This new focus on IT innovation will be accomplished in a "really self-funded" way using savings generated by consolidating the data centers and automating "standard IT functions," Mott said.

The HP employees to be offered jobs are based in the U.S. and already support the automaker's business systems, Mott said.

Despite the loss of outsourcing agreements, HP will continue to have a major role at GM under the new agreement.

The contract calls for the expanded internal GM IT operation to rely on HP software, including the networking, operating and monitoring software in the IT Performance Suite.

GM also agreed to use HP's Enterprise Security Suite, and the data analytics and business intelligence software in the Vertica and Autonomy Software product lines.