Wall Street Financier To Advise Auto Task Force

By: Associated Press
By: Associated Press

WASHINGTON (AP) -- A Wall Street financier will advise the government's auto industry task force reviewing the restructuring of General Motors Corp. and Chrysler LLC.

Steven Rattner will serve as counselor to Treasury Secretary Timothy Geithner and lead a team advising Geithner and White House economic adviser Larry Summers.

Rattner's firm, Quadrangle Group, said Monday that he was leaving to take the new role.

Rattner had been a leading candidate to become the so-called "car czar." But President Barack Obama decided instead to name a task force to deal with the future of GM and Chrysler.

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