Posted on

GM shares hit record high as automaker reveals electric van and delves into flying cars


Renderings from GM of the “Cadillac halo portfolio” that includes concepts of an autonomous shuttle (right) and an electric vertical take-off and landing (eVTOL) aircraft, also known as a flying vehicle.Screenshot via GMShares of General Motors hit a record high in intraday trading Tuesday after the automaker unveiled a new electric van and revealed potential plans to delve into futuristic flying cars.The Detroit automaker’s stock was up by as much as 8.8% to $48.95 a share as of Tuesday morning, leading to a roughly $70 billion market cap. Its previous high of $46.76 occurred in October 2017. It’s a record since the automaker …

Read More