Close Menu
    What's Hot

    US Fed surprise rate cut may lead to Bitcoin surge: Analyst

    Bitcoin Reserve, Stablecoin Regulation are Main Drivers

    Ross Ulbricht’s Bitcoin donor tied to dark market Alphabay

    Facebook X (Twitter) Instagram
    MarketsNews.co.uk
    • Live Chart
    • Brokers
    • Scam Broker
    • Reviews
    • Tools
      • Lot Size Calculator
      • Margin Calculator
      • PIPS Calculator
      • Profit & loss calculator
    Facebook X (Twitter) Instagram
    Start Trading
    Trending Topics:
    • Markets
    • Stocks
    • Cryptocurrency
    • Forex
    • Scam Broker
    MarketsNews.co.uk
    • Markets
    • Stocks
    • Cryptocurrency
    • Forex
    • Scam Broker
    Stocks

    US agency proposes to streamline self-driving car exemption reviews By Reuters

    Anthony M. OrbisonBy Anthony M. OrbisonDecember 21, 2024No Comments2 Mins Read
    Share Facebook Twitter Pinterest Copy Link Telegram LinkedIn Tumblr Email
    1727391973 TPG buys minority stake in wealth manager Homrich Berg By
    1727391973 TPG buys minority stake in wealth manager Homrich Berg By
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By David Shepardson

    WASHINGTON (Reuters) -The National Highway Traffic Safety Administration on Friday proposed a new process to streamline reviews of exemptions filed by automakers seeking to deploy self-driving vehicles without required human controls like steering wheels or brake pedals. 

    NHTSA has authority to grant petitions to allow up to 2,500 vehicles per manufacturer to operate on U.S. roads without required human controls but the agency has spent years reviewing several petitions without taking action. Efforts in Congress to make it easier to deploy vehicles on U.S. roads without human controls have been stymied for years.

    Automakers have expressed frustration with the agency’s slow reviews of autonomous vehicles. Under the law, fully self-driving vehicles do not need NHTSA approval if they have required human controls.

    The industry faces scrutiny after a pedestrian was seriously injured in October 2023 by a General Motors (NYSE:) unit Cruise vehicle. NHTSA has opened a number of investigations into self-driving vehicles including Cruise, Alphabet (NASDAQ:)’s Waymo and Amazon.com (NASDAQ:)’s Zoox.

    The Alliance for Automotive Innovation, representing GM, Toyota (NYSE:), Volkswagen (ETR:), Hyundai (OTC:) and other major automakers, said the proposal will “provide a pathway to significantly expand the number of commercial AVs operating in the U.S… We urgently need a regulatory framework for AVs in the U.S., so we don’t cede leadership to China and other countries.”

    Reuters and other outlets have reported that President-elect Donald Trump wants to ease deployment barriers for self-driving vehicles. Tesla (NASDAQ:) CEO Elon Musk, a close adviser to Trump, said in October the automaker would roll out driverless ride-hailing services in 2025.

    NHTSA in October opened an investigation into 2.4 million Tesla vehicles equipped with full self-driving (FSD) after four reported collisions, including a 2023 fatal crash.

    In 2018, GM petitioned NHTSA to deploy up to 2,500 cars without steering wheels or brake pedals on U.S. roads. In 2020, GM withdrew the petition.

    GM in 2022 again sought NHTSA approval to deploy vehicles without human controls. GM withdrew the petition in October and announced this month it would exit the Cruise robotaxi business.

    Ford (NYSE:) last year withdrew its self-driving petition filed in July 2021 with NHTSA, citing its decision to close its self-driving venture Argo AI in 2022.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link
    Previous ArticleBitcoin Realized Losses Spike 3 Times The Weekly Average – Healthy Correction Or Downturn?
    Next Article America’s only leading-edge chip manufacturer faces an uncertain future and lawsuits
    Anthony M. Orbison
    • Website

    Related Posts

    President Biden to decide fate of Nippon Steel’s $15 billion bid for US Steel By Reuters

    December 24, 2024

    The true cost of the ’12 Days of Christmas’

    December 24, 2024

    Amicorp Group denies alleged fraud of over $7 billion in Malaysia’s 1MDB scandal By Reuters

    December 24, 2024
    Leave A Reply Cancel Reply

    Amazon.com, Inc.
    $207.91
    $0.68
    0.33%
    Meta Platforms, Inc.
    $684.62
    $3.33
    0.48%
    S&P 500
    $5,939.30
    $31.51
    0.53%
    Alphabet Inc.
    $169.81
    $0.42
    0.25%
    EUR/USD
    $1.14
    $0.0017
    0.15%
    EUR/JPY
    $164.56
    $0.28
    0.17%
    USD/CAD
    $1.37
    $0.0011
    0.08%

    Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
    We're social. Connect with us:

    Facebook X (Twitter)
    • Home
    • About us
    • Contact
    • Disclaimer
    • Privacy Policy
    © 2025 Marketsnews.co.uk

    Type above and press Enter to search. Press Esc to cancel.