Covisint's Last Chance

CIO, December, 2002 by Christopher Koch

Harold Kutner is Covisint's last chance. That's because this GM insider—its purchasing chief until he retired in 2001—was also its first chance, helping to form the auto industry e-commerce exchange with his bitter rivals at Ford and DaimlerChrysler. Both of those companies, like GM, had begun building their own public exchanges to conquer the industry before deciding to throw in their lot together with Covisint. Wall Street analysts valued Covisint at $5 billion at its formation in early 2000, at the height of the Internet bubble. These days, however, it's not clear that the auto industry needs even one public exchange, much less three.

Seething enmity and mistrust between vehicle manufacturers and their suppliers aside, Covisint (pronounced CO-viss-int) has not developed...

Read the full article with a Free Trial at MyWire.

Premium Content Partnership | MyWire provides an in-depth online archive library of reference works.