Wednesday, March 11, 2009

Auto Task Force Met With Fiat SpA Chief Executive about Chrysler Deal

Reported from Bloomberg.Com

Bloomberg-- U.S. Treasury advisers Ron Bloom and Steven Rattner spent most of a 2.5 hour meeting with Fiat SpA Chief Executive Officer Sergio Marchionne talking about his plan to take a 35 percent stake in Chrysler, a person briefed on the meeting said.

Members of Barack Obama’s auto task force are meeting with automakers, suppliers, debtholders, labor leaders and other stakeholders to determine whether they should give additional aid from the Troubled Asset Relief Program to help the industry. GM, Chrysler and their finance companies have already been granted $24.9 billion in TARP loans and are seeking as much as $21.6 billion more.

To contact the reporter on this story: Jeff Green in Detroit at

Auto Task Force-Blog

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