Some time back on this blog we had an post on the EDS ...GM deal, Business2.0 is carrying an article on the IT spend of GM.

Ralph Szygenda, GM's chief information officer, announced the winners of a two-year bidding process for the automaker's $3 billion a year tech budget. EDS (Research), which today manages the bulk of GM's technology infrastructure, lost about a third of its current $2 billion-a-year business but expects to continue to receive more than half of GM's tech dollars, according to an EDS statement.

Hewlett-Packard (Research) and Capgemini increased their share of GM's budget, while Compuware (Research), IBM (Research), and Wipro saw their share stay steady

Szygenda had said that cost savings were not the primary goal of the contract award, but today, he announced that GM would cut its budget from the current $3 billion as a result of the new contracts, making the final value less than $15 billion.Szygenda told Business 2.0 that he's setting aside $2.5 billion to $3 billion to spend on startups with new technology.

Source: Business2.0Prashanth RaiTag(s):ITES