Ron Bloom, a senior adviser to the Obama administration’s auto task force, said that the group had no plans to pump more money into General Motors and Chrysler and that the public had a “reasonable probability” of getting their money back.
Bloom faced numerous questions by the Senate Banking, Housing and Urban Affairs Committee about the roughly $80 billion in federal aid given to the automotive industry . He said the Obama administration’s had given the two automakers “a chance to become viable, competitive businesses with bright futures.”
“We strongly believe this is the last money that...
Read Article