Financial Services Committee Hearing on Auto Industry Stabilization Plans
December 5th, 2008 by KarinaOn November 21st, Speaker Pelosi and Leader Reid sent a letter to the Big Three U.S. auto executives calling on them to “submit a credible restructuring plan that results in a viable industry, with quality jobs, and economic opportunity for the 21st century while protecting taxpayer investments." Today, the House Financial Services Committee is holding a hearing to review the auto industry plans submitted to Congress earlier this week.
Read the plans:
Auto Industry Stabilization Plan: Chrysler Submission
Watch Chairman Frank’s opening statement:
Read prepared testimony:
Panel 1
Mr. G. Richard Wagoner, Jr., Chairman and Chief Executive Officer, General Motors Corporation
Mr. Robert Nardelli, Chief Executive Officer, Chrysler, LLC.
Mr. Alan Mulally, President and Chief Executive Officer, Ford Motor Company
Mr. Ron Gettelfinger, President, United Auto Workers
Panel 2
The Honorable Gene Dodaro, Acting Comptroller General, U.S. Government Accountability Office
The Honorable Felix G. Rohatyn, FGR Associates, LLC
Professor Edward Altman, Leonard N. Stern School of Business, New York University
Mr. David Friedman, Research Director, Clean Vehicles Program,
Union of Concerned ScientistsProfessor Jeffrey D. Sachs, Director, The Earth Institute; Quetelet Professor of Sustainable Development and Professor of Health Policy and Management, Columbia University