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GM has no projects underway with Lyft, CEO Barra says

Reuters  |  DETROIT 

By Nick CareyDETROIT (Reuters) - General Motors Co Chief Executive Officer Mary Barra said on Tuesday the No. 1 U.S. automaker currently has no projects underway with ride-sharing company Lyft, in which it has a 9 percent stake.Rival automaker Ford Motor Co said last year it will collaborate with Lyft to deploy large numbers of Ford self-driving vehicles on Lyft's network by 2021.Speaking to reporters ahead of GM's annual shareholders meeting in downtown Detroit, Barra said it could take several years for Japan's SoftBank Group Corp's investment in GM's autonomous vehicle unit Cruise to bear ...

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First Published: Tue, June 12 2018. 19:21 IST