In a whirlwind visit to Detroit on Thursday, U.S. Treasury Secretary Timothy Geithner declared the rescue of Chrysler and General Motors a jobs-saving triumph for the city and the country, while acknowledging that not all taxpayer money spent on the auto bailouts will be recovered.
"We're going to lose money in the auto industry on net," Geithner said after a speech to the Detroit Economic Club, "but we did this because of the jobs we were going to save, not to maximize return. We're not a private investor. Our job is to protect the country."
2011 New York Auto Show Photo Gallery
New York Auto Show Preview Photo Gallery
2012 Audi A7 USA Model Photo Gallery
Lexus LF-Gh Concept Photo Gallery
2012 Audi Q3 Photo Gallery
Read Article