U.S. Treasury Secretary Timothy Geithner and White House economic advisor Lawrence Summers Friday morning are slated to hold their first meeting of the Presidential Task Force on the Auto Industry.

At the meeting the two officials are expected to officially begin considering recovery plans put forth by General Motors Corp. (GM) and Chrysler LLC. Both auto firms have requested billions of dollars in additional aid.

Upon receiving the restructuring reports from GM and Chrysler earlier this week, Geithner noted in a statement that the task force would meet "to analyze the companies' plans and to solicit the full range of input from across the administration on the restructuring necessary for these companies to achieve viability."

The meeting, which will be held at the Treasury Department, will be closed to the press.

-By Maya Jackson Randall, Dow Jones Newswires; 202-862-9255, maya.jackson-randall@dowjones.com