General Motors is to transfer its common stock listing from the New York Stock Exchange to the Nasdaq, in a move intended to underline the Detroit carmaker’s technology-focused strategy.
The company said on Tuesday that trading on Nasdaq is expected to begin on 17 November. Its ticker symbol will remain “GM”, and existing shareholders will not need to take any action.
Paul Jacobson, GM’s chief financial officer, said: “GM’s customer-focused, technology-driven strategy is creating value for our stockholders, making Nasdaq a natural home for our listing as we grow.”
He added that the company was grateful for its “long-standing partnership with the New York Stock Exchange and its remarkable legacy”.
GM said the move would make it eligible for potential inclusion in the Nasdaq-100 index. The switch ends a listing relationship with the NYSE that began in 1911, although the automaker returned to the exchange in 2010 after a government-backed bankruptcy.
The decision follows a technology-focused event held by GM a week earlier, where executives outlined plans for artificial intelligence and self-driving vehicle technologies.
GM is among a number of companies to have moved from the more traditional NYSE to Nasdaq in recent years, alongside Walmart, DoorDash and Palantir Technologies. Hilton Worldwide Holdings also announced plans last week to transfer its listing.
The carmaker’s shares have more than doubled since 2024 as it has aggressively bought back stock. GM shares closed at 76.31 US dollars on Monday, giving the company a market capitalisation of about 64.4 billion dollars.
