GM Logs Best Session Since Return To Stock Market
04 Ottobre 2011 - 11:58PM
Dow Jones News
General Motors Co. (GM) shares rallied 8.6% to close at $21.42
on Tuesday, taking part in a strong reversal for the broader
market. For GM, it's the best single-day percentage gain since the
stock returned to the public market almost a year ago. Buyers also
feasted on rival Ford Motor Co. (F), carrying shares up 7.6%. Other
notable advancers in the auto industry included Johnson Controls
Inc. (JCI), up 8.3%, and American Axle & Manufacturing (AXL),
up almost 10%. GM and Ford headlined a strong parade of September
U.S. sales results a day earlier, while Ford, like GM before it,
reached a labor deal with the United Auto Workers on Tuesday.
-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com
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