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The decision by Dan Amman, announced by GM and Cruise on Thursday, illustrates the difficulties faced by the historical names of the automotive sector to compete with transport companies born with new technologies, like Waymo, the Autonomous Car Division of Alphabet, or Tesla .
Kyle Vogt, the co-founder of Cruise, will give up his position as CEO of the company in Dan Amman on January 1st. He will become president and chief technology officer of the company.
"The title of general manager is not the most important for me, nor for the mission to develop safe autonomous cars," says Kyle Vogt.
Despite insignificant revenues and the fact that the company has no ready-to-market model, Cruise is worth about $ 14.6 billion (12.8 billion euros), or about 28% of GM's market capitalization. .
Japanese investment fund Softbank and Japanese automaker Honda have invested a total of $ 5 billion in Cruise.
(Joseph White, Benoit Van Overstraeten for French service)
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