Peugeot/Citroen Joins Covisint.(Brief Article)

Covisint's Board of Directors said that, French automaker PSA Peugeot Citroen, ,the sixth-largest car manufacturer in the world, has committed to take an equity stake in the automotive e-business exchange. Peugeot will begin conducting business-to-business operations worldwide on Covisint. The company, which last year sold 2,816,000 units worldwide, accounts for more than 5 percent of the global automotive market.

"PSA Peugeot Citroen's decision to join Covisint clearly indicates its leadership among global automakers as a company intent on harnessing the power of the Internet for the ultimate benefit of its customers," said Kevin W. English, chairman, president and CEO of Covisint, L.L.C. "We welcome them to the Covisint family."

PSA Peugeot Citroen will use Covisint's supply chain management, collaborative e-commerce and procurement in the company's dealings with its suppliers. "The comprehensiveness and strength of the Covisint product offerings made this a logical decision for our company," said Herve Guyot, vice president, purchasing, PSA Peugeot Citroen.

"The addition of Covisint's products to the other technology initiatives we are implementing should present us with significant opportunities to gain real value for our company, our suppliers and our customers, he added."

PSA Peugeot Citroen will join the Covisint European Advisory Council when it is established later this year.

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