Earlier this morning, Chrysler Group LLC announced that it will repay U.S. government loans by the end of the second quarter. The announcement came right before U.S. Treasury Secretary Timothy Geithner visit to Detroit where he toured Chrysler’s Jefferson North Assembly Plant with CEO Sergio Marchionne. Talking to the Detroit Economic Club, Geithner said that [...]
According to a press release by New York law firm Willkie Farr & Gallagher LLP, President Obama’s auto task force has hired bankruptcy lawyer Matthew Feldman to advise it on its options. The firm said that Feldman will be responsible for advising the U.S. Treasury Secretary Timothy Geithner and the National Economic Council Lawrence Summers on “reorganization [...]
Chrysler’s main executives will be meeting with the Obama auto task force today. CEO Bob Nardelli, vice chairman Tom LaSorda and CFO Ron Kolka will all be meeting with the members of the U.S. Treasury Department’s auto team and the White House National Economic Council. No word on whether Jim Press will also attend. The [...]
What does Obama’s auto team drive? According to the Detroit News vehicles owned by the auto task force could affect the decisions made by those responsible for what the American auto industry’s future will be. Out of the eight members of the Presidential Task Force and the ten senior policy members that will aid them [...]
