The U.S. government had no information about the General Motors Co. ignition-switch defect that’s been linked to 13 deaths, members of the team that oversaw the automaker’s restructuring said yesterday.
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.
General Motor Co.’s planned initial public offering will be the “defining moment” in showing whether automakers can repay taxpayers, said Steven Rattner , former head of the U.S. government’s Automotive Task Force.
Steven Rattner , the former head of the U.S. government’s auto task force, said he expects General Motors Co.’s initial public offering to price above the range of $26 to $29 the company has announced.
Steven Rattner , the former head of President Barack Obama ’s automotive task force, said General Motors Co. will report a quarterly profit outside of bankruptcy next week for the first time in three years.