The Obama administration task force overseeing auto industry restructuring turned its attention to Chrysler on Wednesday, which is seeking up to US$5bn in new bailout funds.
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A person familiar with the matter told Reuters the panel, headed by White House and treasury officials, met with Chrysler chief executive Robert Nardelli to discuss the company’s turnaround plan.
Nardelli reportedly was joined by Chrysler president and manufacturing chief Tom LaSorda and chief financial officer Ron Kolka.
General Motors CEO Rick Wagoner is expected to meet with members of the task force on Thursday, according to another source, as the company reveals expected poor Q4 results, and Ford purchasing chief Tony Brown also met with the task force earlier this week.
According to Reuters, that meeting came as the US auto supply industry presses its case for up to US$18.5bn in emergency aid to head off a wave of possible bankruptcies because of sharply reduced auto production.
Separately, federal reserve chairman Ben Bernanke sought to reassure lawmakers on Wednesday that a Treasury financing programme expected to take effect soon should help dealers having trouble financing vehicles they sell to consumers.
