John's Journal: John McElroy's multimedia blog about the automotive industry

Big 3 Submit Restructuring Plans To Congress

December 3rd, 2008 at 12:00pm

Last month the CEOs from GM, Ford and Chrysler went to Congress to ask for a bridge loan to help get through the industry downturn. Members of Congress grilled the CEOs over traveling to Washington in private jets and poor management among other things. Congress then asked the CEOs to come back to Washington and submit restructuring plans to convince Congress to give them the bailout money. Click below to see the plans submitted by GM, Ford and Chrysler on December 2, 2008.

GM Turnaround Plan (DOC Format)

Chrysler Turnaround Plan (PDF Format)

Ford Turnaround Plan (PDF Format)

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2 Comments to “Big 3 Submit Restructuring Plans To Congress”

  1. Episode 35 - Car Sales Hit 10 Million SAAR, Big 3 Now Need $34B, Kia Considers A-Class Car - Autoline Daily Says:
    December 3rd, 2008 at 12:01 pm

    [...] to be posting links or copies of all the plans on our website later today. You can find it in the John’s Journal section of our website at [...]

  2. Episode 36 - Honda Insight at NAIAS, Big 3 Bailout Problems, Audi’s New Steering System - Autoline Daily Says:
    December 4th, 2008 at 12:00 pm

    [...] before anyone panics let’s remember, that neither Congress nor the American people have heard the plans that GM, Ford and Chrysler are going to put forward today in Washington. Those plans lay out their restructuring plans in [...]

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