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General Motors abandons search for new chief executive

In a bid to restore stability, car manufacturer gives job to chairman Ed Whitacre General Motors has abandoned a search for a new chief executive, opting instead to give the job on a long-term basis to its chairman, Ed Whitacre, in an effort to restore “stability” to the cash-strapped Detroit car manufacturer. Whitacre, a 68-year-old former telecoms [...]