮肤发白。最可能的诊断是
A,坐位B,半卧位C,仰卧位D,俯卧位E,头低足高位放置三腔管后患者宜取
法的历史类型的划分标准是:
超高层建筑的建筑高度应大于()m。
俄国文学史上第一个“多余人”的形象是()。
读图4,完成下列问题。 我国青海玉树发生大地震,玉树位于图中的____区域。
根据下列资料,回答下列问题。2014年一季度,上海市六个重点发展的工业行业共完成工业总产值5168.47亿元,增长3.6%,增幅低于全市规模以上工业平均水平0.4个百分点。其中,汽车制造业产销两旺,共完成工业总产值1372.12亿元,增长15%。一季度生
防火墙的发展共经历了4个阶段,下列说法错误的是__________。
最新回复
(
0
)