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GM Stock Eyes Key Level Ahead Of Earnings; Ford To Update On EV Plan To Beat Tesla

GM Stock Eyes Key Level Ahead Of Earnings; Ford To Update On EV Plan To Beat Tesla

GM stock hit resistance at a key average Wednesday, a day after Ford stock reclaimed that key level for the first time since January. Late Wednesday, Ford announced that it will update investors Thursday on its "plan to lead the electric vehicle revolution." Ford reportedly plans to cut 8,000 jobs in the coming weeks to help finance its EV push.