General Motors to Transfer Listing from NYSE to Nasdaq in November

Original summary · What happened

General Motors announced plans to shift its common stock listing to the Nasdaq Global Select Market after more than a century on the New York Stock Exchange. The legacy Detroit vehicle manufacturer expects trading on the new venue to commence on November 17, retaining its familiar ticker symbol GM. Existing shareholders are not required to take administrative action to facilitate the transition.

The strategic relocation is aimed at positioning the automaker among technology-focused peers as it advances operations in electric vehicles and automated driving systems. Transferring to Nasdaq also opens eligibility for potential inclusion in benchmark technology equity gauges, including the Nasdaq-100 Index. The departure represents a significant development for the NYSE, where GM maintained historical ties dating back to 1911 and its subsequent relisting in 2010.