Print
E-mail
Share
digg
Newsvine
Facebook
Stumble
Technorati
reddit
Fark
twitterVirtual marketplace created by automakers
Friday, Feb. 25, 2000 | 11:24 a.m.
THE ASSOCIATED PRESS
WARREN, Mich. -- General Motors Corp. and Ford Motor Co. will merge their Internet-based supply exchanges and DaimlerChrysler will join the new venture, the companies announced today. The exchanges are aimed at helping automakers cut costs.
The venture will be open to all auto manufacturers and suppliers, creating one of the world's largest virtual marketplaces.
"Not only is it unprecedented for GM, Ford and DaimlerChrysler to come together to form this type of joint venture, but it's also the largest Internet business ever created," said Harold Kutner, vice president for GM worldwide purchasing. GM buys $87 billion a year from its suppliers, Ford buys about $80 billion and DaimlerChrysler purchases about $80 billion worldwide.
archive
- Most Read
- Discussed
- Most E-mailed
- As earnings fall, Riviera unsure if bankruptcy can be avoided
- Trial set for parents of boy, 4, who died in hot vehicle
- Scientology foe’s arrest raises issue of rights
- Las Vegas home prices, sales rise in October
- Miguel Cotto camp says big cut in June fight an asset now
- NY-NY sues Calif. man alleging trademark infringement
- If you can rebuild the whole car, then why not allow an engine change?
- Cada cherishes moment as poker’s youngest champ
- Fight snapshot: Arum takes a pot shot during Pacquiao training
- $5.1 million later, life goes on for Darvin Moon
Blogs
High School Sports Scene
Prep Football: Week 12 Picks
The Kats Report
Of tanking, drugs and 'Slim': In 'Open,' Andre Agassi beats the odds
Robin Leach's Las Vegas Celebrity Watch
Who are the Final Four on Dancing With the Stars?
Politics: Ralston's Flash
Drugs bring Nevada governor, first lady back together (3 Comments)
Elsewhere
Macau's gambling industry faces nightmare of water rationing (3 Comments)
Top Chef: Las Vegas
Top Chef Odds Week 11: And then there were six
Politics: The Early Line
Rep. Berkley livens health care debate with story of her own (2 Comments)
Calendar »
- 11 Wed
- 12 Thu
- 13 Fri
- 14 Sat
- 15 Sun
-
Days of the New at Wasted Space
Wasted Space | 10 p.m. to 11:59 p.m.
-
DJ Boris at Godskitchen
Body English | 10:30 p.m. to 11:30 p.m.
-
Holding on to Sound at Beauty Bar
Beauty Bar | 10 p.m. to 11:59 p.m.
-
Rockabilly Wednesay at Revolution Lounge
Beatles Revolution Lounge | 10 p.m. to 11:59 p.m.
The Sun
Locally owned and independent for more than 50 years.
