00:00It's Benzinga bringing Wall Street to Main Street.
00:02Major automakers are urging Congress to permanently ban the U.S. sale,
00:07import, and manufacturing of Chinese connected vehicles, hardware, and software, according to
00:12CNBC. The Alliance for Automotive Innovation called on lawmakers Thursday to act before the
00:18current congressional session ends, January 3rd. CEO John Bozzella said Chinese automakers are
00:24exporting subsidized vehicles with connected technology around the world and warned the U.S.
00:29should respond before those vehicles enter the domestic market. Bipartisan lawmakers are
00:33considering restrictions on Chinese vehicles, including Senate legislation that could bar
00:38Mercedes-Benz from the U.S. because Chinese investors own nearly 20% of the automaker.
00:43The Alliance for Automotive Innovation, which includes Mercedes-Benz, said it wants a balanced
00:48policy that allows all of its members to continue operating in the U.S.
00:51For all things money, visit Benzinga.com.
