General Motors Overview
General Motors designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. Established in 2008, the GM Technical Center Israel is home to GM’s activities in Israel, including Research & Development, Engineering and GM Ventures’ regional investment activities. The center currently employs over 750 researchers, developers and engineers working on innovative technologies contributing to GM’s future mobility vision. The primary focus is on the development of machine learning algorithms, complex systems (involving software and hardware) and user facing applications for autonomous, electric & connected vehicles.
Latest News
growth-positive
This Week In Electric Vehicles - Nayax Partners With ChargeSmart To Advance Payment Solutions
Nayax Ltd. has entered into a strategic partnership with ChargeSmart EV, a growing EV charging network in the U.S., to enhance EV charging infrastructure. Nayax will be the preferred provider of cashless payment solutions, integrating its eCommerce SDK payment solution into ChargeSmarts mobile app. This collaboration aims to improve transaction reliability and convenience for EV drivers and operators as ChargeSmart expands its network. The partnership is expected to positively impact Nayax by positioning it as a key player in the EV charging market.
Partners
growth-positive
Amazon upgraded, Adobe downgraded: Wall Street’s top analyst calls
The article compiles recent research calls from Wall Street, highlighting upgrades and downgrades of various companies. Amazon.com received an upgrade from Wells Fargo, which increased its price target due to anticipated revenue acceleration in Amazon Web Services. ServiceNow was upgraded by Morgan Stanley, citing its potential in delivering generative AI capabilities. General Motors, Quanta Services, and OpenText also received upgrades. Conversely, Adobe, Keurig Dr Pepper, Bloom Energy, Knight-Swift, and Arvinas were downgraded by different firms due to various concerns, including revenue deceleration and market uncertainties.
Honda cancels vehicle to be built at GM's Spring Hill plant
GM plans shift shutdowns at plants that produce electric vehicles
growth-negative
Commentary: Trump’s trade war is hurting most sectors of the economy
The article discusses the negative impact of President Trumps tariffs on various sectors of the US economy, particularly highlighting the effects on companies within the S&P 500 index. It notes that tariffs have significantly increased costs for businesses, leading to reduced profits and price hikes. General Motors, for example, reported a $1.1 billion hit to profits in the second quarter due to tariffs. Other companies like Ford, Home Depot, and Walmart also face similar challenges, with increased costs and reduced profit margins. The article emphasizes the widespread economic damage caused by the tariffs, affecting both businesses and consumers.
Customers
Team Members
1
Employees: 500+
Web & Social Links
| Website | search-careers.gm.com/en/locations/israel/ |
Locations
Arye Shenkar St 13, Herzliya, Israel
Detroit, MI, USA
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General Motors News
37 articles
growth-positive
This Week In Electric Vehicles - Nayax Partners With ChargeSmart To Advance Payment Solutions
Nayax Ltd. has entered into a strategic partnership with ChargeSmart EV, a growing EV charging network in the U.S., to enhance EV charging infrastructure. Nayax will be the preferred provider of cashless payment solutions, integrating its eCommerce SDK payment solution into ChargeSmarts mobile app. This collaboration aims to improve transaction reliability and convenience for EV drivers and operators as ChargeSmart expands its network. The partnership is expected to positively impact Nayax by positioning it as a key player in the EV charging market.
Partners
growth-positive
Amazon upgraded, Adobe downgraded: Wall Street’s top analyst calls
The article compiles recent research calls from Wall Street, highlighting upgrades and downgrades of various companies. Amazon.com received an upgrade from Wells Fargo, which increased its price target due to anticipated revenue acceleration in Amazon Web Services. ServiceNow was upgraded by Morgan Stanley, citing its potential in delivering generative AI capabilities. General Motors, Quanta Services, and OpenText also received upgrades. Conversely, Adobe, Keurig Dr Pepper, Bloom Energy, Knight-Swift, and Arvinas were downgraded by different firms due to various concerns, including revenue deceleration and market uncertainties.
Honda cancels vehicle to be built at GM's Spring Hill plant
GM plans shift shutdowns at plants that produce electric vehicles
growth-negative
Commentary: Trump’s trade war is hurting most sectors of the economy
The article discusses the negative impact of President Trumps tariffs on various sectors of the US economy, particularly highlighting the effects on companies within the S&P 500 index. It notes that tariffs have significantly increased costs for businesses, leading to reduced profits and price hikes. General Motors, for example, reported a $1.1 billion hit to profits in the second quarter due to tariffs. Other companies like Ford, Home Depot, and Walmart also face similar challenges, with increased costs and reduced profit margins. The article emphasizes the widespread economic damage caused by the tariffs, affecting both businesses and consumers.
