Obama’s Tough Love Plan for GM, Chrysler

March 30, 2009 at 7:47 am | Posted in Barack Obama, Economy | Leave a comment
Tags: , , , ,
  • Neither auto company deemed viable for bailout $
  • O admin demands GM GEO resigns, gets “working capital” for 60 days during restructing period
  • Chrysler gets $6 bn if it reaches deal with Fiat within 30 days
  • O to deliver remarks on plan at 11:30 a.m. EST

The Plan: Obama Administration’s New Warrantee Commitment Program
Fact Sheet: GM, Chrysler
Viability Assessment: Chrysler
Viability Assessment: GM

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