GM Plans to Move Stock Listing From NYSE to Nasdaq

General Motors plans to transfer its common-stock listing from the New York Stock Exchange to the Nasdaq Global Select Market, with trading on Nasdaq expected to begin November 17 under the existing GM ticker. The shares are expected to remain listed on the NYSE through market close November 16, the company said. GM said the move aligns its listing with its technology-driven strategy. Chief Financial Officer Paul Jacobson described Nasdaq as a natural home for the company as it grows. GM also said the transfer could make its shares eligible for potential inclusion in the Nasdaq 100 Index, but the listing change does not guarantee the shares will be added. Nasdaq has approved the listing, according to a company filing with the Securities and Exchange Commission. GM’s board authorized the transfer on Monday, the filing said. Existing shareholders do not need to take action. The filing also says changes to GM’s bylaws will revise the independence criteria for the definition of “Independent Director.” Those changes are scheduled to take effect when trading on Nasdaq begins. The transfer ends a listing relationship that began in 1911, according to company and exchange-history...