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Search resuls for: "GM WARREN"


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☆ GM hires ex-Apple exec to lead new software unit
  + stars: | 2023-05-09 | by ( Michael Wayland | ) www.cnbc.com   time to read: +1 min
A sign with the General Motors quality mission statement stands in the lobby at the GM Warren Tech Center in Warren, Michigan. DETROIT – General Motors has hired former Apple executive Mike Abbott to lead a newly created software unit for the Detroit automaker. Abbott, former vice president of engineering for Apple's Cloud Services division, will join GM as executive vice president of software, effective May 22. Software, specifically monetizing it, is a major focus for automakers such as GM, as they eye reoccurring revenue opportunities such as subscriptions to boost profits. GM has a target to grow profit margins and double its revenue to about $280 billion by the end of this decade.
☆ General Motors cuts several hundred full-time contract workers
  + stars: | 2023-05-01 | by ( ) www.cnbc.com   time to read: +1 min
A sign with the General Motors quality mission statement stands in the lobby at the GM Warren Tech Center in Warren, Michigan. General Motors Co on Monday said it had cut several hundred full-time contract workers over the weekend including at its engineering hub in suburban Detroit, the latest effort by the U.S. automaker to streamline operations. The Wall Street Journal reported the job cuts earlier. GM said in April that about 5,000 salaried workers had opted for buyouts to leave the company. The offers cover 31,000 hourly workers and about 2,500 salaried workers.
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