Free Trial

GM says Cruise robo-car unit will be helmed by founder Vogt

This Jan. 16, 2019, file photo, shows Cruise AV, General Motor's autonomous electric Bolt EV in Detroit. On Monday, Feb. 28, 2022, General Motors said Kyle Vogt will take over as CEO of its Cruise autonomous vehicle subsidiary, which he helped found in 2013. (AP Photo/Paul Sancya, File)

DETROIT (AP) — General Motors said Monday that Kyle Vogt will take over as CEO of its Cruise autonomous vehicle subsidiary, a company he helped found in 2013.

A GM representative confirmed what Vogt posted on Twitter, that he had “once again” accepted the job as CEO of Cruise.

He replaces Dan Ammann. The Detroit automaker announced in December that Ammann was leaving the company to be replaced by Vogt as interim CEO at Cruise.

Cruise is operating a small fleet of autonomous-vehicle in San Francisco that it opened to the general public at the beginning of February. GM expects to get a permit to charge passengers for autonomous rides this year.

“Based on feedback from early users of our robo-taxi service, we’ve made something really special,” Vogt tweeted Monday. “I try to stay clear of too much hype and unrealistic expectations, but this just feels absurdly better than the status quo. We’ve needed this for a long time.”

Should You Invest $1,000 in General Motors Right Now?

Before you consider General Motors, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and General Motors wasn't on the list.

While General Motors currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for July 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Companies Mentioned in This Article

CompanyMarketRankâ„¢Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
General Motors (GM)
4.157 of 5 stars
$51.995.6%1.15%7.49Hold$53.35
Compare These Stocks  Add These Stocks to My Watchlist 

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in July 2025
3 Defense Stocks Under $10 With Massive Upside
NVIDIA: Another 200% Growth Ahead? (PLUS 2 Companies Riding Along)

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines