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.