Gm Ceo To Step Down; Automaker Reports Profit Of $1.3 Billion

Edward E. Whitacre Jr., who took over in December, will replaced by Daniel F. Akerson, a GM board member. Analysts say the firm's second consecutive quarterly gain is a positive step toward an expected initial public stock offering. General Motors Co. posted a second-quarter profit of $1.3 billion Thursday and announced the retirement of Edward E.

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