General Motors

GM eyes electric boats in new investment

General Motors has acquired a 25% stake in Pure Watercraft, a Seattle-based company specializing in electric boats and outboard motors, at a $600 million valuation.

General Motors electric-vehicle push backed by hedge fund

General Motors' plans to electrify its vehicle lineup has won the support of hedge fund Engine No. 1, which gained notoriety in January when it won three seats on Exxon Mobil’s board of directors by convincing big investors that the oil giant lacked a clean energy strategy.