Hedge fund Engine No. 1 backs GM's strategy around transition to EVs

GM CEO Mary Barra speaks at an event detailing the automaker's EV technologies. — GM CEO Mary Barra: "It is clear we are operating in a dynamic market that presents both challenges and opportunities for our company." (GENERAL MOTORS/Steve Fecht for General Motors)

By:

BEN KLAYMAN and SVEA HERBST-BALYLISS

By:

Reuters

October 04, 2021 05:25 PM

Hedge fund Engine No. 1 on Monday formally announced it has taken a stake in General Motors and was supportive of its transition to battery electric vehicles, sending the automaker's shares up.

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