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Document Type

Lessons Learned

Abstract

Sadiq Malik was a member of the Obama administration’s Task Force on the Auto Industry, which was established in 2009 and charged with providing aid to Chrysler and General Motors, and later to other entities, to avoid their disorderly failure and the loss of a million or more jobs. The Auto Task Force worked intensively throughout 2009 to swiftly negotiate with the corporate leadership, unions, investors, and other stakeholders of the two manufacturers, to design an orderly restructuring that would put the companies on a path to stability. Malik, working for the Auto Task Force, helped take General Motors through the largest industrial bankruptcy reorganization in US history. He also helped Steven Rattner, head of the Task Force, chronicle the team’s work in Rattner’s book, Overhaul: An Insider’s Account of the Obama Administration’s Emergency Rescue of the Auto Industry. This “Lessons Learned” summary is based on an interview with Mr. Malik.

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