Engine No. 1 backs GM's strategy around transition to EVs - NewsBreak
By Olachi in Business
Updated 3 years ago
Oct 4 (Reuters) - Hedge fund Engine No. 1 on Monday formally announced it has taken a stake in General Motors Co and was supportive of its transition to battery electric vehicles, sending the shares of the No. 1 U.S. automaker up 3.2%. The position of support for GM was...