The Obama auto task force has three weeks to decide if GM and Chrysler deserve more money. The top auto advisors met with the automakers in Detroit on Monday. The advisors also met with top officials of the United Auto Workers Union and test drove the new Chevy Volt, Gm’s new electric car. March 31, 2009 is the deadline for the Obama administration to make a decision on whether to give GM and Chrysler more funds.
Some lawmakers, mainly Republicans, feel bankruptcy is the only option for GM and Chrysler at this time. However, it is a widely held assumption that the Obama administration is looking for a way to justify giving GM and Chrysler more funds to avoid bankruptcy during these tough economic times.
Thursday, March 12, 2009
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