Just Politics

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GM's 3Q stock rise surprises industry
TOM KRISHER, AP Auto Writer

Investors now realize that most of the departures signal that GM is making necessary changes. That's better than sweeping management problems under the rug like it did in the past, said Bill Selesky, an industry analyst for Argus Research. The changes, he said, have set GM apart from its peers this quarter.

"I think people are now looking at the company and saying they're more proactive," Selesky said. "They're not the same company my father used to know."

For the quarter, GM shares gained $3.05, from $19.70 on July 2 to $22.75 on Friday.

http://www.seattlepi.com/business/article/GM-s-3Q-stock-rise-surprises-industry-3902650.php