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Yazaki to Join Covisint Exchange

12 June 2000

Yazaki to Join Covisint Exchange

    CANTON, Mich. - Yazaki North America, a leading supplier of power and
data solutions to the automotive industry, announced today their intention to 
join Covisint, the global Internet exchange being formed by General Motors, Ford
, DaimlerChrysler and other automotive companies.  George Perry, executive vice-
president of YNA made the announcement today.

    "Yazaki sees this exchange as an integral part of the evolution of the
automotive industry.  Having been asked to be a charter member in this venture
fits well with our aggressive stance of being committed to providing leading-
edge service to our customers and we see Covisint as a key element in our
drive to use e-commerce tools across our global organization.  Being one of
the first Japanese automotive suppliers to join, sends a clear signal of the
significant potential value that this venture has to the global automotive
supplier community," Perry said.

    This venture will have far-reaching implications and will cause many
companies to re-think the way they do business.  It is anticipated that when
fully implemented, the exchange will handle purchases in excess of $240
billion annually.

    According to executives at Covisint, being a part of the early formulation
and development of this exchange will help all those companies involved as
well as ensure its success.

    Yazaki Corporation is a global leader in the development and manufacturing
of vehicle power and data solutions, and is continually researching and
developing advanced electronic technologies for vehicles.  Yazaki produces
electrical distribution systems, fiber optics, advanced networking,
instrumentation, junction blocks, connector systems, electronics and advanced
technology.  Worldwide, the company employs over 100,000 people in 31
countries.