The National Highway Traffic and Safety Administration and China signed a Memorandum of Cooperation last week intended to make Chinese cars safer. The memorandum outlines goals for creating and enforcing safety standards, sharing research, improving fuel economy and the handling of safety investigations and recalls.
In addition to just listing goals, the two sides will also sit down at least once a year and conduct joint research to make Chinese vehicles safer.
Chinese automobiles have come under intense scrutiny as of late for their lack of safety standards. Although Chinese automakers are expanding rapidly, safety concerns remain their biggest hurdle in expanding to more developed, and lucrative, markets such as the U.S. and Western Europe.
