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When Wagoner took over GM was already completely fubar, the world was simply still pretending that they weren't fubar, kind of like it pretended that all of those sub-prime mortgages were a good idea. I'm sure Wagoner and crew weren't perfect but GM seems to have turned around it's quality problems, and to be making much more competitive vehicles than they were 5-10 years ago, these are both big changes that had to be made to keep GM from being in even worse shape. Before that they were headed the direction of Chrysler, which obviously wasn't a good direction to go. Now they are being ground down by problems that have been building for decades though, and of course the worldwide economic slowdown.
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