Obama’s Chief Auto Adviser Steps Down

By By DAVID STOUT and MICHAEL J. de la MERCED, The New York Times

WASHINGTON — Steven Rattner is quitting his post as President Obama’s chief adviser on the automobile industry and will be replaced by Ron Bloom, a senior member of the auto advisory group, Treasury Secretary Timothy F. Geithner said on Monday. “With the emergence of both General Motors and Chrysler from bankruptcy, we enter a new phase of the government’s unprecedented and temporary involvement in the automotive industry,” Mr. Geithner said in a statement. “I am very proud of the work done by the Auto Task Force, under the leadership of Steven Rattner and Ron Bloom, to help oversee the efficient, fair and commercial restructuring of two great American companies.”

Click here to read the entire article...

See more stories tagged with: Ron Bloom , bailout , auto industry , chrysler , general motors , Steven Rattner