Electric car maker Tesla Motors (TSLA), Google self-driving car developer Alphabet (GOOGL) and four other automakers stood by at the Detroit auto show Thursday, supporters in a pivotal federal autonomous driving announcement, Investor’s Business Daily reported.
U.S. Department of Transportation Secretary Anthony Foxx introduced the Obama administration's $4 billion, 10-year plan to get self-driving cars onto U.S. roads in "corridors" throughout the country.
The National Highway Traffic Safety Administration will aim to propose best-practices guidance within six months on the safe operation of fully autonomous vehicles.
"We are also planning to propose new regulatory interpretations in the coming weeks that will help automated vehicle manufacturers implement safety innovations within the scope of the Federal Motor Vehicle Safety Standards," Foxx said.
TSLA is a Cabot Stock of the Month and GOOGL is a Cabot Top Ten Trader stock.
, Alphabet (GOOGL) to Benefit from U.S. Self-Driving Plan){kind=link}
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