DETROIT (Reuters) - Shares of General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz) and Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) jumped on Wednesday after Deutsche Bank said chances have improved for the struggling automakers to receive a government bailout.
"There is growing concern about the risks to the U.S. economy that would be derived from inaction," Deutsche Bank analyst Rod Lache said in a research note.
"The proximity of these bailout hearings to the Citigroup (C.N: Quote, Profile, Research, Stock Buzz) bailout may have also tipped the scales somewhat," Lache said, referring to the massive government rescue of the bank announced Sunday.
M and Ford shares jump on bailout outlook
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