Customers
growth-negative
Mike Pence Calls For 'Free Trade With Free Nations' And Says Tariffs Ultimately Hurt U.S. Businesses And Shoppers
The article discusses former Vice President Mike Pences criticism of President Donald Trumps tariff policies, highlighting their negative impact on American manufacturers like Ford Motor. Ford reported paying $800 million in tariff costs during Q2, leading to its first quarterly loss since 2023 and estimating a $3 billion reduction in annual profits. The tariffs have also affected General Motors, which lost over $1 billion in the same quarter. Pence argues that tariffs are taxes paid by American businesses and consumers, and he advocates for free trade with allied nations. Ford CEO Jim Farley is in talks with the Trump administration to address the tariff-related disadvantages.
Customers
growth-negative
Trump Aims Tariff Double Whammy at Industries, Nations by Aug. 1
The article discusses President Donald Trumps plans to implement industry-specific tariffs alongside country-specific duties, aiming to reshape the USs global trade standing. A 50% duty on copper is expected to be announced soon, with potential tariffs on pharmaceuticals, semiconductors, lumber, chips, critical minerals, and drugs to follow. These tariffs, under Section 232 of the Trade Expansion Act, are justified on national security grounds. The European Union, Japan, and India are attempting to negotiate lower rates. The financial markets view Trumps tariff strategy as a negotiating tactic rather than a long-term economic threat.
growth-positive
Gauzy, in Collaboration with Research Frontiers, Announces Its SPD Smart Glass in Serial Production for GM’s Cadillac CELESTIQ, Now Being Delivered to Customers
Gauzy Ltd. has achieved a significant milestone with the first customer delivery of General Motors Cadillac CELESTIQ, featuring Gauzys SPD smart glass technology. This marks a major step in the companys collaboration with GM and Research Frontiers, showcasing the industrys largest multi-zone dimmable roof in a production vehicle. The SPD technology enhances passenger comfort and supports electric vehicle performance by reducing energy consumption. Gauzys scalable smart materials platform provides OEMs with a competitive edge in performance and sustainability, positioning the company as a leader in advanced smart materials for the automotive sector.
Product StageCustomersPartners
growth-positive
Strength Seen in Gauzy Ltd. (GAUZ): Can Its 9.4% Jump Turn into More Strength?
Gauzy Ltd. experienced a 9.4% increase in its stock price, closing at $6.51, driven by high trading volume. The company is seeing strong demand for its smart glass and safety technologies, supported by strategic partnerships with major automakers like General Motors and Mercedes-Benz. A significant milestone was achieved with the first delivery of General Motors’ Cadillac CELESTIQ featuring Gauzys SPD smart glass technology. Despite an expected quarterly loss of $0.40 per share, revenues are projected to rise by 18.6% to $28.96 million. The stock carries a Zacks Rank #2 (Buy), indicating positive growth potential.
CustomersPartners
growth-positive
Auto stocks, Applied Digital-CoreWeave deal, solar stocks fall
In a recent market update, Yahoo Finance highlighted several key market movements, including the impact of President Trumps proposed tariffs on steel imports, which affected automakers like Ford and General Motors. Applied Digital saw a positive market reaction after announcing a significant partnership with CoreWeave to lease AI data centers, expected to generate approximately $7 billion in revenue over 15 years. Meanwhile, clean energy stocks declined following the cancellation of $3.7 billion in grants by the energy department. The article underscores the ongoing trade tensions between the US and China, which continue to influence market dynamics.
Partners
growth-positive
Charged: Tesla to restart shipping Chinese parts for U.S. production
The article discusses Teslas plans to resume shipping components from China to the U.S. for the production of Cybercab and Semi trucks after a truce over tariffs. Teslas board is exploring a new pay package for CEO Elon Musk, which could include stock options. Morgan Stanley highlights the challenges in valuing Tesla, noting that its core auto business is valued between $50 and $100 per share. The firm forecasts Teslas installed base to reach 50 million units by the mid-2030s, with significant revenue potential from autonomy and other services. Teslas energy storage business is noted as its fastest-growing segment. The article suggests a positive growth outlook for Tesla.
Product StageManagement Changes
growth-negative
טלטלה במרכז הפיתוח הישראלי של ג'נרל מוטורס: יותר מ-200 עובדים יפוטרו
General Motors (GM) is undergoing significant changes at its development center in Herzliya, Israel, resulting in the layoff of approximately 200 employees, about a third of the workforce. This is attributed to the merger of its autonomous vehicle subsidiary, Cruise, into GM, leading to a shift in focus towards software development and away from visual data processing for autonomous vehicles. The merger has created redundancies, prompting the layoffs. This is the second round of layoffs at the center in recent times. Despite the reductions, GM emphasizes the continued importance of the Israeli center in developing advanced capabilities for electric and connected autonomous vehicles.
