Suggesting Finance
No Result
View All Result
  • Login
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
Subscribe For Alerts
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
No Result
View All Result
Suggesting Finance
No Result
View All Result
Home Economy

GM’s Cruise CEO Kyle Vogt resigns from company

News Room by News Room
November 20, 2023
Reading Time: 3 mins read
0
GM’s Cruise CEO Kyle Vogt resigns from company

The CEO of General Motors’ self-driving vehicle company Cruise has announced his resignation just weeks after the company shuttered operations of its fleet to review safety procedures. 

Kyle Vogt wrote on X that “the last 10 years have been amazing, and I’m grateful to everyone who helped Cruise along the way. The startup I launched in my garage has given over 250,000 driverless rides across several cities, with each ride inspiring people with a small taste of the future.”

“Cruise is still just getting started, and I believe it has a great future ahead. The folks at Cruise are brilliant, driven, and resilient,” he continued. “They’re executing on a solid, multi-year roadmap and an exciting product vision. I’m thrilled to see what Cruise has in store next!”

The announcement comes after Cruise said in late October that it is pausing operations of its driverless fleet throughout the U.S. following a suspension by the state of California. 

GM TO HALT PRODUCTION OF CRUISE DRIVERLESS VAN 

“The most important thing for us right now is to take steps to rebuild public trust,” Cruise said in a post on X at the time. “Part of this involves taking a hard look inwards at how we do work at Cruise, even if it means doing things that are uncomfortable or difficult.” 

“In that spirit, we have decided to proactively pause driverless operations across all of our fleets while we take time to examine our processes, systems, and tools and reflect on how we can operate in a way that will earn public trust,” the company added. 

Stocks In This Article:

Cruise was hit with an indefinite suspension by the California DMV covering both its testing and deployment permits for autonomous robotaxis. The suspension in the state came during an ongoing investigation into an incident involving one of the vehicles in October.  

CRUISE PAUSES DRIVERLESS VEHICLE OPERATIONS ACROSS US DURING SAFETY INVESTIGATION 

A driverless Cruise sits in the intersection after allegedly colliding with a firetruck

The National Highway Traffic Safety Administration also launched a separate safety probe of the autonomous driving system in Cruise’s vehicles in December following a pair of rear-end crashes. The agency said the vehicles “may engage in inappropriately hard braking or become immobilized.” 

Cruise then announced two weeks ago that it plans to stop production of its Cruise Origin van, with a GM spokesperson telling Reuters that “we are finishing production on a small number of pre-commercial vehicles and after that, plan to temporarily pause production.” 

A driverless Cruise sits in the intersection after allegedly colliding with a firetruck

        

Vogt said in his resignation announcement that “the status quo on our roads sucks, but together we’ve proven there is something far better around the corner” and that he is planning to now spend time with his family and “explore some new ideas.” 

FOX Business’ Eric Revell contributed to this report. 

Read the full article here

ShareTweetSendSend

Related Posts

Small businesses report record monthly surge in price increases as inflation pressure mounts
Economy

Small businesses report record monthly surge in price increases as inflation pressure mounts

December 25, 2025
GoFundMe increasingly being used to fundraise for basic economic needs like food, housing
Economy

GoFundMe increasingly being used to fundraise for basic economic needs like food, housing

December 24, 2025
Fed cuts interest rates for third straight time amid uncertainty over labor market, inflation
Economy

Fed cuts interest rates for third straight time amid uncertainty over labor market, inflation

December 23, 2025
Fed delivers third straight rate cut but 'dot plot' projects just one cut in 2026
Economy

Fed delivers third straight rate cut but 'dot plot' projects just one cut in 2026

December 22, 2025
Disney announces major OpenAI deal, includes $1B equity investment, use of characters on Sora video platform
Economy

Disney announces major OpenAI deal, includes $1B equity investment, use of characters on Sora video platform

December 21, 2025
‘This place will win’: Business leaders say West Palm Beach is becoming America’s next big boomtown
Economy

‘This place will win’: Business leaders say West Palm Beach is becoming America’s next big boomtown

December 20, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Suggesting Finance

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Visit our landing page to see all features & demos.

LEARN MORE »

Recent Posts

  • Mortgage rates fall ahead of Christmas holiday
  • Small businesses report record monthly surge in price increases as inflation pressure mounts
  • Treasury Department announces expanded HSA tax benefits under Trump law

Categories

  • Banking
  • Business
  • Credit Cards
  • Crypto
  • Economy
  • Finance
  • Investing
  • Loans
  • Markets
  • Mortgage
  • Real Estate
  • Saving
  • Taxes
  • Uncategorized
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

© 2023 Suggesting Finance. All Rights Reserved.

No Result
View All Result
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto

© 2023 Suggesting Finance. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.