GM poised for second day of gains on signs of recovery in China sales

Shares of General Motors Co. extended gains for a second session Tuesday on news that car sales in China, a key market for the automaker, are recovering. Passenger car sales rose 3.3% in September to 1.75 million units, while combined sales of passenger and commercial vehicles grew 2.1% to about 2 million, according to China Association of Automobile Manufacturers. GM shares rose 0.9% to $33.31, following a 0.2% rise in the previous session. For the year, the stock is down 4.6%. Ford Motor Co. shares also climbed 0.4% to $15.05.

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From:: Stock Market News

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