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Half-hearted embrace for Covisint; Uncertainty has suppliers at arm's length.(Automotive Internet exchange has $129 bn in transactions during the first six months of 2001)(Internet/Web/Online Service Information)(Brief Article)(Statistical Data Included)
Crain's Detroit Business, September, 2001 by Strong, Michael
Plagued by a lack of clear leadership, suspect commitments from its founders an uncertainty regarding product offerings, Covisint L.L.C. is struggling to inspire loyalty from automotive suppliers. The automotive Internet exchange handled $129 billion in transactions during the first six months of this year and expects to handle about $300 billion annually.
But many suppliers have not yet embraced it. General Motors Corp., Ford Motor Co. and DaimlerChrysler AG founded Covisint in February of 2000. The Southfield-based exchange allows users to perform tasks - ranging from procuring office supplies and hosting parts auctions to designing and engineering parts with more than one company - in a secure environment. About 2,000 companies have registered to use the...
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