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General Motors CEO Dan Akerson apologized to shareholders Tuesday for the automakers' poor stock performance, despite the fact that the company posted record profits and regained the title of global sales leader last year.

Akerson, speaking at the company's annual meeting in Detroit, said 2011 was only a good year, not a great one for GM, despite the sales rebound and record profit of $7.6 billion. And he said GM needs to improve the profit margins, pointing out that it's the fifth largest Fortune 500 company in terms of revenue, but only the 20th largest in terms of profit.



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GM CEO Backtracks And Apologizes To Share Holders About Stock Performance

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