No more cash for carmakers - Obama taskforce

President Barack Obama’s auto taskforce has told sceptical US politicians that the government had no plans to pump more money into carmakers General Motors and Chrysler, and said the public had a “reasonable probability” of getting its money back.

No more cash for carmakers - Obama taskforce

President Barack Obama’s auto taskforce has told sceptical US politicians that the government had no plans to pump more money into carmakers General Motors and Chrysler, and said the public had a “reasonable probability” of getting its money back.

Ron Bloom, a senior adviser to the taskforce, faced numerous questions about the €80bn (€57bn) aid to the car companies, their lending affiliates and suppliers.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited