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Meritor Automotive Announces Intent to Participate In Internet Exchange

19 May 2000

Meritor Automotive Announces Intent to Participate In Covisint's Global Automotive Internet Exchange
           Leading Global Supplier Among First to Join New Venture

    TROY, Mich., May 19 Meritor Automotive Inc.
today announced it intends to participate in the planned global Internet-based
business-to-business communication system General Motors, Ford,
DaimlerChrysler, Renault and Nissan are forming, pending all governmental and
legal approvals of the new venture.  The agreement marks Meritor as one of the
first suppliers to announce its intention to join the new Internet Exchange.
    Meritor will become a member of Covisint's Customer Advisory Council.
This will allow Meritor to actively participate in the development of the
exchange.
    Meritor Chairman and Chief Executive Officer, Larry D. Yost, said:  "Being
one of the first suppliers to join Covisint underscores our commitment to take
the lead in e-business initiatives.  This will allow Meritor to both
communicate more efficiently in real-time with our own suppliers and transact
business via the Web to improve the overall speed and efficiency of our supply
chain.  As a result, we anticipate enhanced revenue streams, reduced supply
chain costs and compressed cycle times.
    "In addition to making plans to join the Covisint exchange, we're taking
several other proactive steps to improve overall supply chain efficiency and
speed.  Among them is our participation in e-auctions for global procurement
of maintenance, replacement and operational (MRO) and direct material.  We
believe the new planned Web exchange will offer tremendous opportunities in
worldwide collaborative commerce, engineering and material supply management,"
Yost said.
    "Meritor's commitment clearly represents a significant step forward in
Covisint's planning stages for the benefit of the entire automotive
community," said Gregory Mekjian, director of the GM TradeXchange and a member
of the executive team planning Covisint.  "We value the importance of gaining
a better understanding of the needs and concerns of potential customers, and
to ensure we're receiving input throughout the development of the exchange."
    Officially named Covisint earlier this week, the new venture will be
established as an independent company and will offer products and services
designed to help auto makers and suppliers alike achieve unprecedented
efficiencies throughout the supply chain.  Currently, Commerce One and Oracle
are the two primary technology providers to the planned venture.  Covisint
will integrate best-of-breed technologies to provide solutions for its
customers.