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There goes Daniel Kan, co-founder and product chief at General Motors’ (NYSE:GM) self-driving unit Cruise, has thrown in the towel just one day after its CEO Kyle Vogt stepped down.
The Writing on the Wall
His departure adds insult to injury after Cruise already suspended operations, recalled vehicles, and stopped production of its autonomous vehicles (AVs) over safety concerns.
Kan said he was calling it quits in a Slack message seen by Reuters. No further details were shared.
In the message, Kan told employees that Cruise had been serving 10K rides per week before the disruption in its operations. “I know Cruise will achieve that again soon.”
Rough Seas Ahead
Cruise is under investigation by the National Highway Traffic Safety Administration following a hit-and-run incident in San Francisco, resulting in a Cruise AV dragging a pedestrian. California promptly suspended the firm’s licenses.
GM (GM) CEO Mary Barra seemed to downplay the setbacks at Cruise, leaving many questions unanswered about the company’s future. GM (GM) already suffered a $732M loss on Cruise in Q3 and approximately $1.9B in the nine months ending Sept. 30, according to its earnings report.
