The Obama autos task force is meeting with General Motors officials now to speed its restructuring process, an administration official was quoted as saying.

“The goal is to accelerate the process that the president laid out [on Monday last week],” the official told Reuters. “They will be in Detroit [until] the end of the week and will be returning next week as well.”

Other sources have said earlier this week the automaker was in “earnest” preparations for a possible bankruptcy.

The White House official told the news agency a group of 15 – including US treasury official Harry Wilson and experts from the Boston Consulting Group and Rothschild – arrived in Detroit on Wednesday to “continue the process of business diligence with GM’s new team”.

A GM spokesman told Reuters the meeting was not unusual. “They’ve been working together with us since the taskforce was created,” Kerry Christopher said. “GM was given 60 days to restructure so a lot of things need to take place over the next two months.”

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Separately, the White House said Ed Montgomery, who is spearheading efforts to help communities suffering from the auto industry’s downturn, would visit Ohio on Thursday to “discuss the president’s support of a strong American auto industry and the president’s auto task force initiative to support and revitalise auto industry workers and communities”, Reuters added.