Warren Enskat Group

GM President Dan Ammann will take over Cruise

December 1, 2018 / Daniel Enskat / No Comments

GM President Dan Ammann (a former Morgan Stanley investment banker), will take over Cruise, the carmaker’s self-driving vehicle startup… (also see my recent post on Qualcomm Ventures and its Cruise early stage investment). Current CEO and co-founder Kyle Vogt (33) will become CTO.

https://getcruise.com

A couple of AI related notes: 1. GM bought Cruise two years ago for $1b, as a 40-person startup. Two years later Cruise is valued at $15b and has 1,000 staff. 2. GM is shifting to AI and AV, with plans to launch a commercial Chevy Bolt robot-taxi service next year. Qualcomm along with other heavy hitters have invested in Cruise of late, a growing interest in all things AI across industries.

To read more

Register below for access to the Warren Enskat client portal

Written by

Daniel Enskat

Daniel has written over a dozen books on the global asset management industry and has lectured at universities around the world alongside speakers such as Secretary of State John Kerry, Dr. Mark Mobius, ex-Fed Chairman Alan Greenspan, Professor KC Chan and former Prime Minister Gerhard Schroeder.

He is widely sought after for presentations, discussions and his perspective on the global asset management industry, and in the last two decades has advised hundreds of investment management CEOs on strategy and global expansion.

Scroll to Top