Why General Motors Stock Is Higher Today

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Shares of General Motors (NYSE: GM) were trading higher on Tuesday. In a presentation at the Consumer Electronics Show (CES), GM revealed a new electric commercial-vehicle brand and gave an update on its plan to transition entirely to electric vehicles. 

As of noon EST, GM’s shares were up about 5.4% from Monday’s closing price.

The centerpiece of GM’s Tuesday presentation at CES was BrightDrop, a new electric commercial-vehicle brand that builds on GM’s recent investments in electric vehicles, telematics, and software. 

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