Tag Archives: auto dealerships

How Obama crushed thousands of auto dealerships

(‘76 Contributor) In 2009, the Auto Task Force under the US Treasury Department and its head, Steve Rattner, Obama’s Car Czar, entered into negotiations with Chrysler and GM (auto manufacturers) to “save” the auto industry. Herein, the auto task force, without inside knowledge of the industry, pressured the manufacturers to reduce the number of dealerships and fast tracked the government-managed bankruptcy to do just that. This did not allow for due process in the bankruptcy court. Continue reading