News release: “The U.S. Department of the Treasury today released the following statement from Secretary Tim Geithner upon receipt of restructuring reports from Chrysler LLC and General Motors Corporation. The reports were required under the terms of the loans made available to these companies in December to assist the domestic auto industry in becoming financially viable…National Economic Council Director Summers and I [Geithner] will be convening the President’s Task Force on Autos {WaPo: “The task force includes full-time personnel based at the Treasury and the National Economic Council. Administration officials said the NEC group will be headed by Diana Ferrell, who previously worked for McKinsey & Co. and Goldman Sachs before joining the administration. Like Bloom, she holds a business degree from Harvard] later this week to analyze the companies’ plans and to solicit the full range of input from across the Administration on the restructuring necessary for these companies to achieve viability.”