GM CEO Mary Barra moves to remake US automaker for an all-EV future

Barra on Tuesday called the Nikola deal a "strong validation" of GM's strategy

General Motors Co Chief Executive Mary Barra has reeled off two significant deals in the past week in response to investor concerns the No. 1 US automaker is stuck in neutral while Tesla Inc and other electric vehicle makers are leaving legacy automakers behind.

But investors want her to go further. A 10% jump in GM’s shares on Tuesday helped the stock top its post-financial crisis 2010 initial public offering of $33. Some investors want Barra to split up the company so its EV assets can be valued at headier levels like Tesla and other newly public EV automakers.

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