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Variance

GM, Toyota Agree to Extend Advanced Technology

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Variance    0

GM, Toyota Agree to Extend Advanced Technology Collaboration and Focus on Safety-Related Technologies

DETROIT, March 2 /PRNewswire/ -- General Motors Corp. and Toyota Motor

Corp. have agreed to extend their advanced technology collaboration agreement

two more years with a focus on safety and congestion-related technologies, and

industry codes and standards.

The agreement covers information exchange and collaborative research in

areas such as well-to-wheels energy usage and emissions, intelligent

transportation systems and connected vehicle (vehicle infrastructure

integration and vehicle-to-vehicle communications). The agreement also allows

for research projects in other areas the companies identify as mutually

beneficial.

The GM-Toyota collaboration, which began in 1999 and would have expired at

the end of this month, will be extended to March 31, 2008.

General Motors Corp. (NYSE: GM), the world's largest automaker, has been

the global industry sales leader for 75 years. Founded in 1908, GM today

employs about 327,000 people around the world. With global headquarters in

Detroit, GM manufactures its cars and trucks in 33 countries. In 2005, 9.17

million GM cars and trucks were sold globally under the following brands:

Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac,

Saab, Saturn and Vauxhall. GM operates one of the world's leading finance

companies, GMAC Financial Services, which offers automotive, residential and

commercial financing and insurance. GM's OnStar subsidiary is the industry

leader in vehicle safety, security and information services. More information

on GM can be found at http://www.gm.com .

Link: http://www.prnewswire.com/cgi-bin/stories....04312473&EDATE=

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Newbiewar    1

Why are we still sleeping with the enemy?

perhaps it would seem that GM is trying to get in bed with the perceived "Quality" that toyota has...

the agreement i Believe is strickly for PR sake...

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thegriffon    5

Read what they are collaborating on. No one automaker can go it alone in these systems, not because of the expense, but because they only work when everyone is using the same systems.

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This is 60% PR, 30% Bull$h! & 10% real world benefit.

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