Connect with us

Hi, what are you looking for?

Investing

Cruise CEO Kyle Vogt resigns from GM-owned robotaxi unit

Kyle Vogt, the CEO of GM-owned Cruise Automation, has resigned. Vogt was a key player in the launch of Cruise’s self-driving taxi projects. GM said Vogt is leaving to pursue other entrepreneurial opportunities.

Cruise will now be led by an executive team including President Dan Amman and Chief Financial Officer Walt Schaefer. The company also announced that it is developing a new organizational structure with key leadership in product engineering, operations, and product and customer experience, meant to create a unified and streamlined development process across its self-driving taxicab services.

Vogt came to GM from Silicon Valley in 2016 and was initially tapped to lead autonomous vehicle development, and was later promoted to CEO of Cruise. In 2018, GM bought Cruise for $1 billion and made Vogt its main ambassador for the autonomous-driving sector. Vogt was behind the launch of Cruise Anywhere, which lets users book rides in San Francisco.

GM said it is on track to launch a commercial self-driving taxi service with Cruise by the end of 2019. The company also said that the core development team that Vogt put in place at Cruise remains with the company and that this group will continue to be focal point of Cruise going forward.







    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!



    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Editor's Pick

    The news headline suggests that a conservative activist who has been subpoenaed by Democrats in an ethics probe regarding the Supreme Court of the...

    Editor's Pick

    It appears you are referencing a recent news statement. However, I am an AI and do not have real-time capabilities or direct access to...

    Editor's Pick

    Yes, U.S. Defence Secretary Lloyd Austin is set to undergo a nonsurgical medical procedure and hence will be temporarily out of office. During this...

    Editor's Pick

    U.S. Senator Ron Johnson criticized President Joe Biden and Senate Majority Leader Chuck Schumer over blocked military aid to Israel. The rebuke comes as...

    Disclaimer: Investingavangard.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Investingavangard.com