LayoffsAcquired-byManagement Changes
growth-positive
Apple Selling Corporate Bonds For the First Time Since 2023
Apple Inc. is planning to sell investment-grade bonds, marking its first corporate bond sale in two years. The company aims to issue debt in up to four parts, with the longest portion being a 10-year note priced at 0.7 percentage points above Treasuries. This bond sale is part of a larger trend, with expectations of $35 billion to $40 billion in new issuances from industrial and technology firms. Barclays Plc, Bank of America Corp., Goldman Sachs Group Inc., and JPMorgan Chase & Co. are managing the bond sale. The event is expected to take place on Monday.
PIPE/PO
Growth-negative
GM lays off dozens in Israel as part of worldwide job cuts | CTech
General Motors (GM) is laying off dozens of employees in Israel as part of a global workforce reduction, cutting approximately 1,000 jobs in the software and services sector. The layoffs will occur worldwide, with a significant portion in Detroit. The layoffs represent less than 1.3% of GMs total workforce of 76,000. Despite the layoffs, GMs Israeli center continues to recruit for algorithm and software development roles. Last month, GM Ventures, GMs investment arm, led a $39 million Series B round in Israeli auto-tech company Addionics.
LayoffsInvestment
growth-negative
ג'נרל מוטורס מפטרת עשרות עובדים בישראל
General Motors is laying off dozens of employees in Israel as part of a global restructuring process. The layoffs are taking place at the companys development center in Herzliya, which employs over 800 developers. The center, which was established in 2008, is involved in the development of new technologies for future vehicles, including artificial intelligence for driving analysis, advanced cameras, and machine learning. The company stated that the layoffs are part of a global process aimed at enabling the organization to develop advanced systems for future electric, autonomous, and connected vehicles.
Layoffs
GM Targets Tesla With Self Driving. Here’s How.
growth-negative
Tesla, EV Investors Face a Reckoning
The electric vehicle (EV) boom is starting to falter with waning demand for electric cars. Tesla, General Motors, Mercedes-Benz, Honda, and Hertz have all reported slower than anticipated EV sales. This shift has been sobering for investors, as the valuations of most EV stocks assume a rapid industry expansion. If this fails to materialize, share prices will likely unwind and many startups won’t be able to rely on the capital markets to fund their unprofitable ventures. Tesla shares are down 14% since reporting results on Oct. 18, and Rivian and Lucid have both retreated over 10% in the wake.
CustomersPartners
Growth-Negative
GM Removes Guidance After UAW Strike Muddies Profit Outlook
General Motors (GM) has withdrawn its profit forecast for the year due to the ongoing United Auto Workers (UAW) strike, which has made the companys financial future unpredictable. The strike has cost GM about $800 million so far, with additional costs of $200 million expected each week. Despite this, GM reported better-than-expected Q3 results, with an adjusted profit of $2.28 per share and revenue of $44.1 billion. However, the companys net income fell by $241 million to $3.1 billion compared to the same period last year, largely due to strike costs. GM is also delaying the opening of its electric pickup truck plant in Michigan until 2025 due to slower-than-expected sales of electric vehicles.
CustomersManagement ChangesLayoffs
growth-negative
UAW Foregoes Strike Expansion as President Sees ‘More to Be Won’
United Auto Workers President Shawn Fain has indicated that he is close to a deal with all three unionized automakers - General Motors Co., Stellantis NV, and Ford Motor Co. However, he warned that more strikes may be needed to pressure the companies into final concessions. The union has 23% raises on the table from all three automakers but is now looking for a 25% wage increase. It is also pressing the companies for better retirement benefits, job security measures, and to add future battery plant workers to the contract. Fain urged all members to be ready to walk out to press management for some final gains.
Management ChangesCustomers
Growth-Negative
GM cancels Nov. 16 investor day, will move to next year
Shares of Tesla and other electric vehicle (EV) manufacturers fell after Tesla CEO Elon Musk warned that high interest rates could reduce consumer demand. Teslas shares dropped more than 9%, resulting in a loss of about $70 billion in market value. Musks comments marked a shift from his previous stance that Tesla was recession-resilient. Other EV manufacturers, including General Motors and Ford, have also expressed concerns about demand and have delayed production. EV startup Lucid reported a nearly 30% drop in third-quarter production, and Rivian, backed by Amazon, disappointed investors by not increasing its full-year production forecast.
