Financial Services Committee Hearing on Auto Industry Stabilization Plans

On November 21st, Speaker Pelosi and Leader Reid sent a letter to the Big Three U.S. auto executives calling on them to “submit a credible restructuring plan that results in a viable industry, with quality jobs, and economic opportunity for the 21st century while protecting taxpayer investments." Today, the House Financial Services Committee is holding a hearing to review the auto industry plans submitted to Congress earlier this week.

Read the plans:

Auto Industry Stabilization Plan: Chrysler Submission

Auto Industry Stabilization Plan: GM Submission

Auto Industry Stabilization Plan: Ford Submission

Watch Chairman Frank's opening statement:

Watch the live web cast>>

Read prepared testimony:

Panel 1

Mr. G. Richard Wagoner, Jr., Chairman and Chief Executive Officer, General Motors Corporation

Mr. Robert Nardelli, Chief Executive Officer, Chrysler, LLC.

Mr. Alan Mulally, President and Chief Executive Officer, Ford Motor Company

Mr. Ron Gettelfinger, President, United Auto Workers

Panel 2

The Honorable Gene Dodaro, Acting Comptroller General, U.S. Government Accountability Office

The Honorable Felix G. Rohatyn, FGR Associates, LLC

Professor Edward Altman, Leonard N. Stern School of Business, New York University

Mr. David Friedman, Research Director, Clean Vehicles Program,
Union of Concerned Scientists

Professor Jeffrey D. Sachs, Director, The Earth Institute; Quetelet Professor of Sustainable Development and Professor of Health Policy and Management, Columbia University