LG Electronics Soars Most Since 2008 After Striking GM Bolt Deal
October 21, 2015 8:24 am
LG Electronics Inc. jumped the most in 7 years in Seoul trading after the electronics company struck a deal to co-develop General Motors Co.’s Bolt electric vehicle.
LG’s shares soared 14%, the most since 2008, to close at 53,600 won. The stock has collapsed 9.3% since the year started.
GM and LG struck their partnership as carmakers around the world are trying to develop more fuel-efficient vehicles.
The South Korean company is supplying components including the new Bolt’s electric-drive motor, charger, and batteries.
The material has been provided by InstaForex Company – www.instaforex.com
LG Electronics Inc. jumped the most in 7 years in Seoul trading after the electronics company struck a deal to co-develop General Motors Co.’s Bolt electric vehicle.
LG’s shares soared 14%, the most since 2008, to close at 53,600 won. The stock has collapsed 9.3% since the year started.
GM and LG struck their partnership as carmakers around the world are trying to develop more fuel-efficient vehicles.
The South Korean company is supplying components including the new Bolt’s electric-drive motor, charger, and batteries.
The material has been provided by InstaForex Company – www.instaforex.com
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