General Motors Co. in Detroit today announced that it will transfer the listing of its common stock, par value $0.01 per share, to the Nasdaq Global Select Market (Nasdaq) from the New York Stock Exchange (NYSE) beginning Nov. 17. The company’s common stock will continue to trade under the symbol “GM.”
The common stock is expected to continue to be listed under the NYSE ticker symbol “GM” through market close on Nov. 16.
“GM’s customer-focused, technology-driven strategy is creating value for our stockholders, making Nasdaq a natural home for our listing as we grow,” says Paul Jacobson, executive vice president and CFO at GM. “We’re grateful for our long-standing partnership with the New York Stock Exchange and its remarkable legacy.”
A Nasdaq listing also provides eligibility for potential inclusion in the Nasdaq-100 Index. No action is required by existing stockholders with respect to the transfer of the company’s listing.
For more information, visit GM.com.
In Related News: GM is providing a $500,000 grant to the American Federation of Teachers (AFT) Educational Foundation to launch Manufacturing Futures, a new initiative connecting 2,800 Michigan middle school students each year with advanced manufacturing education and career pathways.
Manufacturing Futures is said to build on the automaker’s $50 million commitment to STEAM education in Michigan through 2030, and $160 million in corporate giving across the state over the past decade.
The grant will be split between the Detroit Public Schools Community District and Dearborn Public Schools to support advanced manufacturing labs, classroom technology, and hands-on learning across eight middle schools, connecting students with existing high-school career and technical education (CTE) programs. The initiative will launch this fall.
“Every student deserves the chance to chart a bright path toward the future. General Motors is proud to work with the AFT Educational Foundation to launch the Manufacturing Futures initiative and bring hands-on technology and manufacturing experiences to 2,800 Michigan middle school students each year,” says David Massaron, vice president of infrastructure and corporate citizenship at GM.
“By connecting students to these highly valuable training and mentorship opportunities, we’re helping young people build the skills and confidence to shape what’s next for themselves and their communities.”
Manufacturing Futures will equip participating middle-school classrooms with tools such as 3-D printers, robotic arms, and other hands-on manufacturing equipment. Students also will visit CTE high-school manufacturing facilities, meet CTE students and instructors, and learn about manufacturing careers, apprenticeships, and postsecondary options.
The initiative will include 24 paid high-school CTE student ambassadors who introduce younger students to manufacturing through classroom presentations and Q&A sessions, while family engagement nights will provide students and their families with facility tours, employer speakers, and information about career pathways.
The grant also will support a construction-trades classroom at Dearborn’s Michael Berry Career Center, adding equipment such as saws, drill presses, and related tools.
For more information on GM’s support of local communities, visit here.
 from the New York Stock Exchange (NYSE) beginning Nov. 17.){kind=link}