Monday, March 9, 2009

Metro Detroiters to Obama's auto task force: We're in a crisis



Looks like they can chew gum and walk at the same time.

WASHINGTON -- The top advisers for President Barack Obama's auto task force will have a chance today to literally kick the tires on Detroit's struggling automakers before deciding how much federal aid they're worth.

The visit, spurred by invitations from the automakers, will cap two weeks of intensive research by the presidential task force into all aspects of the U.S. auto industry as it suffers the worst slump in four decades. After today's trip, the Obama administration has only days to address warnings from General Motors Corp. and Chrysler LLC of imminent bankruptcy and collapse without at least $7 billion in aid by the end of the month -- $5 billion for Chrysler and $2 billion for GM.

The advisers -- Steven Rattner, the lead adviser on the team; Ron Bloom; Diana Farrell, and Brian Deese -- have three meetings on their itinerary today.

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