General Motors shares climbed 3.02% to $83.67, outperforming the market as investors reacted to favorable regulatory shifts and key leadership updates.
- The stock was buoyed by a federal rollback of greenhouse gas regulations and the strategic hiring of former Lucid executive Claudia Gast as deputy CFO.
- The U.S. House moved to rescind tariffs on Canadian imports, providing vital relief for GM’s North American production hubs.
- This policy shift addresses previous operational strains and layoffs resulting from high trade costs earlier this year.