In today's White House blog post, President Obama explains that these restructuring decisions are a response to his Auto Task Force's completed evaluation of the viability of General Motors and Chrysler. You can find a list of the members of this Task Force on the Treasury Department's website.
For specifics on the restructuring of GM and Chrysler, see these government documents:
- Obama Administration New Path to Viability for GM & Chrysler
- Warrantee Commitment Program: covers warranties on new vehicles purchased from GM and Chrysler
- GM Viability Assessment
- Chrysler Viability Assessment