GM (GM) U.S. Light-Vehicle Sales Fell More-than-Expected in June 2016

GM economist: No Brexit impact to U.S. auto market now; more UK car production possible

June 30, 2016 9:11 AM EDT

By Bernie Woodall

DETROIT (Reuters) - It is too soon to measure the impact of the British vote to leave the EU on General Motors Co (NYSE: GM) but the decision will likely not have much effect on the company in its home market, GM's chief economist said on Wednesday.

Mustafa Mohatarem said the most immediate likely impact for U.S. auto sales was a positive one as last week's referendum result brought with it a greater chance that U.S. interest rates "will remain lower longer" than if British voters had... More

BMW teams up with tech firms for driverless cars: source

June 30, 2016 2:44 AM EDT

By Eric Auchard and Edward Taylor

FRANKFURT (Reuters) - BMW is set to announce an alliance to develop self-driving cars with collision detection specialist Mobileye and computer chip maker Intel, a source familiar with the matter said, as the race to put driverless cars on the road heats up.

The tie-up is likely to focus on technology being developed by Mobileye (NYSE: MBLY) to give computer-driven vehicles better reflexes without driver input, ushering in an era of self-driving cars early in the next decade, analysts said.

The three... More

GM economist: no Brexit impact to U.S. auto market now; more UK car production possible

June 29, 2016 3:00 PM EDT

By Bernie Woodall

DETROIT (Reuters) - It is too soon to measure the impact of the British vote to leave the EU on General Motors Co (NYSE: GM) but the decision will likely not have much effect on the company in its home market, GM's chief economist said on Wednesday.

Mustafa Mohataram said the most immediate likely impact for U.S. auto sales was a positive one as last week's referendum result brought with it a greater chance that U.S. interest rates "will remain lower longer" than if British voters had... More