Obama to Outline Plan for Auto Industry Monday

President will discuss required conditions for further government aid
By Nick McMaster,  Newser Staff
Posted Mar 27, 2009 3:53 PM CDT
Obama to Outline Plan for Auto Industry Monday
Chevrolet Malibu and Pontiac G6's are shown at the General Motors Orion Assembly plant in Orion Township, Mich., Friday, Dec. 12, 2008.   (AP Photo/Paul Sancya)

(Newser) – President Obama is nearing a decision on whether to give automakers more bailout money and will lay out his plan for the future of the industry Monday, the Detroit News reports. The president “will outline what he thinks is the best way forward," spokesman Robert Gibbs said, including the nature and conditions of any additional aid. Members of Obama’s auto advisory team met with GM CEO Rick Wagoner today, following a get-together with Chrysler's CEO earlier this week.
(Read more General Motors stories.)

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