GM, Toyota agree to extend advanced technology collaboration and focus on safety-related technologies
DETROIT 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 worlds 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 worlds leading finance companies, GMAC Financial Services, which offers automotive, residential and commercial financing and insurance. GMs OnStar subsidiary is the industry leader in vehicle safety, security and information services. More information on GM can be found at www.gm.com.
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