General Motors CEO Mary Barra stated on Tuesday the No. 1 U.S. automaker at present has no projects underway with ride-sharing company Lyft, where it is holding 9 percent stake.
Competing automaker Ford Motor stated last year it will work with Lyft to deploy large amount of Ford self-driving vehicles on Lyft’s network by 2021.
Discussing with reporters ahead of GM’s yearly shareholders meeting in downtown Detroit, Barra stated it could take several years for Japan’s SoftBank Group’s investment in automaker’s autonomous vehicle unit Cruise to bear fruit.
Softbank stated earlier month it will invest $2.25 billion in Cruise, one of the biggest and highest profile investments to this day in self-driving technology.
When asked about the impact of tariffs enforced by the Trump administration on steel and aluminum imports and continued efforts to renegotiate the North American Free Trade Agreement, Barra stated the issue was “exceptionally complex.”
“We need to let negotiations continue and be completed,” she stated.
However Barra also said that “continued uncertainty (over trade) will eventually have an impact.”