In a separate article today, The Wall Street Journal said the U.S. autos task force:
Seeks to avoid bankruptcy filings by General Motors and Chrysler LLC.
Will require sacrifice from management, unions and GMs bondholders to ensure viable futures for the companies.
Establish a firm timeline for action.
Is prepared to provide more aid but may dispense it over time as leverage.
Favors an an alliance between Chrysler and Italy's Fiat SpA.
Believes a comprehensive fix wont come immediately.
Is focused on determining when U.S. auto sales will rebound.
The Journal said task force aides include Brian Deese, 31, a former Obama campaign assistant who is "on loan" from the White House's National Economic Council. Other expertise comes from the Energy and Labor departments, along with about 30 accountants and advisers.
Sean McAlinden, chief economist at the Center for Automotive Research in Ann Arbor, Mich., was one of the task force's first tutors, the paper said.