Specter to Host Roundtable on Auto Aid Package

Execs from the Big Three, auto dealers, manufacturers, labor and financial representatives to discuss pending federal legislation

EVENT: Senator Arlen Specter will host a roundtable with industry stakeholders regarding the auto aid package

DATE/TIME: 2:00 pm on Tuesday, December 2, 2008
Media Avail @ approx 3pm following closed meeting

NOTE: Photographers will have limited access to meeting

LOCATION: 1500 Market Street – 35th floor lobby
Philadelphia, PA 19102

U.S. Senator Arlen Specter will host a roundtable with stakeholders from all areas of the auto industry to discuss pending federal legislation to aid General Motors, Ford and Chrysler. Following the meeting, Senator Specter will hold a press conference.

Roundtable participants will include industry executives from the Big Three and their auto finance companies, auto dealers, auto part suppliers, labor representatives and industry experts, including:

• Jim Press; Vice Chairman and President, Chrysler LLC
• Neil M. Schloss; Vice President and Treasurer, Ford Motor Company
• Keith Cole; Government Affairs, General Motors
• Wilbur Ross, Jr.; Chairman/CEO, WL Ross & Co LLC
• Anthony Forte, Sr.; Director, PA United Auto Workers Community Action Program
• William George; 2009 President, PA AFL-CIO
• Fred S. Savage; President, PA Auto Association
• David Kelleher; President, David Auto Group
• Gene Barr; Vice President, Pennsylvania Chamber
• Thomas Gilman; President/CEO, Chrysler Financial Services
• Alvaro de Molina; CEO, GMAC Financial Services
• John Noone; President, Ford Motor Credit Company
• Bill Stone; First VP, Federal Reserve Bank of Philadelphia
• Brian Johnson; Auto Analyst, Barclays Capital


Congress is scheduled to reconvene on December 8 to consider assistance to the automakers; the Big Three are required to submit a detailed plan to achieve long-term viability on December 2.

Senator Specter has announced his willingness to consider legislation to provide economic aid to the auto industry upon presentation of the hard facts of the Big Three’s current situations and a fact-based, evidentiary proposal which would provide a realistic basis for GM, Ford and Chrysler to remain viable.