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(Image from article: "The wait is over: GM files for Chapter 11")

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CEO of General Motors unexpectedly steps down

Fritz Henderson leaves government-owned automaker just months after his predecessor was forced to resign by a White House task force.

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The wait is over: GM files for Chapter 11

CEO Fritz Henderson calls the move 'a defining moment' in the company's reinvention. In trading, shares of GM dropped 28%. Meanwhile, Chrysler takes another step toward emerging from bankruptcy.

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