In remarks reported by The Detroit Free Press, President Barak Obama said he retains his commitment to give American carmakers "serious help" in coming months, but only if he is shown viable ways in which the industry will be transformed.

Interviewed by a group of regional reporters on Wednesday, February 11, Obama indicated that if automakers respond realistically, the companies will receive greater assistance. If they do not, however, "We're going to have to ask them to go back to the drawing board."

Next Tuesday, February 17, General Motors and Chrysler will deliver plans to the government that illustrate their long-term plans and justify the $17.4 billion in aid they have already received. Offering a caution to the two corporations, Obama said, "Get me a plan that works."

Obama reiterated his belief that bankruptcy for either GM or Chrysler, particularly the disorganized filing of such a move, would have disastrous consequences for the American economy at large, but he did not discount the prospect of a managed bankruptcy.

Clearly the administration plans to hold the companies to account for past business practices now seen as ill-conceived and executed. Obama said the key to the delivery of successful long-term plans was recognition of the new realities of the automotive world, including embracing realistic sales figures and capacity.