Chrysler Group LLC’s pairing up with Fiat SpA was supposed to transform its car lineup into one that Americans would covet, starting with the much-hyped Dodge Dart’s debut a year ago. So far, buyers aren’t budging.
Wage cuts aimed at increasing the competitiveness of U.S. auto companies may harm the economy by reducing workers’ disposable income, said Steven Rattner, the former leader of President Barack Obama’s auto task force.
Steven Rattner , a co-founder of the private-equity firm Quadrangle Group LLC, will pay $10 million to settle kickback allegations involving New York’s pension fund, less than half of the $26 million state Attorney General Andrew Cuomo sought in a lawsuit.
Quadrangle Group LLC was accused in a court filing by its former head, Steven Rattner , of trying to shift responsibility to him after settling investigations related to the New York state pension fund by federal regulators and Attorney General Andrew Cuomo .
Steven Rattner , the former head of Quadrangle Group LLC, will pay $6.2 million and accept a two- year ban from associating with broker-dealers or investment advisers to resolve a Securities and Exchange Commission probe of kickbacks in connection with the New York state pension fund.
Ford Motor Co., the only large U.S. automaker that didn’t receive a U.S. government bailout, would’ve failed along with General Motors Corp. and Chrysler LLC if President Barack Obama’s administration hadn’t rescued the industry, said Steven Rattner, who headed Obama’s auto task force.