New CFO learning the Auto business from the inside

[Bruce Nunnally]

The new chief financial officer at General Motors described the automaker's financial operations as being in reasonable shape, a far cry from the derision leveled by the Obama auto task force's former chief following the company's bankruptcy last year.

"The financial organization here is not as bad as it was characterized," Chris Liddell, the new GM CFO, told reporters Wednesday. "Certainly it's in a rebuilding process, as in fact a large part of the business is," the ex-Microsoft CFO said.

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