GM's Cruise Faces Setbacks as CEO Departs and Robotaxi Plans Scale Down

General Motors' driverless car subsidiary, Cruise, has been facing major setbacks, including the recent resignation of CEO Kyle Vogt following an incident involving a hit-and-run victim. Cruise's permit to operate driverless cars in California was suspended, leading to a nationwide pause in operations. The company has recalled all 950 vehicles, appointed a new chief safety officer, and initiated an independent safety audit. Co-founder and Chief Product Officer Dan Kan is also stepping down. GM now faces a difficult decision on whether to continue investing in self-driving cars or cut its losses. Other automakers have scaled back their autonomous ambitions, but GM has remained bullish, despite losing $8.2 billion on Cruise since 2017. The company is now taking a more direct role in Cruise's operations, with GM general counsel Craig Glidden serving as co-president alongside Mo Elshenawy.