GM’s Barra Boosts Stock as Tech Story Gains Credibility
- Automaker’s push into EVs, self-driving starts to pay off
- Seeking to join wave that pushed up Tesla’s value to new highs
Mary Barra
Photographer: Chip Somodevilla/Getty Images
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All General Motors Co. Chief Executive Officer Mary Barra needed to hit a stock record was $27 billion and a bit of braggadocio.
The carmaker’s shares surged after Microsoft Corp. partnered with it to lead a $2 billion fund-raising round in a self-driving venture called Cruise LLC. The software giant also will lend its prowess in cloud-computing, an essential tool for managing the GM-owned startup’s planned fleet of robotaxis.