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GM conducts first online auction on new TradeXchange web site - Company Business and Marketing - Brief Article

Telecomworldwire, Dec 21, 1999

TELECOMWORLDWIRE-21 December 1999-GM conducts first online auction on new TradeXchange web site (C)1994-2000 M2 COMMUNICATIONS LTD http://www.m2.com

Vehicle manufacturer General Motors Corp (GM) has conducted what it claims to be the automotive industry's first-ever Internet-based business-to-business auction.

Involving 108 supplier companies, the auction was conducted on GM's new TradeXchange web site. In addition, GM buyers have now begun purchasing on the web site through its catalogue function.

The exchange, which is powered by Commerce One, will provide participants with a third way to conduct transactions - an online bid-quote process - in 1Q'2000.

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