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Wagoner: Being No. 1 no longer GM's top goal

Wagoner: Being No. 1 no longer GM's top goal

General Motors boss Rick Wagoner said being the world's largest automaker is not the company's top priority anymore, according to the Wall Street Journal. "Would we like to stay number one? Sure. Is it the top priority of the company? No," he said at a press conference in St. Petersburg, Russia, where the automaker is building a new plant. "We're really focused on very strong profitability growth and balance-sheet strength in addition to driving the revenue side." Recently, there has been a great deal of speculation that Toyota will soon surpass GM in terms of overall worldwide sales volume. However, Wagoner hasn't conceded to losing the sales battle entirely. "If we can keep growing where the opportunities are to grow [...] someone's going to have to hustle pretty hard to catch up with us like that," he said.