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GM announces Cruise CEO Dan Ammann is stepping down

Dan Ammann, the CEO of Cruise, the autonomous car firm that is a completely owned subsidiary of Common Motors, is stepping down, the automaker announced late Thursday. Kyle Vogt, the co-founder of Cruise and its chief know-how officer, will take over as interim CEO.

Ammann is the newest CEO of an AV firm to step apart because the trade struggles to satisfy its own over-inflated expectations about the way forward for driverless automobiles. Earlier this yr, John Krafcik announced that he was stepping down as CEO of Waymo after serving to lead the corporate since 2015.

GM didn’t present a motive for Ammann’s departure besides to say he was leaving to “pursue different alternatives.” A spokesperson for Cruise declined to supply any further remark.

GM acquired Cruise in 2016 to hurry up its self-driving automotive growth program. Ammann, who was then the president of GM, oversaw the acquisition and later assumed the position of CEO of the corporate.

In 2020, he presided over the rollout of the Origin, the corporate’s first purpose-built autonomous car. Underneath his management, the corporate acquired rival AV startup Voyage and raised sufficient funding to convey its valuation as much as $30 billion. And earlier this yr, he outlined a plan to scale up Cruise’s fleet to 1 million autos by 2030.

However Ammann additionally oversaw some setbacks, most noticeably the choice to delay a planned launch of a robotaxi service in San Francisco in 2019. The corporate has but to decide to a brand new date however has implied it will likely be in 2022.

“GM is deeply dedicated to its imaginative and prescient of zero crashes, zero emissions, zero congestion, and AV know-how will play a crucial position in realizing it,” GM stated in an announcement. “Underneath GM’s possession thus far, Cruise has seized the management place in industrial autonomous ridesharing and has created important worth for each GM shareholders and Cruise’s minority shareholders.”

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