Auto and Oil Companies Collaborate on Road Safety Project
DETROIT - Seven of the world's largest oil and auto companies said Wednesday that they will spend $10 million over the next five years on reducing traffic deaths in developing countries.
General Motors Corp., Ford Motor Co., Honda Motor Co., Toyota Motor Corp., Michelin, Renault S.A. and Royal Dutch/Shell Group Cos. are combining for the project. They will work with the International Red Cross to determine what would help developing countries most.
"The hope is that by pooling funds and pooling centralized expertise that we will be able to make a positive difference," said Tom Gottschalk, GM's vice president of public policy.
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