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GM president takes over Cruise autonomous unit

Nov 30, 2018
General Motors president Dan Ammann will take over the company's GM Cruise as CEO, and the current CEO will also be working on the project as chief technology officer. According to GM executives, the recent change of events and new appointments show that the auto manufacturer is fully committed towards the development of autonomous vehicle technology and solutions, with a future free of emissions and congestion. According to some analysts, GM Cruise is currently worth $14.6 billion and has received investments from a Japanese bank conglomerate.
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