Business Services Industry
Automakers Will Go Their Own Way On Trading Systems.
Kiplinger Business Forecasts, June, 2001
Byline:Martyn Chase
The Big Three automakers will continue drifting away from Covisint, their industrywide online exchange, and concentrate on proprietary private trading exchanges (PTXs) that each has set up to streamline design, production and components procurement. They're keeping the joint venture Covisint alive, but after a glitzy rollout last year, they realized that it might be causing them to give away private company information.
Instead, the automakers are joining a broader cross-industry trend to PTXs, which offer the advantages of high-speed network communication with customers, subcontractors and suppliers. Big manufacturers in a range of industries that includes metals and chemicals are taking the PTX route for many of their largest...
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