Choose your poison

29 November 2018 By Antony Currie Follow @AntonyMCurrie

The $52 bln carmaker’s second-in-command Dan Ammann is taking the wheel at Cruise, the unit that makes self-driving vehicles. The ex-Wall Streeter is the right person to whip it into shape and prepare for a possible IPO. But GM boss Mary Barra is losing her chief problem solver.

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General Motors on Nov. 29 said President Dan Ammann is to become the chief executive of its autonomous-vehicle unit, Cruise. Kyle Vogt, the division’s current boss and one of its founders, will become president and chief technology officer. Ammann starts his new role on Jan. 1.

GM owns 74 percent of Cruise, having sold a 20 percent stake to SoftBank in May and 6 percent last month to Honda.

GM is not replacing Ammann as second-in-command. Instead, GM Financial and GM’s global regions will now report directly to overall Chief Executive Mary Barra.

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