COSVAM's three strategic poriorities were established at the 1998 Summit Conference, hosted by Aston Martin Lagonda at their corporate headquarters in Bloxham, England. - International Harmonization for automotive safety and emissions standards.
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- Flexibility for small volume manufacturers for advanced airbags and Tier 2/LEV II emissions.
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- COSVAM "Educational Process" on Capitol Hill for key strategists of both houses on the small volume automobile industry.
Delegates to COSVAM'S 1998 Summit Conference represented the following SVM companies: - Aston Martin Lagonda Limited
- Cosworth
- Coventry Prototype Panels
- De Tomaso
- Ferrari-Maserati
- Isis Automotive
- Jensen
- Lotus
- McLaren
- Morgan Motor Company
- Panoz
- SpyderCraft
- TWR
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