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Photo: GM via AP

General Motors is changing its corporate logo and launching an electric vehicle marketing campaign to reshape its image as clean-vehicle company, AP auto writer Tom Krisher reports.

Why it matters: The campaign comes as stock market investors are enthralled with companies that make electric vehicles.

  • Tesla shares have skyrocketed more than 800% in the past year, and market value has passed $800 billion. GM's value is around $61 billion.
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Go deeper

Jan 22, 2021 - Economy & Business

Lucid Motors' methodical manufacturing plan

Lucid Motors manufacturing plant in Casa Grande, Ariz. Photo: Lucid

The U.S. auto industry is spreading west, with electric vehicle companies opening factories far from Detroit, in places like California, Arizona and Texas.

Why it matters: With hundreds of millions of dollars in fresh capital, along with newly issued public stock symbols, many are unproven newcomers with ambitions to become the next Tesla.

Dan Primack, author of Pro Rata
20 mins ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.