Auto Task Force Convenes
The Presidential Task Force on the Auto Industry is scheduled to kick off this morning, with a meeting between U.S. Treasury Secretary Timothy Geithner and National Economic Council Director Lawrence Summers, the Wall Street Journal reported today.
The pair will start to review the viability plans submitted by Chrysler and GM on Tuesday.
Earlier this week, Geithner said the task force would meet “to analyze the companies’ plans and to solicit the full range of input from across the administration on the restructuring necessary for these companies to achieve viability.”
The task force — a panel comprised of senior officials from Cabinet agencies and offices like transportation, labor, energy, and commerce — replaced the “car czar” concept, which called for a single individual to oversee the auto industry’s restructuring.
Today’s meeting is closed to the press.
