AP Source: GM Chairman to become permanent CEO

GM posts big profit; CEO Whitacre to step down
On the same day that General Motors reported a profit of $1.33 billion in the second quarter, the U.S. automaker announced that CEO Ed Whitacre will step down from his position.

Whitacre to become GM's permanent CEO
AP source says GM Chairman Ed Whitacre Jr. to become automaker's permanent CEO.

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