From Autoweek · Todd Lassa · · 1m 40s
GM Leaves NYSE for Tech-Heavy NASDAQ
General Motors moves from New York Stock Exchange to NASDAQ next Monday after 115 years.
In brief
General Motors moves from New York Stock Exchange to NASDAQ next Monday after 115 years. General Motors is leaving the New York Stock Exchange for the NASDAQ to join its 100 Index, aiming for broader investor access and reduced price volatility. Originally reported by Autoweek.
GM Leaves NYSE
General Motors is leaving the New York Stock Exchange for the NASDAQ next Monday, November 16.
NASDAQ Licensing Fees
NASDAQ licensing fees are quite a bit less than the New York Stock Exchange.
100 Index Benefits
GM expects NASDAQ to add its shares to the 100 Index, giving it a broader investor base and reducing price volatility.
NYSE History
The New York Stock Exchange was founded in 1792, and GM joined in 1911 after being incorporated in 1908.
NASDAQ 100 Index
The NASDAQ 100 Index includes companies like Alphabet, Amazon, Apple, Microsoft, Tesla, and Nvidia.
Automaker Tech Shift
Marketing executives for GM and Ford have tried to recast automakers as tech companies for at least two decades.
Energy Business Units
GM Energy offers home energy, electric vehicle recharging, and vehicle-to-home energy systems.
Autonomous Vehicle Plans
GM plans to launch personal autonomy for highways in 2028 with the Cadillac Escalade IQ.
OnStar Settlement
GM settled with 37 states and the District of Columbia over Smart Driver data collection for $239.75 million.
Smart Driver Data
GM tracked driving habits including start/end times, braking, acceleration, and speed limit violations.
Data Privacy Steps
GM created a consumer-facing Privacy Center and updated its privacy statement to improve data privacy.
The takeaway
General Motors is leaving the New York Stock Exchange for the NASDAQ to join its 100 Index, aiming for broader investor access and reduced price volatility.
