Uber, Lyft And Automakers Form Self-driving Car Coalition

By Caitlin HustonMarketsMarketWatch Pulse

Ford Motor Co., Alphabet's Inc. Google, Lyft Inc., Uber Technologies and Volvo Cars announced Tuesday that they had formed a coalition to push for federal action on self-driving cars. The first act of the coalition will be working with city groups and businesses to promote self-driving infrastructure. Both ride-hailing companies, Uber and Lyft, as well as automakers Ford , Google , Volvo [STO: VOLV-B] have pushed for self-driving cars. "The best path for this innovation is to have one clear set of federal standards, and the Coalition will work with policymakers to find the right solutions that will facilitate the deployment of self-driving vehicles," said David Strickland, the coalition's spokesperson, in the press release.

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