General Motors Moves Stock Listing to Nasdaq

General Motors will transfer its common stock listing from the New York Stock Exchange to the Nasdaq on November 17. The automaker is repositioning itself as a technology-focused company, a shift that makes it eligible for potential inclusion in the Nasdaq-100 Index. The company will retain its GM ticker symbol, and current shareholders are not required to take any action.

This transition follows a recent technology event where executives detailed roadmaps for artificial intelligence and self-driving vehicle technologies. CFO Paul Jacobson stated that the company's technology-driven strategy makes Nasdaq a natural home for the listing as the company grows.

The move ends a long-standing relationship with the New York Stock Exchange, where the company first listed in 1911 and relisted in 2010 following a government-backed bankruptcy. Jacobson expressed gratitude for the partnership and the legacy of the New York Stock Exchange.