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WE: General Motors and Cruise Take the Next Step in the Commercialization of Autonomous Vehicle Technology with the Appointment of Dan Ammann as CEO of Cruise. Kyle Vogt, Co-founder of Cruise, will partner with Ammann to set a strategic direction for the company and will lead the technology development as President and Chief Technology Officer of Cruise. Appointments are effective January 1, 2019.
Under Vogt's leadership, Cruise has become a leader in autonomous vehicle technology, growing from 40 employees to more than 1,000. San Francisco headquarters and recently announced an additional expansion of 100 to 200 employees in Seattle. With the recent investments of SoftBank and Honda, the valuation of Cruise quickly reached $ 14.6 billion.
"These appointments further demonstrate our commitment to transforming mobility through the secure deployment of self-driving technologies and bringing us closer to our vision of a future without accidents, emissions and congestion," said the President. and the general manager of GM. Mary Barra. "As we move toward a commercial rollout, adding Dan to the strong team led by Kyle is the next step."
As President of GM, Ammann led the acquisition of Cruise in 2016 and, among his other global responsibilities, oversaw GM's relationship with Cruise. He knows the business and technology of Cruise and his team very well.
"I am delighted to devote 100% of my time and energy to helping Kyle and the entire team accomplish our mission of deploying this technology on a large scale," said Ammann.
"Dan has been my partner since the initial investment of General Motors in Cruise and I am delighted that he has agreed to join us full time," said Vogt. "With his deep understanding of our mission and operational expertise, Dan is the perfect partner to bring Cruise to commercial deployment."
With the appointment of Ammann, GM's global regions and GM Financial will now report directly to Mary Barra.
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