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GM Renews Software Contract with Siemens

Siemens AG's Siemens PLM Software unit will continue to supply its NX product development software to General Motors Co. under a new contract extension, Automotive News reports.
#Siemens #Chrysler #Hyundai

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Siemens AG's Siemens PLM Software unit will continue to supply its NX product development software to General Motors Co. under a new contract extension, Automotive News reports.

The newspaper didn't cite its sources but says GM Vice Chairman Tom Stephens confirmed the deal without revealing its duration or value. Analysts estimate GM has agreed to a five-year contract to buy $350 to $400 million of software.

Rival Dassault Systemes reportedly made a run at GM after losing some of its business with Daimler AG and Chrysler Group LLC to Siemens last year. Fiat SpA, which owns 25% of the Detroit automaker, spurred the Chrysler switch so the two companies would use the same NX development tools.

Paris-based Dassault still has contracts to supply its CATIA software to BMW, Honda, Hyundai-Kia and Toyota, AN says. Ford works with both Dassault and Siemens.

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