Ex-auto task force head optimistic about GM IPO

WASHINGTON (AP) — The former head of the Obama administration's auto task force said Monday that investment bankers underwriting General Motors Co.'s expected initial public stock offering are optimistic about the auto company's future as a public company.

Steve Rattner said following a Washington book event that Wall Street firms preparing for the deal "feel pretty good" about the upcoming GM IPO, which is expected to take place sometime in November.

"Something crazy could happen," Rattner said when asked about whether the offering could be derailed. "My sense from the underwriters is they feel pretty good about it."

GM has not yet announced a price range for the …