Feds have high hopes for automakers’ reorganization plans

Published



The White House on Tuesday remained hopeful that reorganization plans from two Detroit automakers would help save the industry — but declined to rule out bankruptcy if they don’t.

“I wouldn’t close the door” on bankruptcy, White House spokesman Robert Gibbs said.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.