WRAPUP 7-Obama's tough auto medicine may include bankruptcy

Newswire

* Obama says will not let auto industry vanish * Task force member says no "bad asset" decision yet * Chrysler, Fiat in framework agreement on alliance * New GM CEO says will consider bankruptcy, if necessary * Broad fall in U.S. stocks on auto woes (Adds task force member Bernstein, warranty backing, analyst comment, paragraphs 7-9 and 13-14; updates shares) By Kevin Krolicki and John Crawley WASHINGTON, March 30 (Reuters) - President Barack Obama ordered General Motors Corp and ...

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