Market Chatter: Automakers, Tech Groups Urge Trump to Expedite Deployment of Self-Driving Cars

MT Newswires Live03-18

The Alliance for Automotive Innovation, a group consisting of nearly every major automaker, called on Transportation Secretary Sean Duffy to take steps to accelerate the deployment of self-driving cars, Reuters reported Tuesday, citing a letter sent by the industry group to the secretary.

The letter, which was also signed by the Consumer Technology Association and Autonomous Vehicle Industry Association, urged Duffy to implement a national performance-based framework and declare the National Highway Traffic Safety Administration the sole regulator of hardware for self-driving cars, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 9.89, Change: -0.03, Percent Change: -0.30

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