GM CEO Cedes Control of North America

That GM is in some trouble is news to nobody. The world's largest automaker's slide has been well publicized, making headlines last year for losing an ungodly $10.6 billion US dollars. While the cause is a point of debate, GM's current CEO, Rick Wagoner has taken much of the flak for these losses, and rightfully so; As the head of GM's unprofitable North American operations he's responsible for the plans to cut 30,000 jobs and close nine factories by 2008 to cut the massive losses GM has encountered.