Auto Czar: GM and Chrysler Posted Solid Years

DETROIT (AP) — Former U.S. auto task force head Steven Rattner says General Motors and Chrysler have performed better than he expected they would a year ago. He says both companies have exceeded the federal government's metrics in sales and restructuring. He made his remarks before speaking Monday to a conference on the auto industry at the Detroit branch of the Federal Reserve.

DETROIT (AP) — Former U.S. auto task force head Steven Rattner says General Motors and Chrysler have performed better than he expected they would a year ago.

He says both companies have exceeded the federal government's metrics in sales and restructuring.

He made his remarks before speaking Monday to a conference on the auto industry at the Detroit branch of the Federal Reserve.

Both GM and Chrysler received billions in federal aid and went through bankruptcy protection last year.

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