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GM economist sees negligible impact of Brexit on U.S. autos, for now

It is too soon to measure the impact of the British vote to leave the EU on General Motors, 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 decided to stay in the European Union.

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