Byline: Jamie LaReau
President Barack Obama's auto task force says General Motors will be hard-pressed to meet its projections in five key areas without a dramatic restructuring.
In response to the viability plan GM submitted Feb. 17, the task force demanded that GM intensify its restructuring over the next 60 days or face possible bankruptcy.
In a statement released last week, the task force criticized GM's assumptions in five areas: Market share, price, brands and dealers, product mix and legacy liabilities.
The task force did not dispute that GM is in the early stages of a turnaround, saying it has made "material progress in a number of areas including purchasing, product design, manufacturing, brand rationalization and its dealer …
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