By Kate Hanaghan, 12 July 2001 11:41
NEWS Volkswagen has snubbed automotive e-marketplace Covisint in a deal to increase the automotive company's number of internal online auctions.
The VW organisation, which includes brands such as Audi and Skoda has extended a deal with EDS company eBreviate. The group will use eBreviate's e-sourcing software to carry out auctions with suppliers for car parts.
The move is a blow for Covisint, which was founded by Ford, General Motors and DaimlerChrysler. The company also managed to entice Renault and Nissan to join up.
However, Dan Jankowski, VP of corporate communications for Covisint, hit back by saying that the move was more of a disappointment for the supplier community. He told the Associated Press: "It's a big industry. Volkswagen is one company."
Covisint runs on the Commerce One platform. Yesterday Commerce One announced that it had gained shareholder approvals in its move to become a holding company.
Consequently, the B2B software maker will now be able to retain its two per cent stake in the e-marketplace in return for handing over more than 14 million shares to Covisint founders.
For related news, see
Ford's boasts not all they appear
http://www.silicon.com/a45484
Covisint drives a hard bargain for Ford
http://www.silicon.com/a45455
B2B to defy misplaced pessimism
http://www.silicon.com/a44501
Covisint turns billions in DaimlerChrysler deal
http://www.silicon.com/a44448
Oh Lord, won't you buy me a Mercedes-Benz (online)
http://www.silicon.com/a44452
Daimler Chrysler claims victory with Covisint B2B platform
http://www.silicon.com/a42059
In order to post a comment you need to be registered and logged in.
Log in or create your silicon.com account below