CustomersManagement ChangesLayoffs
Canadian Auto Workers Go on Strike Against General Motors
Neutral
5 biggest headwinds holding the EV transition back
Yahoo Finances Autos Reporter Pras Subramanian discusses the challenges facing the widespread adoption of electric vehicles (EVs). He identifies three main factors: labor, demand, and the cost of materials. The ongoing UAW labor strikes are impacting the big three automakers as they invest billions in building out their EV facilities. Demand for EVs is steadily increasing but is still low, with EVs costing on average $18,000 more than gas-powered cars. The cost of materials is also a significant factor, with automakers having to pay for materials like lithium, cobalt, and nickel in large quantities.
CustomersInvestment
Growth-negative
Israel-Hamas War, U.S. senators in China, UAW strikes: The Rundown
The article discusses a range of global events, including a siege in Gaza, a US congressional delegations visit to China, and a strike by the United Auto Workers (UAW) that threatens to shut down General Motors (GM) Canadian auto plants. The UAW strike continues, with around 4,000 members at Mack Trucks going on strike after rejecting a tentative agreement. This has put GM in a difficult position, with a shutdown of its Canadian plants becoming increasingly likely as a key deadline approaches.
Layoffs
Growth-Negative
Unifor threatens union strike against GM, deadline looms
Canadian labor union Unifor is threatening to strike against General Motors (GM) if a deal is not reached by midnight on October 9. Unifor states that GM is refusing to match certain elements in the unions labor contract with Ford in Canada. The key sticking points include a 25% wage increase, COLA protection, cutting top pay wage progression time to four years, expanding benefits to GMs full-time temp workers, a universal healthcare allowance beyond what Canadas national system uses for retirees, and outlining future projects and hiring commitments. If no deal is reached, potentially 4,300 GM workers will go on strike.
CustomersLayoffs
UAW Talks Turn to Key Battleground: Jobs at Future Battery Plants
GM Hands UAW Big Win in Strike Standoff. What Comes Next.
UAW Forgoes Additional Walkouts for Now, Citing Progress in Talks
growth-positive
General Motors Acquires Battery Software Startup ALGOLiON
General Motors has acquired battery software startup ALGOLiON to enhance its leadership position in battery development. The acquisition was led by GMs Technology Acceleration and Commercialization organization. ALGOLiON has developed software that uses data streams from EV battery management systems to identify anomalies in cell performance and detect battery hazards. The software will help GM deliver high-performing electric vehicles. ALGOLiON employees will join GMs Technical Center in Israel. The acquisition is expected to accelerate the time-to-market of a cost-effective early hazard detection system for GMs customers worldwide.
Acquisition
growth-positive
החנייה החדשה של ה-Corvette: כך נראים המשרדים החדשים של מרכז הפיתוח הישראלי של GM | גיקטיים
General Motors Israel has moved to a new six-story building in Herzliya Pituach. The new office features a car lab, private cafe for employees, and fully stocked kitchens on each floor. The design of the office was intended to foster connectivity, creativity, and collaboration while also allowing for privacy. The company, which currently employs around 750 developers and researchers, continues to grow and work intensively on developing innovative capabilities for the automotive world.
Expand
growth-positive
GM's Technical Center is taking over an eight-story building in Herzliya
General Motors is expanding its activities in Israel by renting an eight-story building in Herzliya Pituach. The company will pay NIS 300 million (about $93 million) for ten years. The new offices will bring together the companys workforce currently scattered between three sites. GM is also negotiating the lease of additional space to accommodate more employees in the next two years. The expansion is in response to the global acceleration in electric and autonomous vehicles and the expected growth in the companys activity in Israel. The new building will include a designated area for advanced test vehicles and leisure spaces for employees well-being.
Expand
growth-positive
General Motors Competes With Google, Facebook Over Israeli Tech Workers, GM Exec Says
General Motors (GM) Advanced Technology Center in Israel has experienced significant growth, expanding from a 30-person team to 400 employees over a little over a decade. GM plans to hire around 100 more people in Israel in the coming years. The center focuses on developing algorithms for autonomous vehicles. GM is competing against tech giants like Facebook, Google, and Apple for computer science and electrical engineering graduates. Other automotive companies, including Ford, Renault, Nissan, Daimler AG, and Volkswagen Group, have also established a presence in Israel. GM operates experimental vehicles in Israel and is actively involved in the local autotech industry, making undisclosed investments and acquisitions.
