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GM to worry less about market share

Published by Steve Coleman on January 09, 2012

Profits, not market share, will drive General Motors plans for 2012, the company's CEO says.

Two years after the company's 2009 bankruptcy, the automaker's CEO Dan Akerson said during the Detroit Auto Show that the company plans to take better care of its balance sheet.

GM was often criticized for putting excessive incentives into the sticker price to keep its production lines rolling at high volumes.

While the company may not be giving as much importance to market share, GM says it has increased US sales in each of the two last years.

A Reuters story tells more.

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