General Motors said on Thursday it was reorganizing its BrightDrop electric commercial vehicle unit to make it less independent and reduce costs, and that the unit's head, Travis Katz, would be leaving. GM said CEO Katz was leaving at an unspecified date, but did not elaborate on the reason for his departure. GM said BrightDrop, the unit it launched in early 2021, will no longer operate separately from the parent company.
What does that quoted statement have to do with the CEO stepping down and GM bringing BrightDrop in-house?