💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

U.S. safety agency says automakers to add automatic braking by 2022

Published 03/17/2016, 11:06 AM
Updated 03/17/2016, 11:10 AM
U.S. safety agency says automakers to add automatic braking by 2022
GM
-
F
-
MBGn
-
HMC
-
TM
-
VOWG_p
-
7201
-

By David Shepardson

MCLEAN, Va. (Reuters) - U.S. auto safety regulators said on Thursday that 20 automakers have agreed to make automatic emergency braking standard on nearly all U.S. vehicles by 2022, a move that could prevent thousands of rear-end crashes annually.

At a press conference at a federal highway facility in McLean, Virginia, the U.S. National Highway Traffic Safety Administration (NHTSA) hailed the voluntary commitment by 20 automakers representing more than 99 percent of U.S. vehicle sales. They include General Motors Co (N:GM), Ford Motor Co (N:F), Toyota Motor Corp (T:7203), Volkswagen AG (DE:VOWG_p), Daimler AG (DE:DAIGn), Nissan Motor Co (T:7201) and Honda Motor Co (T:7267).

Reuters reported the planned agreement Wednesday.

In 2012, rear-end crashes killed 1,705 people and injured 547,000 in the United States. About 87 percent of the deaths and injuries might have been prevented or lessened if vehicles had a collision avoidance system — because they were linked to driver inattention, researchers found.

The NHTSA estimated that the agreement will make automatic emergency braking standard on new cars two years faster than could be achieved if it began the process to legally require the technology.

The agreement will make the technology standard on virtually all light-duty cars and trucks with a gross vehicle weight of 8,500 lbs. or less, beginning no later than Sept. 1, 2022.

The technology will be standard on virtually all trucks with a gross vehicle weight between 8,501 lbs. and 10,000 lbs., beginning no later than Sept. 1, 2025.

But the agreement is not legally enforceable, and some critics want the agency to make it legally required.

Latest comments

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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.