CustomersPartnersInvestmentAcquisition
growth-positive
Disrupt internally, collaborate externally for better innovation
The article discusses General Motors approach to innovation and the importance of partnerships and acquisitions in driving growth. The company has established an open innovation system that involves supplier partners, universities, joint venture partnerships, and alliances. GM Ventures LLC, the companys venture capital arm, invests in growth-stage companies specializing in clean technology, infotainment, and advanced materials. GM has also partnered with Silicon Valley-based innovation incubator 500 Startups and acquired two California-based startup companies. In addition, GM has formed partnerships with Israeli startups and entrepreneurs, resulting in new business models and technology implemented in GM vehicles. The article emphasizes the need for an innovation-friendly environment supported by government initiatives and policies. GMs presence in Shanghai and Canada is highlighted as examples of successful collaboration between business and government.
PartnersInvestmentAcquisition
growth-positive
GM testing autonomous technologies on Cadillac cars on Israeli roads
General Motors is conducting trials on public roads in Israel of prototypes of Cadillacs with high-level autonomous driving systems. The trials are being carried out by General Motors development center in Israel, which is focused on developing technologies for electric and fully autonomous vehicles. The center is working on technologies such as connecting vehicles to 5G networks, wireless charging stations, and advanced sensors. The development center currently has 300 employees and is expected to continue growing. Mercedes-Benz is also bringing its prototypes to Israel for testing. Adi Ofek, CEO of Daimlers Israel development center, called for the simplification of the process of importing test vehicles and prototypes to Israel.
PartnersExpand
growth-positive
GM president made secret visit to Israel this month
General Motors president Dan Ammann visited the companys R&D center in Herzliya, Israel to explore the development of advanced technologies. The visit aligns with GMs focus on autonomous and electric cars, with plans to present its strategic plan for smart and autonomous vehicles. The company also intends to conduct advanced trials of autonomous electric cars in the US. GMs Israeli development center is expected to coordinate the companys global R&D activity in artificial intelligence. With nearly 200 employees, GM is expanding its activity in new areas such as robotics and machine vision. The company is ranked eighth on the Fortune 500 with over $140 billion in annual revenue.
CustomersExpand
growth-positive
Israeli tech inside GM's new line of self-driving cars
General Motors Israel showcased a prototype of GM’s new Chevrolet Bolt EV electric autonomous vehicle at a high-tech recruiting conference at the Tel Aviv Fairgrounds. The vehicles advanced sensor and data processors were developed at the Herzliya research-and-development center. The display coincided with GM’s announcement that it has completed production of 130 Chevrolet Bolt EV test vehicles at its Orion Assembly Plant in Michigan. These vehicles will join the more than 50 current-generation self-driving Bolt EVs already deployed in testing fleets in San Francisco; Scottsdale, Arizona; and metro Detroit.
CustomersExpand
growth-positive
Autonomous cars herald new era for Israeli high-tech
The article discusses the growing interest of global auto industry in Israel as it searches for new technologies. It highlights the transformation happening among Israeli businesses, positioning the country as an innovation center for the auto industry. The article mentions General Motors (GM) as the company that established an independent R&D center in Israel nine years ago. GM plans to substantially expand its operations in Israel, increasing the number of employees from 100 to 300 this year. The company aims to integrate the technologies developed in Israel into millions of GM vehicles worldwide. The article also mentions the potential future relationship between GM and MobilEye, one of GMs largest clients in machine vision and accident prevention technologies. Overall, the article has a growth-positive impact on General Motors.
PartnersInvestmentExpand
growth-positive
Israel Develops Technology Behind General Motors Smart Car
General Motors (GM) is developing technology for autonomous vehicles at its research and development facility in Israel. The technology includes smart sensing, vision imaging, human machine interface, wifi and 4G/LTE communications. The development of these technologies is driven by customer preference and demand. GMs director of Advanced Technical Center in Israel, Gil Golan, stated that to stay on top of the market, the company needs to be versatile. GM has seen sales growth, especially in the past year, after emerging from bankruptcy in 2009 to profitability in 2011, 2012, and 2013.
InvestmentExpand
General Motors Team
Employee Info
| Employees (range) | 500+ |
| Exact count | 798 |
| Team members | 1 |
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Admin Info
| Confidence | 79/100 |
| Missing | product stage, sector, business model, video or image, funding rounds, markets |
| BI Verification | Jenny Sotnik-Talisman |
| Crunchbase | general-motors |
| Creator | Yamila Silbert |
| Creator email | yamila.urwicz@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2022-10-24T00:00:00.000Z |
| Created | 2016-02-29T00:00:00.000Z |
| Status detail | Public on NYSE on Nov, 2010; |