General Motors invents 8,000 new tech hires to drive EV targets

General Motors invents 8,000 new tech hires to drive EV targets

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

General Motors Co said on Wednesday it would recruit in excess of 8,000 new technical staff this year, as the U.S. automaker speeds up its development of electric vehicles and software-driven services. The organization said it is growing crews that electrify cars, foster vehicle software and autonomous technology and engineer fuel cells. GM’s declaration comes simply a day after the organization divulged a US$7 billion investment plan in Michigan, predominantly toward making standard size electric pickups, intensifying a fight with rival Ford Motor for EV supremacy in North America.

It will also have to contend with current EV leader Tesla, which will soon open a second US 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.

Global funds have poured $2.7 billion into Thai debt in January so far, on pace for the highest monthly inflow since June 2016, and mostly into short-dated bonds.

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