On February 15, 2009, the White House announced that President Obama will not appoint a car czar. Instead, Obama will create a task force to oversee the restructuring of the industry. The task force will be led by Secretary of the Treasury Timothy Geithner and National Economic Council Director Lawrence Summers.The Washington Post: White House Won't Appoint a 'Car Czar' (February 16, 2009)

1. Speaker of the House Nancy Pelosi suggested Paul Volcker as a "car czar"Bloomberg.com: Pelosi Suggests Volcker as Possible ‘Car Czar’ Pick (December 9, 2008)
2. The Bush Administration supported the establishment of a "car czar" positionThe Washington Post: White House Won't Appoint a 'Car Czar' (February 16, 2009)
3. President Barack Obama will not name a car czar, a senior government official has saidThe Washington Post: White House Won't Appoint a 'Car Czar' (February 16, 2009)
4. Obama is instead creating a task force to oversee the restructuring of the auto industryThe Washington Post: White House Won't Appoint a 'Car Czar' (February 16, 2009)
5. Task force will be lead by Timothy GeithnerThe Washington Post: White House Won't Appoint a 'Car Czar' (February 16, 2009)
6. Lawrence Summers, director of President Obama's National Economic Council, will also play a major roleCNN: Panel to advise Obama on carmakers (February 16, 2009)
7. Auto makers required to submit viability plans for their companies on February 17, 2009The Washington Post: White House Won't Appoint a 'Car Czar' (February 16, 2009)
8. Obama decided to create a task force because he feels the issue is too complex for a "car czar" onlyCBS 13: President Barack Obama To Create Auto Industry (February 16, 2009)

1. $15-$17 billion deal agreed upon December 5, 2008Reuters: White House, Democrats reach deal on $15 billion auto aid (December 5, 2008)
2. $34 billion was originally requested by the automakersReuters: White House, Democrats reach deal on $15 billion auto aid (December 5, 2008)
3. Participants in the bailout include: General Motors and Chrysler