Automakers Rise On Word Bipartisan Bailout Deal Reached (GM, F, LEA, AXL)
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Shares of General Motors (NYSE: GM) have rallied 23% on news a bipartisan agreement has been reached on an automaker bailout. No details were given, but a press conference is scheduled for 2:30PM today.
Ford (NYSE: F) is up 26% on the news. Lear (NYSE: LEA) is down 5%. American Axle (NYSE: AXL) is up 40%.
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