[Federal Register: October 7, 1999 (Volume 64, Number 194)]
[Notices]               
[Page 54644]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr07oc99-87]                         

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DEPARTMENT OF JUSTICE

Antitrust Division

 
Notice Pursuant to the National Cooperative Research and 
Production Act of 1993--General Motors and Toyota Joint Research and 
Development Project

    Notice is hereby given that, on May 3, 1999, pursuant to Section 
6(a) of the National Cooperative Research and Production Act of 1993, 
15 U.S.C. 4301 et seq. (``the Act''), General Motors and Toyota Joint 
Research and Development Project has filed written notifications 
simultaneously with the Attorney General and the Federal Trade 
Commission disclosing: (1) The identities of the parties and (2) the 
nature and objectives of the venture. The notifications were filed for 
the purpose of invoking the Act's provisions limiting the recovery of 
antitrust plaintiffs to actual damages under specified circumstances. 
Pursuant to Section 6(b) of the Act, the identities of the parties are 
General Motors Corporation, Detroit, MI; and Toyota Motor Corporation, 
Toyota, JAPAN. The nature and objectives of the venture are to 
cooperate on research and development related to certain advanced 
vehicle technology to permit them to respond effectively and promptly 
to customer and regulatory requirements. The goals of the joint venture 
are to: Develop advanced vehicle technology superior to those which 
either company could do alone, including electric, hybrid electric and 
fuel cell vehicles or their components and systems; reduce development 
time for such new technology vehicles and components; increase industry 
responsiveness to customer needs and regulatory requirements for more 
efficient, cleaner vehicles; accelerate necessary changes in 
infrastructure to support advanced technology vehicles; provide 
regulators, globally, with timely, consistent information and advice 
about advanced vehicle technology; and promote early standardization 
where needed to provide global customers with the desired 
interchangeability for advanced vehicles and components.
Constance K. Robinson,
Director of Operations, Antitrust Division.
[FR Doc. 99-26181 Filed 10-6-99; 8:45 am]
BILLING CODE 4410-11-M