General Motors Executive Vice President and Chief Financial Officer Paul Jacobson addresses investors at the GM Tech Center in Warren, Michigan, Oct. 6, 2021.
Courtesy GM
DETROIT — General Motors plans to transfer shares of its common stock from the New York Stock Exchange to the Nasdaq as the automaker attempts to position itself more as a technology-focused company.Â
The Detroit automaker said Tuesday that it expects to begin trading as a Nasdaq-listed company on Nov. 17. Its ticker symbol is expected to remain “GM,” the company said.Â
“GM’s customer-focused, technology-driven strategy is creating value for our stockholders, making Nasdaq a natural home for our listing as we grow,” GM CFO Paul Jacobson said in a release. “We’re grateful for our long-standing partnership with the New York Stock Exchange and its remarkable legacy.”Â
GM noted the move will provide eligibility for potential inclusion in the Nasdaq-100 Index.Â
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