Why General Motors Stock Climbed Higher in March

Shares of General Motors (NYSE: GM) gained 11.9% in March, according to data provided by S&P Global Market Intelligence, as investors cheered the company's continued push to transform itself into a leader in electric vehicles.

General Motors has laid down the gauntlet in its battle against a generation of electric vehicle start-ups looking to turn the automotive industry on its head. The company has committed $27 billion to investments in electric vehicles through 2025, part of a plan to phase out gasoline- and diesel-powered cars and light trucks by 2035.

Image source: General Motors.

Source Fool.com