Auto Knight

Steven Rattner Working With Auto Industry On Recovery

by Darren

Improving the health of the US auto industry is one of the top priorities of the Obama administration. Steven Rattner’s name had been bandied about as becoming the “car czar” that Obama had spoken of installing in an oversight position. Instead, Rattner was added to a panel of 14 that is overseeing the attempts at helping the auto industry recover. Some are calling Rattner the “car czar lite” because he’s communicating directly with the auto makers on how best to speed up their plans to overhaul the industry.

Rattner has a tough job, but he seems willing to give it his best effort.

“In the fall, as the economic crisis intensified, it became clearer and clearer to me that this was a moment of historic importance,” Mr. Rattner said, “and if one was ever to have an interest in serving your country in the area of economic policy, this was the moment.”