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Ford, GM stock prices soar in year’s first week

The Detroit News
detroitnews.com

 

January 4, 2013
Ford, GM stock prices soar in year’s first week
Domestic auto stocks closed the first week of 2013 with some of the highest stock prices in more than a year.
Ford Motor Co. shares closed Friday at $13.57 per share, the highest price since July 2011.
General Motors Co. shares closed at $29.86, also the highest closing price for the Detroit automaker since the summer of 2011.
The two stocks have rallied all week — much like the rest of the stock market — following a fiscal cliff resolution that made permanent most of the Bush-era tax cuts and delayed massive spending cuts.
Both automakers posted strong year-end sales numbers on Thursday, and analysts predict more auto sales gains in 2013.

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