Ford and MIT Team Up To Improve Safety by Reducing Driver Stress
–(www.FinancialNewsUSA.com)– 01/03/2010 – Auto Manufacturers industry news provided by Financial News USA. Ford and the Massachusetts Institute of Technology (MIT) announce advanced research project that explores automotive technology solutions to reduce driver stress Ford and MIT to study how reducing driver stress can aid overall human wellnessLincoln MKS to serve as test vehicle in ongoing commitment to providing cutting-edge safety and security features that could aid in reducing stress behind the wheel
As Americans fight through the most stressful time of the year, Ford Motor Company (NYSE: F) and the Massachusetts Institute of Technology (MIT) are embarking on a plan to study driver workload and identify new opportunities to use in-vehicle technologies to improve driver safety by lowering stress.
While holiday shoppers recover from fighting long lines, crowded parking lots and icy roads, Ford and MIT researchers are focusing on how the car can potentially enhance overall human wellness, become an oasis from stressful situations, and increase driver attention and safety. [Read the full article]
Confirming reports earlier today in The Wall Street Journal and the Financial Times, auto- and real estate financier GMAC LLC this afternoon confirmed the government has given the company $3.8 billion in additional financing. The investment will be maid by the U.S. Treasury in the form of $2.54 billion in trust preferred securities in GMAC, with an 8% coupon, and $1.25 billion of 9% coupon mandatorily convertible preferred stock. As a result of the transaction, the Government’s stake in GMAC rises to 56.3% from 35.4% before the deal. Other holders such as hedge fund Cerberus, have seen their stakes diluted, down to 14.9% in Cerberus’s case. The cash infusion will help strengthen GMAC’s capital base, it said, minimize further adverse effects of ResCap, its residential finance unit, and also position the company to “explore strategic alternatives” for ResCap. GMAC used funds to inject $2.7 billion into ResCap. [Read the full article] About Financial News USA
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