GM to Move Stock Listing from NYSE to Nasdaq

The American automaker will become the first legacy car company to list on the tech-heavy exchange, aiming for inclusion in the Nasdaq-100.

American automaker General Motors (GM) has decided to transfer its stock listing from the New York Stock Exchange (NYSE) to Nasdaq, news agency Reuters and the website Electric Vehicles reported.

According to Reuters, General Motors will be the first legacy automaker to trade on the Nasdaq exchange, which is traditionally associated with technology companies. Electric Vehicles noted that the move is also aimed at enabling the company to gain entry into the prestigious Nasdaq-100 index.

The official date for completing the transfer and further details regarding the move have not yet been released.