The GF-BNR34 (R34) Skyline GT-R and GT-R V·spec models were released in January 1999. The R34 GT-R was also shorter (from front to rear), and the front overhang reduced. The valve covers were painted glossy red (colour code Cherry Red Effect Z24 or X1020), as opposed to black in previous models.
A new feature on the R34 GT-R is a 5.8″ LCD multifunction display on the center of the dashboard, which shows seven different live readings of engine and vehicle statistics such as turbocharger pressure (1.2 bar max), oil and water temperature, among others. The GT-R V·spec model added two extra features to the display: intake and exhaust gas temperatures. Nismo Multi-function Displays (MFD) can be bought at an extra cost, they include a lap timer, G-Force meter and an increase in boost pressure measurement to 2 bar. The R34 GT-R was made shorter in response to customer concerns who thought the R33 was too bulky.