General Motors schedules Nasdaq transfer for November 17

General Motors will move its stock listing from the New York Stock Exchange to Nasdaq on November 17, the automaker announced. The Detroit-based company will keep its existing GM ticker symbol, ensuring continuity for shareholders. The transfer reflects GM's growing emphasis on technology-driven strategies, including artificial intelligence, autonomous driving, and software-defined vehicles.

Paul Jacobson, GM's chief financial officer, said the move aligns with the company's business strategy and the increasing role of technology in generating shareholder value. GM's board authorized the listing change on October 26, and Nasdaq has approved the move. The company will retain its primary stock symbol on the NYSE until November 16 before transitioning to Nasdaq.

GM's decision to list on Nasdaq makes it the first major traditional American automaker to establish its primary listing on the technology-focused exchange. The transfer would also make GM eligible for potential inclusion in the Nasdaq-100 Index, which tracks the 100 largest non-financial companies listed on Nasdaq. The news sent GM shares up about 5.5% during Tuesday's trading session.