In America, when a consumer sees GM, we know cars are involved. However, in Canada, GM has been taken over by a totally different kind of company.

According to an article with the Detroit Free Press, a Canadian company called Geo Minerals is known in the Canadian stock exchange. Apparently, the moniker was offered to the mining company “before it went public in 2007.” General Motors had used GM ticker from 1972 until 2005 when the company was no longer involved in the Toronto Stock Exchange. Michael London, the CEO of Geo Minerals, reports that GM has offered to pay the mining company for the return of the GM ticker to the car giant.

London has refused the offer, and now General Motors has announced they will use GMM as their ticker in the Canadian stock exchange. GM is confident their investors are well informed of the decision, and that there will be minimal confusion.

Our auto shipper companies hope that the Canadian mix-up pans out well for both of the involved companies.