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The Wall Street Journal is reporting that GM CEO Edward Whitacre, Jr., will step down.  This announcement from GM came after the government-bailed-out company posted a second-quarter profit of $1.3 billion “a stark contrast to the $13 billion loss a year ago,” according to The Wall Street Journal.

Whitacre will be replaced by Daniel Akerson who was “added to GM’s board last summer by the U.S. Treasury,” according to wsj.com.  See the link below for complete details.

Link: GM Reports 1.3 Billion Second-Quarter Profit; Says CEO Will Leave Post – WSJ.com.