EUCAR is the European Council for Automotive R&D of the major European passenger car and commercial vehicle manufacturers. EUCAR facilitates and coordinates pre-competitive research and development projects and its members participate in a wide range of collaborative European R&D programmes. The European automobile manufacturers are the largest private investors in R&D in Europe with over €60 billion investment per annum. EUCAR members are BMW Group, DAF Trucks, Ford of Europe, Honda R&D Europe, Hyundai Motor Europe, Iveco Group, Renault Group, Toyota Motor Europe, Volkswagen Group, Volvo Cars and Volvo Group. EUCAR is legally part of ACEA with independent decision-making for R&D.