White House economic advisor Summers: Sees improvement in prospect of automakers faster-than-anticipated- exit from government role and return of bailout money
- Employment in U.S. auto industry has stabilised
- Progress by automakers over past year is bright spot on road to economic recovery
- Auto industry and economy still have long way to go to repair damage from recession, return to full health
- Federal government investment in GM, Chrysler and GMAC are likely to result in “some loss” but less than forecast last year
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