Covisint Attracts Another Automaker

Compiled ByDave Schafer French automaker PSA Peugeot Citroën has committed to an equity stake in the Covisint automotive e-business exchange and will begin conducting business-to-business operations worldwide on Covisint. Peugeot, the sixth largest automaker in the world, says it will use the exchange's collaborative e-commerce, procurement, and supply-chain management capabilities through a portal that allows the automaker to reflect its own brand presence to its suppliers. "The comprehensiveness and strength of the Covisint product offerings made this a logical decision for our company," says Herve Guyot, vice president, purchasing, Peugeot. "Covisint fits well with other business-to-business initiatives being developed within our organization." Peugeot, which last year sold 2.8 million units worldwide, accounts for more than 5% of the global automotive market.