While you were sleeping: GM, Ford rally on sales

Tue, 03 Oct 2017

By Margreet Dietz Oct. 4 (BusinessDesk) - Wall Street climbed to record highs, as the latest US new car sales data exceeded analysts’ expectations and bolstered shares of General Motors and Ford Motor. Shares of General Motors rose, up 2.7 percent as of 2.28pm in New York, while those of Ford gained 1.8 percent, after both car makers reported better-than-expected sales for September. GM Chief Economist Mustafa Mohatarem said all the key US economic indicators point toward continued economic growth and stability, while in addition, regi...

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