GM Rises After Narrowing First Quarter Loss in Europe
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General Motors Co., the biggest U.S. automaker, rose to the highest price in since July 2011 after reporting a narrower first-quarter loss in Europe than a year earlier and earning more money than analysts had estimated.
GM rose 3.2 percent to $31.16 for its eighth gain in the last 10 trading days. The shares earlier surged 5.4 percent, the biggest intraday gain this year. GM has climbed 8.1 percent this year on top of 2012’s 42 percent jump.