US autos task force to motor on, monitor stakes

Newswire

By David Lawder WASHINGTON, May 31 (Reuters) - Even if General Motors Corp and Chrysler LLC emerge swiftly from bankruptcy this summer, the Obama administration's autos task force will stay in business -- shifting to an investment manager role. Senior administration officials said on Sunday there was plenty to keep the task force staff busy, monitoring the government's stake of about 60 percent of GM, and an eight percent stake in Chrysler. "Moving through this bankruptcy where the ...

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