Obama's Car Czar Steps Down

By Will McCahill,  Newser Staff

Posted Jul 13, 2009 7:47 PM CDT

(Newser) – The man tabbed by President Obama to see General Motors and Chrysler through bankruptcy is leaving the post, the New York Times reports. Though Steven Rattner’s former investment firm is under investigation, it’s unclear if that affected his decision. Treasury Secretary Tim Geithner said today that, with both auto giants emerging from bankruptcy, Rattner is leaving to spend more time with family. He’ll be replaced by Ron Bloom, a top member of the advisory group.

Members of President Obama's auto task force, including task force leader Steve Rattner, right, leave a news conference about Chrysler's bankruptcy at the White House, April 30, 2009.
Members of President Obama's auto task force, including task force leader Steve Rattner, right, leave a news conference about Chrysler's bankruptcy at the White House, April 30, 2009.   (Getty Images)
Ron Bloom, senior adviser on the auto industry at the Treasury Department, will take over from Rattner.
Ron Bloom, senior adviser on the auto industry at the Treasury Department, will take over from Rattner.   (AP Photo)
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