GM announces Cruise CEO Dan Ammann is stepping down

Dan Ammann, the CEO of Cruise, the autonomous vehicle company that is a wholly owned subsidiary of General Motors, is stepping down, the automaker announced late Thursday. Kyle Vogt, the co-founder of Cruise and its chief technology officer, will take over as interim CEO.

Ammann is the latest CEO of an AV company to step aside as the industry struggles to meet its own over-inflated expectations about the future of driverless cars. Earlier this year, John Krafcik announced that he was stepping down as CEO of Waymo after helping lead the company since 2015.

GM didn’t provide a reason for Ammann’s departure except to say he was leaving to “pursue other opportunities.” A spokesperson for…

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