Layoffs signal that a company is changing strategies, pulling back … maybe the market demand is not there that had been anticipated.In the wake of General Motors’ latest corporate actions, is it fair to say that the road ahead for connected cars — and by extension, connected car commerce — may be bumpy?Given the spate of partnerships, the emergence of artificial intelligence (AI), the apps and the voice assistants, the road ahead is long and winding. As widely reported this week, General Motors laid off ove ...

In this articleGM2024 Sierra EV Denali Edition 1Source: General MotorsMILFORD, Mich. — General Motors' premium GMC brand wants to become the leader in all-electric truck sales for U.S. consumers as it launches its new electric Sierra pickup.The Sierra EV joins electric versions of the Hummer, including an SUV and pickup, in GMC's electric "truck" lineup. The automaker is expecting the Sierra will become GMC's top seller for its EV lineup as lower-priced variants become available next year. A roughly $100,00 ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

General Motors said Monday it is laying off more than 1,000 salaried employees at its software and service units worldwide.GM, confirming the layoffs initially reported by CNBC, said in a statement that “as we build GM’s future, we must simplify for speed and excellence, make bold choices, and prioritize the investments that will have the greatest impact.”CNBC said the job cuts include roughly 600 jobs at GM’s tech campus near Detroit. GM, which said about half of the cuts are in the United States, said the ...

General Motors is laying off staff in the company's software and services division. The layoffs affect 600 employees in Warren, Michigan, where GM has its Global Technical Center. The automaker didn't specify the overall number affected by the cuts. CNBC reported on Monday that the layoffs will impact a total of more than 1,000 workers within the automaker’s software and services unit. They are global in nature.GM said the company "must simplify for speed and excellence, make bold choices, and prioritize th ...

General Motors is cutting around 1,000 software workers around the world in a bid to focus on more “high-priority” initiatives like improving its Super Cruise driver assistance system, the quality of its infotainment platform and exploring the use of AI.The job cuts are not about cost cutting or individual performance, GM spokesperson Stuart Fowle told TechCrunch. Rather, they are meant to help the company move more quickly as it tries to compete in the world of “software-defined vehicles.” For example, F ...

DETROIT — General Motors is expanding its high-end GMC Yukon lineup to include a new "AT4 Ultimate" model as part of updates to the large SUV for the 2025 model year.The new model will slate in between the luxury "Denali" and "Denali Ultimate" models. The automaker declined to discuss pricing for the new AT4 Ultimate, but the Denali models currently start at roughly $77,300 and just under $100,000, respectively. The current AT4 model starts at $73,500.Denali models, now in their 25th year, have become a cas ...

A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan. - General Motors will create 4,000 new jobs and retaining 1,000, and significantly increasing battery cell and electric truck manufacturing capacity.DETROIT – General Motors is laying off more than 1,000 salaried employees globally in its software and services division following a review to streamline the unit's operations, CNBC has learned.The layoffs, including roughly 600 jobs at GM's tech campus near Detroit, come le ...

DUBAI, United Arab Emirates, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Qlik®, a global leader in data integration, analytics, and artificial intelligence (AI), today announced the appointment of Tejas Mehta as Senior Vice President and General Manager, Middle East and Africa. This strategic move underscores Qlik’s commitment to accelerating growth and innovation in MEA, a region poised to lead in the adoption of AI. The Middle East and Africa is one of the fastest growing regions within Qlik's EMEA operations. Qlik ...

NETANYA, Israel, Aug. 16, 2024 /PRNewswire/ -- Cellcom Israel Ltd. (TASE: CEL) (the "Company") announces that the Meeting will convene on Sunday, September 22, 2024, at 15:00 p.m. (Israel time), at the offices of the Company, 10 Ha'gavish Street, Netanya, Israel. An adjourned Meeting, if required, will be held on Sunday, September 29, 2024, at the same time and at the same place. The record date for the Meeting is Thursday, August 22, 2024.The Agenda of the MeetingApprove the compensation of Mr. Eli Adadi, ...