The White House is ramping up pressure on Chrysler LLC to reach crucial agreements with key stakeholders with just eight days left before the government's deadline for the automaker to secure deals or face bankruptcy and possibly liquidation.
The Obama administration's auto task force has been meeting separately this week with officials from Chrysler, its potential Italian partner Fiat SpA, Chrysler minority owner Daimler AG, and the United Auto Workers to pressure them to accept tough concessions and work out other terms that could pave the way to a new Chrysler.
The talks have included Chrysler CEO Robert Nardelli, UAW President Ron Gettelfinger and Fiat CEO Sergio Marchionne, as well as Ron Bloom, a Treasury Department adviser on autos who also works with the United Steelworkers and has been involved in numerous negotiations.
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