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steven rattner

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    Read This: Architect of GM's bankruptcy plan reveals how company was saved
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    Some things are never as they seem. That's especially true when talking about the bankruptcy of General Motors. From afar, it's easy to look at GM's issue being one of decades of mismanagement, poorly built cars, and a certain, too-big-to-fail mindset. But closer to the situation, as the ...

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    Report: Detroit pins hopes to bankruptcy as Motor City sags
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    Detroit. The Motor City. Motown. Hitsville, USA. Hockeytown. The largest municipality ever to file for bankruptcy in US history. You can add that last one to Detroit's many titles, as Republican Governor Rick Snyder authorized emergency manager Kevyn Orr to file a petition for bankruptcy ...

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    Report: House votes to end car czar's tenure
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    The czars – all of them – are dead in the House of Representatives. Even though every "czar" position in government had already been vacated, the House passed a spending bill that officially eliminated the role and forbids the White House from naming more. In some cases, automotive ...

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    Report: Ex-car czar Rattner says Auto Task Force should have pushed for more cuts
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    The government's Auto Task Force was given the difficult task of saving General Motors and Chrysler at a time when the credit markets were frozen and the economy was in chaos. The team ultimately got the job done by ushering the two iconic companies through extraordinarily short ...

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    Report: Former car czar Rattner impressed by quick Detroit 3 turnaround
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    Steven Rattner, who headed up the Obama Administration's Auto Task Force during the quick-rinse bankruptcies of Chrysler and General Motors, is more pleased with the success of the auto bailouts than he ever thought he would be. "Overhaul," Rattner's controversial memoir of his time heading up ...

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    Report: Judge tosses out suit by Delphi pensioners against Treasury
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    The Detroit News is reporting that a federal judge has thrown out a portion of the lawsuit brought against the federal government by Delphi retirees. The former employees of the automotive supplier brought suit against the federal government after their pensions were terminated in bankruptcy ...

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    Report: Ex car czar Bloom asked by Congress to clarify statements made under oath
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    Ron Bloom, the former car czar under President Barack Obama, is being asked to clarify some of the statements he made under oath to the United States Congress last month. Three members of the Congressional oversight committee are specifically interested in the Bloom's denial that he remarked "I ...

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    Submit your questions for Autoblog Podcast #215
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    Click above to subscribe to The Autoblog Podcast in iTunes
    We're recording Episode #215 of the Autoblog Podcast tonight, and we've put some topics below. Drop us your own feedback and questions or vote on your fellow readers' submissions to help determine what we discuss this evening. You can ...

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    Car Gifts for Christmas: Stuff For Under the Tree
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    'Tis the season once again. We were scratching our heads wondering what to get the car-obsessed men and women in our lives, so we made some lists. This first list contains ideas for stuff that goes under the tree, the kind of car gifts that don't cost an arm and a leg but go over well with the ...

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    Former Car Czar Rattner settles with SEC, sued by Cuomo
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    Former White House Auto Industry Task Force member Steven Rattner is being sued by New York State Attorney General and Governor-elect Andrew Cuomo for allegedly paying kickbacks to win investments in the state's pension fund. Cuomo is seeking $26 million from Rattner, and to bar him from trading ...

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    GM raises stock prices and increases size ahead of IPO
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    If you've been squirreling away your pennies in anticipation of General Motors' IPO, we've got news for you. The company released a statement this morning announcing that it has increased its stock price from $26 to $29 per share to $32 to $33 per share. Additionally, General Motors is now planning ...

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    Followup: Ex-car czar Rattner to speak in Detroit after all?
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    Let's try this again. After having his invitation to speak at the Detroit Economic Club rescinded last month, Steven Rattner, the former auto advisor to the Obama Administration, will get another chance to speak to Detroit. The Automotive Press Association is now hosting a lunch where Rattner ...

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    Rattner: GM and Chrysler will be "gushing profits"
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    General Motors and Chrysler LLC will lead automakers to "gushing profits" when annual U.S. sales reach 15 million vehicles, said Steven Rattner, the former head of the federal government's auto task force, on Bloomberg TV last Friday. "This industry has been restructured to make money," Rattner ...

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    Report: Ex-car czar Rattner nears SEC settlement
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    According to Reuters, the Securities and Exchange Commission is set to settle with the former head of the Obama Administration's auto task force, Steven Rattner. Earlier this year, the SEC charged Rattner with participating in a pay-to-play pension program, but the commission is expected to ...

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    Report: Nardelli almost sold Chrysler to U.S. for $1
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    Even more terrifying tales of the automotive bailout are emerging from Steven Rattner's new book. CNN Money reports that, according to the text, Chrysler had an even rougher go of things than General Motors. Rattner, who served as the head of the automotive task force, writes that after congress ...

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    Report: Rattner bio reveals Obama Administration wanted Ghosn to run GM
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    Steven Rattner, former automotive adviser to President Barack Obama, has just written a juicy account of last year's automotive bailout, complete with insights on the coming and goings of CEOs, courting foreign saviors and the General Motors plan to abandon its Renaissance Center headquarters. In ...

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    Former Car Czar impressed with progress of GM, Chrysler
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    Steven Rattner, the man who headed the Auto Task Force, saved Michigan from bankruptcy, shepherded the still-contentious resurrections of General Motors and Chrysler and will soon have a book on his time in the trenches, has said his little lambs are doing better than he expected they would a ...

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    Christmas List 2010: Rattner's book to debut in time for next Christmas
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    Planning for the future is perhaps an alien concept to big business – even automakers, with their protracted product development cycles. Take a cue of what not to do from them, then, and start planning now for next Christmas. May we suggest that your 2010 wishlist starts with what's ...

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    Rattner recounts auto bailout, was "shocked" and "stunned" at condition of GM, Chrysler
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    Steve Rattner is a man we admire but do not envy. Rattner, a former Wall Street banking type with zero experience in the automotive or manufacturing world, was tasked by President Obama with guiding General Motors and Chrysler through their restructuring efforts. Not a small job, by any means. Or ...

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    BREAKING: Rattner reportedly quitting post as head of Auto Task Force
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    Steve Rattner, the former Wall Street executive who was tapped by the Obama Administration run point for the Auto Task Force, is reportedly stepping down after five months on the job. According to a statement from Treasury Secretary Timothy Geithner, Rattner (above, far right) will now "transition ...

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