Geithner,Summers To Hold 1st Task Force Mtg On Auto Indus Friday
21 February 2009 - 2:12AM
Dow Jones News
U.S. Treasury Secretary Timothy Geithner and White House
economic advisor Lawrence Summers Friday morning are slated to hold
their first meeting of the Presidential Task Force on the Auto
Industry.
At the meeting the two officials are expected to officially
begin considering recovery plans put forth by General Motors Corp.
(GM) and Chrysler LLC. Both auto firms have requested billions of
dollars in additional aid.
Upon receiving the restructuring reports from GM and Chrysler
earlier this week, Geithner noted in a statement that 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 meeting, which will be held at the Treasury Department, will
be closed to the press.
-By Maya Jackson Randall, Dow Jones Newswires; 202-862-9255,
maya.jackson-randall@dowjones.com