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State of GM, Chrysler 'shocked' officials

Detroit : MI : USA | about 1 month ago  
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Former U.S. automotive task force chief Steve Rattner said the state of General Motors Co. and Chrysler last spring "shocked" government officials. "We were shocked, even below our low expectations," Rattner said in an article published by Fortune Magazine, ABC News reported Wednesday. "Looking...
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  • News Source: Washington Post | about 1 month ago
    Rattner said there's "a good chance" the United States can recover the $30 billion invested in GM by the Obama administration, which required the company to shrink and reorganize in order to get the money. But of the other roughly $20 billion...
  • News Source: Uinta County News | about 1 month ago
    The former head of the Obama administration's auto task force said General Motors and Chrysler might have liquidated if a reluctant Congress had been in charge of approving aid. "We imagined that the collapse of the automakers could devastate the...
  • News Source: International Business Times | about 1 month ago
    Overcoming an entrenched corporate culture is the biggest question mark for General Motors Co management as it tries to maintain viability following its near failure this year, the former chief of the Obama administration's autos task force said on...
  • News Source: United Press International | about 1 month ago
    Former U.S. automotive task force chief Steve Rattner said the state of General Motors Co. and Chrysler last spring "shocked" government officials. "We were shocked, even below our low expectations," Rattner said in an article published by Fortune...
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