GM CEO concerned about economy, deficit

DETROIT — General Motors CEO Dan Akerson says he's concerned about the U.S. government's high deficit and what he called a jobless economic recovery.

The CEO told reporters before the company's stockholders meeting Tuesday that the government should have a 10-year plan to cut its roughly $14 trillion deficit. He says that would bring much needed stability to markets.

Akerson says if more jobs are created, more people will buy cars. He also predicts it will take a long time to shed the excesses of loose credit policies that began in the mid-1990s.

The CEO also says GM will sell Cadillac and Chevrolet worldwide, and other brands will be sold by region.

The annual meeting is GM's first since 2008 and the first in Detroit since 1990.