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Ford, GM Stocks Rally on Electric-Vehicle Enthusiasm

After years of shunning the U.S.’s two largest car companies, investors are finally starting to kick the tires on General Motors Co. and Ford Motor Co.

Ford shares have surged about 20% this week and have risen about 35% in January, which would mark their best month since April 2009. The move this week followed a Deutsche Bank report suggesting Ford could give a brighter-than-expected profit outlook for 2021 when it reports fourth-quarter earnings on Feb. 4.

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