Driving Detroit's recovery
How automakers will fare under an oversight committee instead of a "car czar"
"Uncle Sam's role in reshaping Detroit's auto industry just got a bit clearer, said Brian Wingfield and Joann Muller in Forbes. There will be no "car czar" to evaluate the restructuring plans being submitted by General Motors, Ford, and Chrysler; a Presidential Task Force on Autos will do the job instead. "Whether that's a good thing depends completely on the follow-through."
Using a "team of generals" instead of a czar, said John Crawley in Reuters, will give President Obama and his team more flexibility in steering Detroit onto the road to recovery with the help of the $17 billion bailout approved in December. That could mean one or more of the automakers could be headed into bankruptcy—a possibility Treasury Secretary Timothy Geithner—who will oversee the review—has mentioned as a possibility.
Skeptics say bankruptcy may be inevitable now, said James R. Healey in USA Today, because a committee will never be able to "make the quick decisions Detroit needs to stay afloat, and can avoid politics and interagency turf wars." Some auto executives weren't crazy about the idea of a powerful individual meddling in their affairs, but even they admitted that a "single, decisive" micromanager might have been their best shot at a turnaround.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
June 22 editorial cartoons
Cartoons Sunday’s political cartoons include a SpaceX flight, Bibi pulling Donald Trump toward war, and an ICE agent looking like a bank robber
-
5 bunker-busting cartoons about the Israel-Iran war
Cartoons Political cartoonists take on Iran waiting for Pete Hegseth to leak war plans and Donald Trump's wish for a Nobel prize
-
Malaysia's delicious food and glorious beaches
The Week Recommends From 'colourful' George Town to the 'jungled interior' of Langkawi, Malaysia is incredibly diverse