The Wall Street Journal: U.S. does not appear in the post "road king"

The administration of U.S. President Barack Obama has refused the idea to appoint a so-called "road king" (car czar) - man with almost unlimited powers, which would have had to withdraw from the American automotive crisis, writes the newspaper The Wall Street Journal, referring to representatives of the Government.

Instead, the U.S. government will establish an committee to monitor the spending of public funds automakers, led by Finance Minister Timothy Gaytnerom and head of the National Economic Council Lawrence Summers, sends "Finmarket.

Senior consultant of an interdepartmental working group is expected to Ron Bloom, Vice-President of the Union of the U.S. steel industry, previously worked in Investbank.

The period of calm, during which the U.S. automotive industry, with bated breath, waiting for the appointment of "road king", has slowed down the process of preparing plans for the restructuring of the leading automotive companies.

General Motors and Chrysler have to submit these plans to the Government of the United States until February 17 to retain the right to benefit from in the amount of $ 17.4 billion