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Updated from June 9
The auto-parts industry is set to meet at the White House this afternoon to ask for as much as $10 billion in further aid, and investors starved for good news in the sector sent supplier shares higher for a second session Wednesday.
The most beaten down stocks -- the companies nearest to default, and therefore with the most to gain from further financial support -- were up the most.
In late morning trading Wednesday, shares of Lear(LEA Quote) jumped another 21% to $1.93, American Axel(AXL Quote) leapt 22% to $4.35, Tenneco(TEN Quote) was up 11% to $10.24, and Dana Holding(DAN Quote) gained 16% to $1.76. ...
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