Shares of General Motors Co. shot up 2.8% to a record high in morning trade Tuesday, after the auto maker said September sales rose 12% from a year ago to 279,397 units, with Chevrolet sales up 17% and GMC sales up 9%. Deliveries of crossover vehicles grew 43% and truck deliveries were up 10%, offsetting an 11% decline in passenger cars. Retail deliveries rose 8%, the best September retail performance in 10 years, while commercial deliveries increased 25% and government deliveries grew 38%. For the third quarter ended September, GM said U.S. inventory were down about 160,000 vehicles. The stock has soared 22% over the past three months, while the S&P 500 has gained 4.2% and the Dow Jones Industrial Average has advanced 5.2%.
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