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Exclusive-GM's Cruise CEO offers apology, will allow share sales - email

2023-11-19 02:13
By Greg Bensinger and Hyunjoo Jin SAN FRANCISCO The CEO of Cruise, General Motors’ robot taxi unit, on
Exclusive-GM's Cruise CEO offers apology, will allow share sales - email

By Greg Bensinger and Hyunjoo Jin

SAN FRANCISCO The CEO of Cruise, General Motors’ robot taxi unit, on Saturday apologized for the company's situation following an accident that led to the pause of its self-driving vehicle operations.

In an email to staff seen by Reuters, Cruise CEO Kyle Vogt said the firm will make a new tender offer to allow employees to sell shares, just two days after cancelling its earlier offer.

(Reporting by Greg Bensinger and Hyunjoo Jin; Editing by Cynthia Osterman)