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May 26, 2012
 
 
 
 
 
 

GM cost-cutting nearly done, sales chief out

9 October 2009 / REUTERS, DETROIT
General Motors Co is on track to complete a wrenching cost-cutting but faces risks from an uncertain US economy and rising unemployment as it tries to win back consumers, the automaker said on Wednesday.

In an update on GM's progress in the three months since it emerged from bankruptcy, Chief Executive Fritz Henderson also said Mark LaNeve, the company's top US sales executive, would be leaving the company. LaNeve, 50, becomes the latest senior GM executive to leave at a time when Henderson is pushing to change the culture of the 101-year-old automaker under the scrutiny of a new board demanding quick results. Susan Docherty, 46, a veteran GM executive whose career has included stints managing the now-scrapped Hummer and Pontiac brands, was named to replace LaNeve.

GM ended the third quarter with its global and US market share above initial targets, despite a high-profile bankruptcy that hurt its credibility among consumers.

 
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