The former head of the Obama administration's auto task force says he's optimistic about General Motors' expected initial public stock offering.
Steve Rattner said at a Washington book event Monday that investment bankers underwriting the deal "feel pretty good" about the upcoming IPO. He says there have been some questions about the company's long-term relationship with the United Auto Workers union but Wall Street is positive about the company going public.
GM has not officially announced a date or price for the IPO, but it has been expected for November.
Rattner has been promoting "Overhaul," his first-person account of the Obama administration's rescue of General Motors, Chrysler and the U.S. auto industry.