GM, Chrysler Recovery Not Assured, Rattner Says

A successful recovery for General Motors Co. and Chrysler Group LLC is “far from assured” and will take time, the former head of the federal government’s auto task force said.

The comments by Steven Rattner today in a speech in Washington may add pressure on General Motors Co. and Chrysler Group LLC to speed restructuring efforts after the companies emerged from bankruptcy. GM chose a new U.S. sales chief this month, and Chief Executive Fritz Henderson said GM was “on path” to reach its financial goals. Chrysler will unveil its plan Nov. 4.

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- Posted: 2009-10-21 13:24:49

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