GM to Move Its Stock Listing From the NYSE to the Nasdaq, Pitching a Tech Focus

General Motors said Tuesday that it will move its common stock from the New York Stock Exchange to the Nasdaq, with trading on the new exchange expected to begin Nov. 17. The company said its ticker symbol is expected to stay GM. The move is part of an effort to position the Detroit automaker as more of a technology-focused company, according to reporting that cites CNBC. GM first listed on the NYSE in 1911 and relisted there in 2010 after a government-backed bankruptcy, and the switch ends a NYSE listing of more than 100 years. The Nasdaq is home to many technology companies.

Right-leaning Just the News leads with the timing and the company's stated aim, putting the 115-year NYSE history in its headline and adding the Nov. 17 start date, the unchanged GM ticker and the 1911 and 2010 listing history, while attributing the technology framing to CNBC. Left-leaning The New York Times, the only left source present, runs a shorter item whose headline and excerpt focus on the more-than-100-year NYSE tenure and the Nasdaq's technology base; the material provided does not include the start date or ticker. Alternative outlet Semafor takes the most skeptical angle, saying the move does not make GM a tech company. It cites the Cruise self-driving venture, into which GM poured more than $10 billion with little to show, notes that Wall Street still values GM like a legacy automaker despite a 5% share gain Tuesday, and adds a Reuters report that GM plans new hybrid three-row SUVs. All three agree on the core fact of the switch and its technology-focused rationale. They differ in emphasis: the right source treats it as a corporate announcement with logistics, the left source centers the length of the NYSE listing, and the alternative source questions whether the strategy will work.