GM self-driving unit Cruise names new CEO as it seeks turnaround

A woman smiles in the back seat of a self-driving Chevy Bolt EV car during a media event by Cruise , GM’s autonomous car unit, in San FranciscoWASHINGTON - General Motors robotaxi unit Cruise said on Tuesday it has named a former xBox founding engineer as the new CEO of automaker's self-driving vehicle company .

GM said Grant Dixton, who previously served as the chief legal officer of Activision Blizzard and as general counsel at Boeing, will become GM's chief legal and public policy officer on July 15. Glidden will also serve as executive vice president and strategic advisor at GM. Since the accident, Cruise has fired nine executives. Then Vogt and company co-founder Dan Kan both resigned, and Cruise cut a quarter of its staff.

CALGARY — The regulator responsible for overseeing Alberta's oil and gas sector has released a new report projecting the province's oilsands production will grow by more than 17 per cent by 2033.Robin Zeng, the founder and chairman of Contemporary Amperex Technology Ltd , has urged Chinese electric vehicle builders and car component manufacturers to cease the price war engulfing the sector and focus on ensuring the reliability of their products.

Amid a backdrop of declining home prices and mixed economic signals, the Chinese market presents a complex landscape for investors. In such an environment, dividend stocks can offer a measure of stability and predictable returns, making them an attractive option for those looking to navigate the uncertainties of the Chinese economy.

Source: News Formal (newsformal.com)

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