RealTime IT News

Covisint Gets Final Greenlight

Covisint, an automotive ebusiness trading exchange, has been given the green light to set up shop.

As previously reported by Internetnews.com, the company -- which is comprised of DaimlerChrysler, Ford Motor Company, General Motors, Renault/Nissan, Commerce One and Oracle -- had received FTC approval in September.

On Thursday it received the nod from the German Budskellartby, a regulatory agency.

"Now that we have received the clearance we expected to, we will roll out in a controlled way," said Dan Jankowski, a spokesperson for Covisint. "We will begin doing pilots tomorrow to test the system."

The company will now begin a search for employees, a permanent location and a chief executive officer.

Forty suppliers will be working with the newly launched site, noted Jankowski, with more than 1,000 expected to participate by first quarter 2001.

At present, the suppliers involved are A.K. Steel, ArvinMeritor, Autoliv, BASF, Dana Corporation, Delphi Automotive, Denso International America, Dura, Ernie Green Corporation, Federal Mogul, Flex-n-Gate, Freudenberg NOK, Johnson Controls, Inc., Lear Corporation, Magna International, Plastech, Tower Automotive, Visteon and Yazaki International.

Covisint's aim is to streamline manufacturing operations and offer cost-savings to the supply chain as well as the end user. The site will incorporate forward and reverse auctions, catalogs and quote management.