Goal of US autos task force not bankruptcy-senator

Newswire

WASHINGTON, Feb 24 (Reuters) - An Obama administration task force is carefully analyzing restructuring plans of General Motors Corp and Chrysler LLC [CBS.UL], but bankruptcy is not the panel's goal, a U.S. senator said on Tuesday. Democrat Carl Levin of Michigan met with task force members this week on the turnaround plans submitted by GM and Chrysler that include a request for $22 billion more in bailout money. Levin told reporters that the task force, led by White House and Treasury ...

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