NEW YORK -- President Barack Obama’s auto task force has dispatched a team of 15 people to General Motors Corp. headquarters in Detroit to speed up the turnaround plan announced earlier this month, an administration official said today.
The team is being led by task force staffer Harry Wilson, and includes experts from investment bank Rothschild. The team will spend much of the next two weeks in Detroit.
Obama said two weeks ago that GM was not viable but could become so if it made faster and deeper cuts in its business plan. The administration also ordered the ouster of former GM chairman and chief executive Rick Wagoner.
From Free Press Washington
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