GM–Toyota Fuel-Cell Talks Stall
30 July 2005
Kyodo. Progress on defining a joint venture between Toyota Motor and GM to develop fuel cell cars has stalled over the terms of sharing intellectual property rights and the results of joint research.
Failing to clear even that fundamental barrier has prevented negotiations on the specifics of the proposed joint venture.
GM and Toyota have been exploring ways to pool their resources (and reduce their costs) in developing fuel cell cars since May when GM Chairman Wagoner visited outgoing Toyota President Cho.
New Toyota President Katsuaki Watanabe has said Toyota and GM should decide quickly on the proposed joint venture.
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