The Obama administration said today it expects to lose less than $16 billion on its bailout of U.S. automakers and auto finance companies.

Of the $80 billion invested in General Motors Co., Chrysler Group LLC, Ally Financial Inc. and Chrysler Financial, $40 billion has been recovered.

"While the government does not anticipate recovering all of the funds that it invested in the industry, the Treasury's loss estimates have consistently improved - from more than 60 percent in 2009 to less than 20 percent today," the White House said in a report released today.

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Feds Says They Will

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