Automotive Transport Research and Development Act

[AI summary unavailable — showing source text] Automotive Transport Research and Development Act - Adds a new title (Research and Development) to the Motor Vehicle Information and Cost Savings Act. States that the purposes of such title are: (1) to make grants for, and support through obligation, guarantees, research and development leading to production, prototypes of an advanced automobile or automobiles within four years from the date of enactment and to secure the certification after testing of those prototypes which are likely to meet the Nation's long-term goals with respect to fuel economy, safety, environmental protection, and other objectives; and (2) to preserve, enhance and facilitate competition in research, development, and production of existing and alternative automobiles and automobile components. Authorizes the Secretary of Transportation to perform specific tasks, including the following: (1) make contracts and grants for research and development efforts likely to lead or contribute to the development of an advanced automobile or automobiles; (2) make obligation guarantees for research and development efforts which show promise of leading or contributing to the development of an advanced automobile or automobi…