Just two months ago, Cruise CEO Daniel Ammann played a starring role in GM’s investor day presentation, where the automaker said it could double revenue to $280 billion by 2030.
Ammann explained that Cruise alone could account for at least $50 billion of that $140 billion in growth.
Right around that time, Cruise had applied to the California Public Utility Commission for a permit to charge for robotaxi rides sans safety driver. Only Alphabet's Waymo is on pace to do that. Cruise is a big piece of GM CEO Mary Barra’s growth strategy and Ammann was getting the company ready to execute.
Now, he’s out.