Would-Be 'Car Czar' to Head Auto Task Force

Obama taps financier Rattner as lead in GM, Chrysler restructuring
By Rob Quinn,  Newser Staff
Posted Feb 24, 2009 7:58 AM CST
Steven Rattner, seen here in a 2006 file photo, is joining the Treasury as a special adviser on the auto industry.   (Getty Images)
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(Newser) – Steven Rattner has been named chief adviser to the panel tasked with restructuring GM and Chrysler, Reuters reports. The financier was considered the frontrunner to be "car czar" before President Obama opted for a panel rather than a single chief. Rattner, who will leave the private equity firm he co-founded to take the position, is still expected to play a central role but without direct oversight.
(Read more auto industry stories.)