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The company confirmed Sunday night it had accepted Vogt resignation. GM had already moved to take greater control over the unit, last week naming GM General Counsel Craig Glidden as co-president ...
Hitting the decade mark is a rarity for any public company CEO, and even more so for female leaders: The average tenure of a Fortune 500 CEO is 7.2 years for men and just 4.5 years for women.
The company is a largely autonomous subsidiary of General Motors. [7] Following a series of incidents, it suspended operations in October 2023, and Kyle Vogt resigned as CEO in November 2023. [8] The company began returning its vehicles to public roads in May 2024. [9] On June 25, 2024, the company named Marc Whitten as its new CEO.
Kyle Vogt, the head of General Motors’ self-driving car unit Cruise, resigned from the company late Sunday. His departure came the day after he apologized to the unit’s employees for problems ...
Prior to today's announcement, GM shares had been down about 20% in the past year, compared to a 15% gain for the S&P 500 . Investors have fretted on several aspects of the GM investment thesis ...
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GM is cutting costs through simplification. GM expects to end 2024 with $2 billion less in fixed costs than two years ago, Barra said at the investor day. One major way is by simplifying the ...
GM filed for Chapter 11 reorganization in the Manhattan New York federal bankruptcy court on June 1, 2009, at approximately 8:00 am EDT. June 1, 2009, was the deadline to supply an acceptable viability plan to the U.S. Treasury. The filing reported US$82.29 billion in assets and US$172.81 billion in debt. [6][7][8][9][10] After the Chapter 11 ...