General Motors to hire 8,000 new tech staff

News Image

MG News | January 27, 2022 at 09:59 AM GMT+05:00

0:00

January 27, 2022: General Motors Co said informed that the company would hire more than 8,000 new technical staff this year, as the U.S. automaker accelerates its development of electric vehicles and software-driven services.

The company said it is expanding teams that electrify cars, develop vehicle software and autonomous technology and engineer fuel cells.

GM's announcement comes just a day after the company unveiled a $7 billion investment plan in Michigan, mainly toward making full-size electric pickups, intensifying a battle with rival Ford Motor Co for EV supremacy in North America.

The automaker, which was dethroned as the U.S. sales leader in 2021 by Japanese rival Toyota Motor Corp, plans to boost its North America EV production capacity to more than a million units by late 2025.

It will also have to contend with current EV leader Tesla, which will soon open a second U.S. plant in Austin, Texas, and is on pace to sell more than 1 million electric vehicles globally in 2022.

GM is also looking to expand its digital commerce footprint by launching an online used vehicle market called CarBravo.

Reuters

Related News

Name Price/Vol %Chg/NChg
KSE100 136,169.64
0.74M
0.17%
229.76
ALLSHR 84,737.89
4.09M
0.16%
137.51
KSE30 41,429.60
0.09M
0.14%
55.92
KMI30 191,209.65
0.09M
0.07%
139.67
KMIALLSHR 55,749.32
1.48M
0.02%
11.25
BKTi 38,492.68
0.01M
0.01%
2.93
OGTi 27,758.01
0.01M
-0.11%
-30.14
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,720.00 118,465.00
117,255.00
980.00
0.84%
BRENT CRUDE 68.86 69.09
68.81
0.15
0.22%
RICHARDS BAY COAL MONTHLY 96.50 96.50
96.50
0.50
0.52%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.25
-2.05
-1.92%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.79 67.00
66.73
0.27
0.41%
SUGAR #11 WORLD 16.56 16.61
16.25
0.26
1.60%

Chart of the Day


Latest News
July 16, 2025 at 06:18 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 15, 2025 at 05:46 PM GMT+05:00

Labubu Mania drives Pop Mart’s profit surge


July 15, 2025 at 05:22 PM GMT+05:00

Big industry output rises 2.29% in May



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg