- Ten automakers accounting for more than half of U.S. auto sales have committed to make automatic emergency braking standard on new U.S. vehicles, the U.S. Department of Transportation announces.
- The automakers are Audi (OTCPK:AUDVF), BMW (BAMXY), Ford (NYSE:F), General Motors (NYSE:GM), Mazda (OTCPK:MZDAY), Mercedes Benz (OTCPK:DDAIF), Tesla (NASDAQ:TSLA), Toyota (NYSE:TM), Volkswagen (VLKAY) and Volvo (OTCPK:VOLVY).
- The systems could prevent or mitigate 80% of the ~1.7M rear-end collisions that cause ~1,700 deaths and 500K injuries annually in the U.S., according to the National Transportation Safety Board.
- The announcement does not specify a timetable for implementing the change.