Why GM's Stock Is Trading Higher Today

General Motors Company GM shares are trading higher after the company announced it will increase its EV and AV investments from 2020 through 2025 to $35 billion, representing a 75% increase from its initial commitment announced prior to the pandemic.

The company also announced it expects the first-half adjusted EBIT to be between $8.5 billion and $9.5 billion.

GM designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments.

GM's stock was trading about 3.5% higher at $63 at the time of publication The stock has a 52-week high of $64.30 and a 52-week low of $23.33.