General Motors Stock Slides On Cruise CEO Dan Ammann Sudden Exit

Normal Motors  (GM) – Get Typical Motors Business Report shares slumped reduced Friday soon after the carmaker dropped a important executive in its self-driving car subsidiary.

GM stated late Thursday that Cruise CEO Dan Ammann would be stepping down from its vast majority-owned division immediately, with CTO Kyle Vogt tabbed as his interim alternative. 

Cruise, which is shut to receiving permits to function its self-driving taxis in San Francisco, was not too long ago touted by GM CEO Mary Barra as getting the possible to deliver $50 billion in revenues more than the subsequent six a long time.

Resource hyperlink