The Obama administration will not name a “car czar” to help oversee the auto industry’s restructuring and will instead create an inter-agency task force to deal with the issue, reports the WSJ. Treasury Secretary Tim Geithner and Lawrence Summers, who heads the National Economic Council, will jointly oversee the task force, with Geithner overseeing the $17.4bn in federal loan agreements between the automakers and the US government.

This entry was posted by Gwen Robinson on Monday, February 16th, 2009 at 5:02 and is filed under Capital markets. Edit this entry.