Covisint Japan K.K. Established; Locates Headquarters in Tokyo

   

                 Subsidiary to Serve the Asia/Pacific Region

    TOKYO, July 18 Covisint Japan K.K. today announced that it
officially has been established as the Japanese subsidiary of Covisint,
L.L.C., the joint venture of DaimlerChrysler, Ford, General Motors, Nissan,
Renault, Commerce One and Oracle.  Since its inception, PSA Peugeot Citroen
has also joined the initiative.  Headquarters offices of the company will be
located in Tokyo.
    
    "This is a significant step forward for our Asia/Pacific operations," said
Luc Hovan, managing director, Covisint Japan.  "We now will have the ability
to conduct business in the region, bringing the Covisint solutions to the
automotive industry customers from Japan to Australia and from South Korea to
China.

    Covisint Japan's offices will be located in Tokyo.  The company's small
current staff will be expanded to support its growing customer base of
Japanese automakers and suppliers.  "The location offers easy accessibility to
a number of our key customers, and serves as an appropriate venue from which
to manage the region's business requirements," said Hovan.

    "Formally establishing our Japanese operations in Tokyo signifies the
importance the Japanese market holds for our company, and the respect we have
for the leading automotive manufacturers and suppliers that are headquartered
here," said Kevin W. English, chairman, president and CEO, Covisint, L.L.C.
"It also reinforces our stated mission to connect the global automotive
industry."

    Covisint's tools for product development, procurement, and supply chain
management are now available to customers.  Through the end of June, 2001,
Covisint had more than 1,000 companies registered on the exchange.  Its
customer procurement activity included more than 420 online bidding events
with more than $33 billion in transactions, and more than 20,000 transactions
from 200-plus catalogues featuring 2.5 million individual items.  Covisint's
Virtual Project Workspace and Quote Manager products have more than 500 seats
sold and in use among OEM and Tier 1 customers, and its supply chain tools are
in use by more than 1,500 customers in the automotive industry.