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Sunday, 20 April 2014

GM's recovery starts showing some cracks

Akerson pains

The automaker reported $900 mln of Q4 profit - pretty decent considering losses in Europe. But unlike at Ford, results in the U.S. disappointed, and GM paid more incentives to buyers. The company is no lemon, but CEO Dan Akerson needs to show the last quarter of 2012 was a blip.



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