General Motors is experiencing a rosy week. There is a lot of news from the American concern and that is apparently immediately appreciated on the American stock exchange. The stock reaches the highest value in recent history.
GM won a whopping 9.5 percent in early trading at the opening of the New York stock exchange on Wednesday. This month, the GM stock has already gained nearly $ 10 in value and is now at just under $ 50 (about $ 41) per share. The highest share value of GM on the stock exchange in roughly 16 years.
Not only has the American stock market as a whole been bouncing back sharply for some time after the enormous dip last spring, in the case of GM the timing of the price increase is easy to explain. General Motors released important news this week. First of all, it presented a new logo and made more known about the electric future of its brands. It then unveiled BrightDrop on Tuesday, a new brand and mobility company that will sell its electric commercial vehicles to FedEx, among other things. On Wednesday, Cadillac announced the arrival of a new electric flagship; the Celestiq. It also showed a more futuristic view of mobility, with the ‘passenger drone’ VTOL. All in all, the wind of innovation is blowing through Detroit and that is therefore appreciated at the stock exchange.