Hedge Fund Firm ‘Engine No 1’ Takes Stake in General Motors – Betting Big on its All-Electric Future

San Francisco-based investment firm Engine No. 1 on Monday announced it has taken a stake in automaker General Motors and is supportive of the company’s transition to building battery electric vehicles. The announcement sent GM’s stock price up 3.2% to $55.50 on Monday morning. Engine No. 1 invests in companies with bold social and environmental commitments, such as GM’s recent commitment to transition to building only fully-electric passenger vehicles by 2035.