Rattner Interviewed at Latest Edmunds' AutoObserver.com "Power Breakfast"

Rattner Interviewed at Latest Edmunds' AutoObserver.com "Power Breakfast"

Rattner Interviewed at Latest Edmunds' AutoObserver.com "Power Breakfast"

SANTA MONICA, Calif. -- October 4, 2010 -- Edmunds' AutoObserver.com today published an interview with Steve Rattner, author of the new book "Overhaul." The book recounts Rattner's experiences as the head of the Automotive Task Force that guided Chrysler and General Motors through quick bankruptcies.

In his review of the book "Overhaul" at http://justtoclarify.typepad.com/my-blog/, Edmunds.com CEO Jeremy Anwyl stated, "You would expect that the book portrays the Auto Task team as hard-working, brilliant whiz kids and the auto industry executives as dolts who didn't get it. This is true enough with 'Overhaul,' but it does not get in the way of what turned out to be a good read."

The Rattner interview is the latest in AutoObserver.com's "Power Breakfast" series featuring discussions with influential automotive industry executives.

"I was fortunate that (Treasury secretary) Tim Geithner asked me to do a job that was actually doable. We were able to completely restructure these companies, and it's hard to imagine a job in Washington where it would be possible to feel this sense of accomplishment," Rattner told AutoObserver.com columnist Doron Levin.

Rattner tells Levin more intervention from Washington probably won't be needed in Detroit. "Car sales are cyclical, they're only going to go up from here," he said. He praised Ford and its management. "Ford is going to make a ton of money over the next couple of years," he predicted.

However, Rattner is concerned as the industry recovers, United Auto Workers union leadership will demand risky take backs of what was sacrificed during the GM and Chrysler bankruptcies. "These are changes that aren't pleasant, I know, but there's no going back."

Levin's piece also shares Rattner's perspective on the national economy, working in Washington and future Presidential candidates.

The complete article can be found at http://www.autoobserver.com/2010/10/power-breakfast-with-former-car-czar-steve-rattner.html.

About Edmunds (http://www.edmunds.com/about/)
Edmunds.com publishes four Web sites that empower, engage and educate automotive consumers, enthusiasts and insiders. Edmunds.com, the premier online resource for automotive information, launched in 1995 as the first automotive information Web site. Its mobile site, accessible from any smartphone at www.edmunds.com, makes car pricing and other research tools available for car shoppers at dealerships and otherwise on the go. InsideLine.com is the most-read automotive enthusiast Web site. Its mobile site, accessible from any smartphone at www.insideline.com, features the wireless Web's highest quality car photos and videos. CarSpace is the most established automotive social networking Web site. AutoObserver.com provides insightful automotive industry commentary and analysis. Edmunds is headquartered in Santa Monica, California, and maintains a satellite office in suburban Detroit. Follow Edmunds.com on Twitter@edmunds and fan Edmunds.com on Facebook at http://www.facebook.com/edmunds.

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