Obama Administration Wanted Ghosn to Run GM

Posted by Jared Gall 0 comments

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In his new book, "Overhaul" former head of President Obama's Auto Task Force and guy who fired Rick Wagoner, Steve Rattner, spills the beans on what it was like to deal with a unsuccessful / failing industry and an $85-billion band-aid.

While the book will be on understanding Oct. 14, The Detroit News, Washington Post and Huffington Post all received advanced copies and came up with some jewels:

-  Rahm Emanuel (Chief of Staff) doesn't respect the UAW.

- Fiat CEO Sergio Marchionne told UAW boss Ron Gettlefinger that they (the UAW) needs to "embrace a culture of poverty, not a culture of entitlement," and recommended retiree health-care be chopped.

- Fritz Henderson wanted to move GM out of Detroit to the GM Tech Center in Warren, Michigan, to reduce costs and keep executives hip to what's going on "on the ground." The White House, however, thought it would be too harmful for Detroit, calling it a "bridge too far."

- The White House and Rattner wanted Nissan/Renault CEO Carlos Ghosn to run GM, but Ghosn declined because he "felt considerable loyalty to both companies (nissan/renault- Ed.) and wanted to see them through the crisis."

( Automotive News )

For more on Rattner's book, see Edmunds AutoObserver.

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