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GM has no projects underway with Lyft, CEO Barra says

Reuters  |  DETROIT 

By Nick Carey

DETROIT (Reuters) - said on Tuesday the No. 1 U.S. currently has no projects underway with ride-sharing company Lyft, in which it has a 9 percent stake.

Rival said last year it will collaborate with 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 fruit.

Softbank said last month it will invest $2.25 billion in Cruise, one of the largest and highest profile investments to date in

When asked about the impact of tariffs imposed by the on and aluminum imports and ongoing efforts to renegotiate the North American Free Trade Agreement, Barra said the issue was "exceptionally complex."

"We need to let negotiations continue and be completed," she said.

But Barra added that "continued uncertainty (over trade) will eventually have an impact."

(Reporting by Nick Carey; Editing by and Jeffrey Benkoe)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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