General Motors plans to transfer shares of its common stock from the New York Stock Exchange to the Nasdaq. 

The move is part of an effort to position the Detroit automaker as more of a technology-focused company, CNBC reported. 

The company said on Tuesday that it expects to begin trading as a Nasdaq-listed company on Nov. 17, and its ticker symbol is expected to remain "GM." 

General Motors first listed on the NYSE in 1911, and it relisted on the exchange in 2010 following a government-backed bankruptcy.