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Investors in the General Motors corporation have increased the pressure on CEO Richard Wagoner to resign, as pressure mounts on all fronts for the flailing automaker to make changes at the executive level. One analyst said: "When Wagoner took over for GM North America, he essentially implied that it was all on his shoulders now. By taking on that role, he took full responsibility for North America, where the key issues are." General Motors has run up a loss of some US$4 billion in this year alone. Wagoner became the CEO of the company in 2000. Source: news.yahoo.com
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