General Motors Corp. (GM) said on Thursday it would outsource up to $15 billion of information technology work as it tries to cut costs and restructure operations.
Five-year contracts were given to Electronic Data Systems Corp. (EDS), Hewlett-Packard Co. (HP), International Business Machines Corp. (IBM), France's Cap Gemini, the Compuware Covisint unit of Compuware Corp., and India's Wipro Ltd.
About half of the $15 billion in five-year contracts were awarded on Thursday, GM said.
The world's largest automaker said the initiative was driven by the end of a deal with EDS that expired in June, 10 years after EDS was spun off from the No. 1 automaker.
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