CORRECTED - UPDATE 1-Rattner to become U.S. adviser on autos

Newswire

(Corrects spelling of Quadrangle executives name to Huber in final paragraph) DETROIT, Feb 23 (Reuters) - Steven Rattner will become an adviser to the U.S. Treasury on the restructuring of the troubled auto industry and has stepped down from the private equity firm he co-founded, the Quadrangle Group, the firm said in a statement on Monday. Rattner will become a counselor to U.S. Treasury Secretary Timothy Geithner on a range of economic and financial issues and will lead the team ...

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