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US federal regulators are expected to announce plans this week to require automakers to install rearview cameras in all new cars by 2014, The New York Times reported.

The National Highway Safety Administration is expected to send its final version of the proposed regulation to Congress on Wednesday, after first proposing the rule change in 2010.

In a draft paper, regulators said it would cost automakers between $160 and $200 to install the cameras and viewing screens in each new vehicle — as much as $2.7 billion per year overall.

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