The federal budget deal keeping the U.S. government open eliminates the Obama administration's "car czar" which oversaw the bailouts of GM and Chrysler. In memoriam, GM will give the U.S. Treasury a Cruze with a missing steering wheel.
President Obama has appointed Ed Montgomery "Director of Recovery for Auto Communities and Workers", which CNN annoyingly refers to as "The Car Czar." What? Who the heck is this guy, and what are his qualifications?
Former Chrysler CEO and Ford President Lee Iacocca issued the following statement today, perhaps deciding he was able to find a better "Car Czar" than Kenneth Feinberg and it's himself. Whatever may have given him the idea?
An agreement on the shape of a rescue plan for the not-so-Big Three automakers appears close. Included in oversight will be a federal "car czar" to oversee the rescue package. Here's a look at five possibilities for the position.