NEWS
Posted: 6/9/00
Delphi Automotive Systems to Join Covisint Exchange
Delphi Automotive Systems announced that it has signed a letter of intent to join Covisint (www.covisint.com), the global Internet exchange being formed by General Motors, Ford, DaimlerChrysler, Renault and Nissan. Richard L. Radecki, corporate director of the Delphi e-business program office, made the announcement.
According to Radecki, Delphi plans to use Covisint as the primary exchange for conducting electronic transactions with customers and suppliers. Delphi is the world's largest automotive supplier with revenues exceeding $29 billion in 1999. Delphi purchased more than $15 billion of goods and services last year.
Officially named Covisint last month, the new venture will be established as an independent company and will offer products and services designed to help auto makers and suppliers achieve efficiencies throughout the supply chain. Currently, Commerce One (www.commerceone.com) and Oracle (www.oracle.com) are the two primary technology providers to the planned venture. Covisint will integrate best-of-breed technologies to provide solutions for its customers.
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