Business Services Industry
Automakers' Online Exchange Adds Momentum.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, May, 2000 by McCracken, Jeffrey
May 20--The automotive on-line exchange that just this week was christened Covisint has received key membership boosts with one "yes" and one "maybe."
Meritor Automotive Inc., a Troy-based supplier of such parts as sunroofs and suspension systems, is the first parts supplier to publicly declare it will participate in the exchange formed by General Motors Corp., Ford Motor Co. and other automakers.
Meritor, with sales of $4.5 billion in 1999, will also receive a seat on the exchange's customer advisory council. That seat is to be held by S. Carl Soderstrom, Meritor's senior vice president of quality, procurement and engineering.
The exchange, which automakers want to use for on-line purchasing and supplier communication, also has received...
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