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Report: Government Expects to Lose $30 Billion on Auto Bailout

Auto Finance News

The data is in, and the outlook is dreary.

The Obama administration is scheduled to tell Congress tomorrow that it expects to lose $30 billion of the $82 billion it invested in General Motors and Chrysler as part of a plan to salvage the auto industry.

To read the complete article in The Detroit News, click here.

I anxiously await your comments.

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