Cruise Co-Founder And CPO Daniel Kan Resigns

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Cruise, a self-driving car company backed by General Motors, has announced that its co-founder and Chief Product Officer, Daniel Kan, is resigning from his position in order to pursue other endeavors. Kan was one of the original co-founders of Cruise, which was acquired by GM in 2016, and has played a critical role in the development of the company's autonomous vehicle technology.

Kan has been with Cruise for more than seven years, and during his tenure, he has overseen the development of the company's self-driving software, as well as its hardware and vehicle designs. He has been a driving force behind Cruise's efforts to bring autonomous vehicles to market, and his departure is seen as a significant loss for the company.

In a statement, Cruise CEO Dan Ammann praised Kan's contributions to the company, noting that he had been instrumental in shaping its strategy and technology. Ammann also expressed confidence in Cruise's ability to continue making progress towards its goal of commercializing autonomous vehicles.

Kan's resignation comes at a challenging time for Cruise, as the company is facing increasing competition in the self-driving car market from rivals such as Waymo and Tesla. Despite these challenges, Cruise remains one of the most well-funded and highly valued players in the autonomous vehicle space, with support from deep-pocketed investors such as SoftBank and Honda.

The company has ambitious goals for the next few years, including plans to launch a commercial ride-hailing service using its self-driving cars in San Francisco. While Kan's departure is certainly a setback, Cruise is well positioned to continue making progress towards its goals, thanks to its talented team of engineers and investors.