One of the key figures in the bailouts that saved Chrysler and General Motors – and a driving force behind the compromise that will nearly double U.S. automotive fuel economy standards – is leaving his post at the White House.
Former investment banker Ron Bloom will leave his post as the senior automotive advisor to President Barrack Obama by the end of the month, though it does not appear he has lined up a new job, according to White House sources.
Bloom was the nation’s “car czar” until earlier this year when Congress pulled the budget for his post, but he remained the top auto advisor to the president, officially in the role of Assistant to the President for Manufacturing Policy.
The 56-year-old originally joined the new administration in February 2009, just weeks after Obama took office and had to address the rapidly-failing fortunes of Detroit’s auto industry. Bloom first served as assistant to the first White House auto czar, Steve Rattner, but Bloom took over the top spot after that former banker and one-time journalist left Washington following the emergence of Chrysler and GM from bankruptcy.