FT.com / Columnists / Martin Wolf - Why Davos Man is waiting for Obama to save him

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FT.com / Columnists / Martin Wolf - Why Davos Man is waiting for Obama to save him: "Global economy"

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Interactive Investor

ar companies rally after FT report on GM:

Shares of car companies rallied on Friday after the Financial Times reported that General Motors asked real estate agent Jones Lang LaSalle for help in raising up to $257 million from the sale and leaseback from some of its European offices and property assets.

Shares of GM, a Dow component, were up 10 percent to $5.30 while Ford Motor shares surged 25 percent to $2.68. The Dow Jones U.S. Automobile Index surged 12 percent to 48.45."

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