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NewsGM's Dan Ammann takes over as CEO of Cruise Automation

21:55  30 november  2018
21:55  30 november  2018 Source:   cnet.com

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GM Cruise LLC, commonly referred to as Cruise or Cruise Automation , is an American driverless car company headquartered in San Francisco, California.

General Motors ' ( GM ) President, Dan Ammann , is taking the reins as CEO of Cruise Automation . The executive shuffle was described as the "next step" in commercializing Cruise ' s technology. Ammann and other Cruise executives have said previously that the company plans to

GM's Dan Ammann takes over as CEO of Cruise Automation© CNET GM President Dan Ammann has been named CEO of Cruise Automation, a company whose acquisition by GM he spearheaded in 2016.

The business of developing self-driving cars is booming, and if you want proof of that, look no further than Cruise Automation's Thursday announcement that it has appointed GM President Dan Ammann as its new CEO. Company founder Kyle Vogt will work alongside Ammann as Cruise's chief technology officer and president beginning on Jan. 1, 2019.

Dan Ammann led the charge in General Motors' acquisition of Cruise back in 2016 and was the company's lead point of contact at GM. Since his appointment to president at GM, Ammann has been in charge of GM Financial and was instrumental in the sale of Opel to the PSA Group.

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Ammann will step down as GM ’ s president, a role he’s held since January 2014. Kyle Vogt, a Cruise co-founder who was CEO and also unofficially The changes take effect January 1, 2019. The executive level shuffling makes sense for Cruise , which has transformed from a small startup with 40

General Motors and Cruise Automation are focused on bringing that future to life. State-of-the-art software and hardware paired with over 100 years of automotive engineering make us uniquely positioned to create the world’ s first scalable AV fleet.

"These appointments further demonstrate our commitment to transforming mobility through the safe deployment of self-driving technology and move us closer to our vision for a future with zero crashes, zero emissions and zero congestion," said Mary Barra, GM chairperson and CEO. "As we move toward commercial deployment, adding Dan to the strong team led by Kyle is the next step."

Cruise also recently received a $2.75 billion investment from Honda and Japanese investment group, Softbank. The company is currently sitting on a $14.6 billion valuation.

This was originally published on Roadshow.

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General Motors said Thursday that its president, Dan Ammann , would take on a new role as chief executive of Cruise , the G . M . division working to develop and commercialize self-driving cars. The Cruise unit was formed when G . M . acquired Cruise Automation , a San Francisco-based start-up

GM President Dan Ammann Taking the Reins at Cruise Automation TheStreet19:13. GM ’ s Shakeups Continue: President Dan Ammann Becomes CEO Of Cruise Self-Driving Unit Forbes19:01. GM President Dan Ammann taking over as CEO of Cruise autonomous unit CNBC18:20. more.

Read more research on the latest autonomous car tech on MSN Autos | Follow MSN Autos on Facebook and Twitter

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