Cruise CEO Kyle Vogt resigns from GM-owned robotaxi unit
Publishing timestamp: 2023-11-20 11:10:31
Summary
Kyle Vogt, the co-founder and CEO of Cruise, the autonomous vehicle venture owned by General Motors, has resigned from his role. Mo Elshenawy, the former executive vice president of engineering at Cruise, will now serve as president and CTO. Vogt's resignation follows a series of missteps by Cruise, including a voluntary recall and suspension of vehicle operations on public roads. The company has faced criticism from regulators and the public for its handling of incidents involving its self-driving cars.
Sentiment: NEGATIVE
Tickers: WMT, GM, 7267.T-JP, MSFT,
Keywords: mary barra, autos, general motors co, microsoft corp, breaking news: markets, honda motor co ltd, walmart inc, technology, business news,
Source: https://www.cnbc.com/2023/11/20/gm-owned-robotaxi-unit-cruise-ceo-and-founder-kyle-vogt-resigns.html