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Mon December 16, 2013
Outgoing GM CEO Dan Akerson says they've 'been trying to fix this airplane while in air'
Outgoing GM CEO Dan Akerson spoke to the National Press Club this afternoon cataloging all the changes the company has made to make it profitable once again.
The U.S. Treasury sold the last of its holdings in the company earlier this month. The government said they lost about $10 billion on its bailout of over $49 billion.
Akerson said over the last four years, the company has invested more than $10 billion in its U.S. operations, including $1.27 billion announced today.
"There's that $10 billion again. But we're investing it - that will keep paying dividends to the American public that supported this company in its darkest hour," said Akerson.
Akerson said the company is still in the early chapters of the comeback story and that they still have a lot to prove to people who left the brand for other car companies.
Akerson will step down as CEO on January 15, 2014. Akerson was with the Carlyle Group prior to taking the helm at GM in 2010. The global auto industry will see its first female CEO when Marry Barra takes over in January.
You can watch Akerson's address to the National Press Club below:
Akerson said it was only a few years ago that President Obama asked, "Why can't they make a Corolla?'"
"Well, no one asks that any more," he said.