Current:Home > StocksWill Sage Astor-CEO, co-founder of Cruise Kyle Vogt resigns from position -TradeGrid
Will Sage Astor-CEO, co-founder of Cruise Kyle Vogt resigns from position
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-10 18:45:18
SAN FRANCISCO — The CEO of Cruise announced on Sunday he was stepping down from the role.
"The last 10 years have been amazing, and I'm grateful to everyone who helped Cruise along the way," CEO and co-founder Kyle Vogt posted on X. "The startup I launched in my garage has given over 250,000 driverless rides across several cities, with each ride inspiring people with a small taste of the future."
Today I resigned from my position as CEO of Cruise. (1/5)
— Kyle Vogt (@kvogt) November 20, 2023
Vogt's resignation comes less than a month after the autonomous car company paused its driverless robotaxi operations nationwide. The pause happened two days after the California DMV suspended its driverless testing permits in the state.
The suspension happened due to an incident in October where a Cruise robotaxi dragged a pedestrian that had been struck by another vehicle in San Francisco.
Cruise's permit for testing of the vehicles with a safety driver inside was not affected by the suspension.
Cruise also recently announced layoffs among its contract employees who worked on the ride-hailing service's fleet of autonomous vehicles.
The workers laid off included support staff who clean, charge and service the robotaxis, as well as customer service workers.
The layoffs came after its fleet of vehicles was recalled for a software update, which was prompted by the same incident that saw its testing permit suspended.
Cruise, headquartered in San Francisco, is a subsidiary of General Motors and also operates in Phoenix, Arizona, and in the Texas cities of Austin and Houston.
- In:
- Cruise
veryGood! (3996)
Related
- Arkansas State Police probe death of woman found after officer
- Utah Republicans to select nominee for Mitt Romney’s open US Senate seat
- You Have to See Travis Kelce's Reaction to Kardashian-Jenner Family Comparison
- Body-cam footage shows police left an Ohio man handcuffed and facedown on a bar floor before he died
- DoorDash steps up driver ID checks after traffic safety complaints
- The economy grew a disappointing 1.6% in Q1. What does it mean for interest rates?
- Minnesota lawmaker's arrest is at least the 6th to hit state House, Senate in recent years
- Tony Khan, son of Jaguars owner, shows up to NFL draft with neck brace. Here's why.
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- ‘The movement will persist’: Advocates stress Weinstein reversal doesn’t derail #MeToo reckoning
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- School principal was framed using AI-generated racist rant, police say. A co-worker is now charged.
- Man admits to being gunman who carjacked woman in case involving drugs and money, affidavit says
- Rooting for Trump to fail has made his stock shorters millions
- South Korean president's party divided over defiant martial law speech
- Suspect in fatal shooting of ex-Saints player Will Smith sentenced to 25 years in prison
- AP Week in Pictures: North America
- Athletic director used AI to frame principal with racist remarks in fake audio clip, police say
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
What to expect from Bill Belichick on ESPN's 'The Pat McAfee Show' draft coverage
Columbia protesters face deadline to end encampment as campus turmoil spreads: Live updates
Golden State Warriors star Steph Curry named 2023-24 NBA Clutch Player of the Year
2025 'Doomsday Clock': This is how close we are to self
Hurry! Everything at J. Crew Factory Is Now 50% Off, Including Their Chicest Linen Styles
Giants place Blake Snell on 15-day IL with adductor strain
Starbucks offering half off drinks Thursday: How to get the deal