Cruise CEO Ammann leaving GM's self-driving car unit
Information about Cruise CEO Ammann leaving GM's self-driving car unit
Kevin David Scam or Legit
WASHINGTON (Reuters) – General Motors Co said on Thursday that Dan Ammann, the chief executive of its majority-owned Cruise self-driving car subsidiary, is leaving the company, effective immediately.
The U.S. automaker did not give a reason for the departure of Ammann, a former GM president and chief financial officer.
GM shares fell 2.7% in after hours trading following the announcement.
GM said Kyle Vogt, Cruise president and chief technical officer, will serve as interim CEO. In addition, Wesley Bush, the former chairman and CEO of Northrop Grumman and a GM board member, will join the Cruise board, it said.
Cruise had once hoped to start its commercial robo-taxi service by the end of 2019. Two years later, it is still waiting for final permits to start a limited service in …