NHTSA Administrator Strickland to Step Down Amid Tesla (TSLA) Probe
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U.S. National Highway Traffic Safety Administration chief David Strickland is stepping down amid the agency's probe into recent Tesla (Nasdaq: TSLA) Model S fires. David Friedman will assume Strickland's duties on an interim basis.
Along with the Tesla investigation, the NHTSA has been behind on implementing a rule which requires backup cameras on new cars, though it wasn't made clear why Strickland is leaving and what the time horizon will be.
Strickland joined the NHTSA in 2010 and was key in implementing a new rule which would double the required fuel economy of U.S. cars by 2025.
With Tesla, CEO Elon Musk tried to delay a federal probe following Model S fires reported last October by using a software fix for the vehicles. Following that, Musk said in a blog post on Tesla's website that he requested a review from the NHTSA, which Strickland later denied.
It's not clear whether this will change the outcome of the current probe, which is looking into Tesla's lithium-ion battery packs used in the Model S. Last week, a German regulator also looked into the incident and found nothing wrong with the Model S or its batteries. It's assumed that the NHTSA will come to the same conclusion.
Shares of Tesla are up about 5.8 percent.
Along with the Tesla investigation, the NHTSA has been behind on implementing a rule which requires backup cameras on new cars, though it wasn't made clear why Strickland is leaving and what the time horizon will be.
Strickland joined the NHTSA in 2010 and was key in implementing a new rule which would double the required fuel economy of U.S. cars by 2025.
With Tesla, CEO Elon Musk tried to delay a federal probe following Model S fires reported last October by using a software fix for the vehicles. Following that, Musk said in a blog post on Tesla's website that he requested a review from the NHTSA, which Strickland later denied.
It's not clear whether this will change the outcome of the current probe, which is looking into Tesla's lithium-ion battery packs used in the Model S. Last week, a German regulator also looked into the incident and found nothing wrong with the Model S or its batteries. It's assumed that the NHTSA will come to the same conclusion.
Shares of Tesla are up about 5.8 percent.
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