The GT-R reappeared in 1999, with a revised chassis and other updates. The R34 turbos received a ball bearing core. The R34 N1 turbos had a metal exhaust wheel, and ball bearing center section. A 6-speed Getrag gearbox was used. The turbo outlet pipes were changed from cast to formed metal outlets. The intercooler had a temperature probe in the V-spec models.Models:
- GT-R - 2.6 L RB26DETT twin-turbo I6, 332 PS (244 kW, 392 Nm) (advertised as 276)
- GT-R V-Spec - Additional aero parts, brake ventilation ducts, diffuser.
- GT-R V-Spec II - As above + carbon fibre hood with NACA duct.
- GT-R N1 - Blueprinted N1 motor, no A/C, no stereo, no rear wiper, basic interior trim. (only 45 made)
- GT-R M-Spec - Leather interior, softer suspension with "Ripple Control" dampers, heated seats.
- GT-R V-Spec II Nür - As above V-Spec II + N1 motor, 300 km/h speedo. (only 750 made)
- GT-R M-Spec Nür - As above M-Spec + N1 motor, 300 km/h speedo. (only 253 made)
- GT-R NISMO R-tune
- GT-R NISMO Z-tune - 2.8 L (bored and stroked) RB26DETT Z2 twin-turbo I6, 500 PS (368 kW, 540 Nm) Z1 and Z2 (Only 20 made)