Passage 1
Ford Motor Co., despite losing more than $26 billion over the last two years, still has no intention of asking for government assistance but will instead draw down 10.1 billion in existing credit lines. “It’s a very volatile market,” says Ford Chairman Alan Mulally. “It’s not in our plan at all to access federal funds,” he said even though “business conditions have deteriorated around the world more rapidly than expected.”
Ford reported it lost $5.9 billion, or $2.46 per share, in the fourth quarter of 2007 due to declining domestic demand, restructuring charges and losses at its overseas subsidiaries. For the full year Ford lost $14.6 billion as it revenues shrank by 36 percent. The latest losses, Ford’s already steep mountain of debt—some $26 billion —and the industry’s shaky financial condition are all stirring anxiety among investors, lenders, and potential car buyers. Yet Mulally stresses that Ford is in a better strategic position than its struggling rivals.
GM and Chrysler are expected to present preliminary plans to the Treasury by Feb. 17 demonstrating their viability, and final plans in March, if either of those plans fails to convince the federal government, a bankruptcy filing could follow. Such a huge negative event might prompt Ford to reconsider its position, says Mulally, but otherwise it expects to avoid asking for emergency federal aid.
45.There is not any drawback for GM and Chrysler to ask for Government’s financial support.
A、True
B、False
【正确答案】：B
【名师解析】:根据文章内容，GM和Chrysler被期望向财政部提交初步计划以证明它们的可行性，如果这些计划不能说服联邦政府，可能会面临破产申请。这表明，如果GM和Chrysler的计划失败，它们将面临严重的负面事件，这可能迫使Ford重新考虑其立场。这暗示了向政府请求财政支持存在潜在的不利影响，例如可能的破产风险和对公司声誉的损害。因此，题目中的说法"GM和Chrysler请求政府财政支持没有任何缺点"是错误的。正确答案是B. False。
