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General Motors president to become CEO of its self-driving unit

Dan Ammann in 2017. Photo: Julien de Rosa/IP3/Getty Images

General Motors on Thursday announced that company president Dan Ammann will become CEO of its self-driving unit, Cruise.

Why it matters: This is a concrete example of how GM sees self-driving as central to its future, which is also something it said in Monday's announcement of layoffs and plant closures.

Prior CEO Kyle Vogt, who co-founded Cruise and sold it to GM in 2016, will stay on as the group's president and chief technology officer.

GM will not name a new president to succeed Ammann, with the automaker's global regions and GM Financial unit chiefs now reporting directly to CEO Mary Barra.

Cruise Automation