Friday December 19, 03:09 PM
STOCKS NEWS US-Parts markers rise after U.S. aids auto cos
Stocks on the move Real (Frankfurt: BJU.F - news) -Time Equity news
U.S. stock market report
0950 ET 19Dec2008-Parts
makers leap after U.S. extends lifeline to automakers ------------------------------------------------------------------------------
Shares of companies that make auto parts leapt on Friday after U.S. president George W. Bush said the government will provide extend some $17.4 billion in loans to ailing automakers Chrysler LLC and General Motors Corp (NYSE: GM - news) .
Lear Corp jumped 17 percent, before paring gains to rise 8.5 percent to $1.79.
American Axle & Manufacturing Holdings rose 2.5 percent to $2.50. American Axle makes most of its sales to GM and is the most exposed to a GM failure, according to a recent Bank of America (NYSE: IKJ - news) report.
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