NHTSA rule allows R&D exemptions for U.S. auto makers
Audrey LaForest
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WASHINGTON NHTSA has issued a final rule that will allow U.S. manufacturers of vehicles and equipment to seek an exemption from federal safety standards for purposes of research or demonstration, according to a federal document.
The rule allows domestic manufacturers that produce nonconforming vehicles and equipment to operate those products on public roads potentially speeding the development of automated driving systems and other forward-looking technologies in the U.S.
In a statement, the agency said the action levels the playing field with importers, which until this rule were the only entities able to obtain these research and demonstration waivers and will help ensure that domestic manufacturers will have the same opportunity to develop and demonstrate automated shuttles and other innovative technologies.
Daimler AG's North American truck unit on Thursday agreed to a $30 million U.S. civil penalty to resolve an investigation of delayed recalls, the second time since late 2019 the German automaker has agreed to settle a probe by U.S. auto safety regulators.
The German automotive corporation will meet with NHTSA at least once every month.
Daimler will pay £7.31 million upfront and invest another £3.66 million in safety projects.
Daimler Trucks North America (ETR: DAI) said on Thursday that it will pay a civil penalty worth £21.94 million in the United States to settle an NHTSA (National Highway Traffic Safety Administration) launched investigation of delayed recalls.
Daimler has recovered sharply from a low of £19.71 per share in March when the COVID-19 crisis brought the global automotive demand to a near halt. At the time of writing, the stock is exchanging hands at £52.16 per share. The German company had started 2020 at a per-share price of £45.11. Learn more about the financial analysis of a company.
Daimler trucks failed to promptly recall, NHTSA says
Keith Laing, Bloomberg News Trucks wait in line to enter the Port of Oakland in Oakland, California, U.S., on Thursday, March 19, 2020. The spread of the coronavirus pandemic is scrambling supply chains in everything from crude oil to copper and foodstuffs, with many countries reporting a shortage of containers. Photographer: David Paul Morris/Bloomberg , Bloomberg
Daimler Trucks North America LLC agreed Thursday to pay a US$30 million civil penalty to settle claims that the German automaker failed to recall vehicles in a timely fashion and comply with federal reporting requirements.
Under the settlement, Daimler Trucks will be required to âdevelop and implement an advanced data analytics program to enhance its ability to detect and to investigate potential safety defects,â the National Highway Traffic Safety Administration said. The company will also be required to
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