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GM (GM) CEO Rick Wagoner defended its focus on SUVs and light trucks by claiming that the...

GM (GM) CEO Rick Wagoner defended its focus on SUVs and light trucks by claiming that the Japanese made similar mistakes: "Is it the US manufacturers who are stupid? I don’t think so." Light trucks, however, made up 52% of GM’s US sales last month, vs. 34% for Toyota (TM).
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