Hyperdrive
Cruise CEO Dan Ammann Leaves GM’s Self-Driving Car Unit
- Shares of GM fall in postmarket trading following shake-up
- Ammann departs ahead of plans for San Francisco service debut
Dan Ammann
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Cruise LLC, the autonomous-vehicle startup majority owned by General Motors Co., said Chief Executive Officer Dan Ammann is leaving the company, just as it’s on the verge of starting a commercial service with self-driving cars.
GM gave no reason for the departure of Ammann, who was president of the Detroit-based automaker before taking over the startup in 2019. GM’s stock extended declines, falling 2.7% to $56.80 in postmarket trading after slipping less than 1% during the regular session.