Monday, 17 December, 2018

GM Invests an Additional $1 Billion in Cruise Automation

Cruise control GM's No. 2 exec to run self-driving car unit GM President Ammann will take over Cruise self-driving car unit - Autoblog
Rhonda Young | 02 December, 2018, 19:01

2 executive is moving from Motor City to Silicon Valley to run the automaker's self-driving auto operations as it attempts to cash in on its bet that robotic vehicles will transform transportation.

General Motors President Dan Ammann led the acquisition of Cruise in 2016.

Current CEO Kyle Vogt will become president and CTO, concentrating on leading "technology development" as the division pushes toward a commercial rollout in 2019. The reshuffling will allow Vogt and Kan to focus on technology while Ammann runs the business and looks for new partners and sources of capital-and possibly even prepares to spin out the company one day.

Israeli police recommend indicting Benjamin Netanyahu in bribery case
The appointment of Alsheikh's potential successor is being held up after a government-appointed committee rejected his candidacy. Mr Netanyahu held the government's communications portfolio until previous year and oversaw regulation in the field.

Ammann said he is "thrilled" to be dedicating 100 per cent of his time and energy to Cruise, which is now valued at $14.6 billion (all figures USD) following recent investments.

Cruise and GM have steadfastly declined to provide further details about the ride-hailing service, which is expected to be the second in the U.S.to rely on fully autonomous vehicles that won't have a human behind the steering wheel to take control if the technology goes awry.

The move - effective January 1 - emphasizes the importance of the operations to the future of GM, which plans to launch a public self-driving ride-hailing fleet in 2019. Unofficially, however, several reports suggest Cruise may still be struggling to transition from prototype testing to production viability. "As we move toward commercial deployment, adding Dan to the strong team led by Kyle is the next step".

New Zealander describes 'horror' riots in Paris
On Saturday November 17th on the first day of the yellow vest protests there were around 300,000 demonstrators out on the roads. Mr Macron later said there were 5,500 protesters in the capital and about 36,000 in total around the country.

GMA Chevy Bolt with Cruise's technology.

GM has said Cruise will commercially deploy in 2019 in a ridesharing venture in a discrete geographic area.

"These appointments further demonstrate our commitment to transforming mobility through the safe deployment of self-driving technology and move us closer to our vision for a future with zero crashes, zero emissions and zero congestion", GM CEO Mary Barra said in a statement on Thursday. His resume includes a stint as an investment banker at Morgan Stanley and as GM's former chief financial officer before being promoted to president in 2014. The appointment indicates the growing importance of the imitative to GM, which has come under fire from US President Donald Trump and other politicians over deep the job cuts announced Monday.

Jose Mourinho: It's more hard for United to buy top players
No - because they don't sell or because they are so powerful that they can say no. He said: "It's more hard to buy players of a high, high, high level".

Ammann's duties with GM, including supervision of GM's global operations in China, will be assumed by GM Chairman and CEO Mary Barra.

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