Car Czar Calls it Quits

Remember Steve Rattner? The guy who was going to save us all?

Well he has quit his job as Car Czar, helping oversee the bailout/bankruptcy of The Big Three, after only five months.

Car Czar, Car Czar, Car Czar, fun to say, isn't it?

Car Czar, Car Czar, Car Czar, fun to say, isn't it?

“With GM’s restructuring complete, Steven Rattner, whose leadership and vision were invaluable to the auto task force’s efforts, has decided to transition back to private life and his family in New York City,” Treasury Secretary Timothy Geithner said (via Detroit News).

The former Wall Street financier worth $188 million will be succeeded by Ron Bloom, a former adviser for the United Steelworkers.

So. They replaced the Wall Street guy with the union guy after the companies emerge from bankruptcy?

Just remember, people of Detroit, they’re putting you first, not the special interests.

-AS

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Filed under Featured, U.S. Auto Industry

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