Chrysler: Strike a deal with Fiat in 30 days, likely get $6 billion. If not, probably no more money for them. Viability assessment here (pdf).
GM: Will be given “adequate working capital” for 60 days while they come up with a new restructuring plan. Viability assessment here (pdf).
Fact sheet on the plan here (pdf).
Plus: Obama administration also announces program to guarantee warranties for new car purchasers. Details here (pdf).