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Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B.
Happy Thanksgiving to our readers. We’re grateful here at The Station that you’ve stuck with us all these years as we dissect the week’s transportation news. We’ll keep this one short because no doubt everyone’s exhausted from the tsunami of family and food.
The Cruise saga continues. Late last weekend, CEO and co-founder Kyle Vogt resigned from his post. Vogt’s co-founder, Dan Kan, also resigned. No one has been named to replace Vogt yet, but Mo Elshenawy, EVP of engineering at Cruise, is stepping up to serve as president and CTO. Jon McNeill, a member of GM’s board, was appointed vice chairman of the Cruise board.
The top dogs have released a new business plan for the beleaguered robotaxi company going forward, one that’s tempered to preserve cash and promote a safety culture. The first step is holding the pause on the Origin robotaxi production through 2024. Cruise will instead continue to focus on its Chevy Bolt AV.
Cruise isn’t planning to relaunch any time soon, but when it does, it will start in one city and go from there. That’s a departure from the previous aggressive multi-city launch strategy Cruise and GM had focused on in 2023.
Cruise didn’t announce any layoffs, but those should be coming soon. We expect to hear more about that in mid-December.