car czar

9 Stories

Cuomo Files $26M Suit Against Steve Rattner

Ex-auto czar vows to fight it

(Newser) - Talk about timing. On the same day that Steve Rattner got to trumpet GM’s new IPO , Andrew Cuomo filed a trio of lawsuits against the ex-auto czar related to a pay-to-play scandal involving New York’s pension fund. Cuomo’s asking for $26 million in damages, and a lifetime... More »

Bloomberg Hires Rattner to Manage Money

Pariah/ex-car czar is under investigation in pay-to-play case

(Newser) - Steven Rattner doesn't have a ton of friends these days, but Michael Bloomberg is apparently one of them. New York's mayor has hired Rattner to manage his fortune and his philanthropic foundation, sources tell the New York Times , despite the kickback accusations swirling around him. Rattner, who briefly served as... More »

Obama Car Czar to Become Manufacturing Adviser

Prez taps Ron Bloom to tackle factory woes

(Newser) - President Obama's car czar is about to become his manufacturing czar as well, the Detroit News reports. Obama said today he will name auto adviser Ron Bloom, who took over for Steven Ratner in July as head of the auto industry restructuring team, his senior counselor for manufacturing policy, and... More »

Obama's Kitchen Has Too Many Chefs

President's 32 czars an 'end-run' around Congress: Cantor

(Newser) - President Obama has broken his promise to restore the power of Congress “by appointing a virtual army of ‘czars,’” Republican Eric Cantor writes in the Washington Post. The administration now has at least 32 czars—more than Russia ever did—with each spearheading major policy initiatives.... More »

Rattner May Have Quit Over Pay-to-Play Settlement

New York AG targets ex-car czar's company

(Newser) - Washington is dying to know why Steven Rattner quit after just months as President Obama’s car czar. One possible reason: New York Attorney General Andrew Cuomo is pushing for a legal settlement with his company for its part in a pay-to-play scandal surrounding the state’s pension fund, sources... More »

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

Obama taps financier Rattner as lead in GM, Chrysler restructuring

(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... More »

Obama Should Draft Krugman

NYT columnist would do a lot better than Geithner and Summers

(Newser) - Barack Obama’s economic team so far has failed to inspire confidence, writes Steven Stark for the Boston Phoenix. Instead of Geithner and Summer, Obama should pick a new man to lead the charge on the financial crisis: Appoint Paul Krugram, Nobel laureate and economics columnist for the New York ... More »

Obama Swaps Car Czar Plan With Panel

Economic advisers, union mediator will aid decisions: official

(Newser) - The Obama administration has ditched the "car czar" idea, and is divvying up the task of reviving Detroit among a panel of top economic advisers instead, an official tells the New York Times. The Treasury secretary and National Economic Council chair will oversee the presidential panel of experts, many... More »

With Car Czar Delayed, Automakers Spin Wheels

GM and Chrysler find no one behind the wheel of auto restructuring

(Newser) - Amid the federal appointment frenzy, the lack of a "car czar" has received little attention, but the vacancy is holding up automakers trying to meet restructuring deadlines included in their $17.4 billion federal loan, the Wall Street Journal reports. The loans require General Motors and Chrysler to submit... More »

9 Stories