A top executive at General Motors' Cruise is cautious about an idea Wall Street keeps raising: The automaker's self-driving unit ought to spin off from the core car business and cash in on its potential.
This isn't a focus, at least for now, according to Kyle Vogt, Cruise's president and chief technology officer. GM and Cruise's engineers are better off working together on self-driving software and integrating it into the car, he said Monday at the CES technology expo in Las Vegas. Plus, GM has already started upping Cruise's value by attracting investments from Honda Motor Co. and SoftBank Vision Fund.
"It's a lot easier to develop a vehicle working side by side with the engineers who are in the plant and developing the vehicle design itself along with the people writing the software," Vogt said. "That's going to continue to be the case for quite some time."