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Covisint Establishes Corporate Entity

11 December 2000

Covisint Establishes Corporate Entity

                  Automotive e-business exchange becomes LLC

    DETROIT, Dec. 11 Covisint announced today its official
transformation from a planning organization to a Delaware LLC (limited
liability company).  Effective immediately Covisint becomes a multi-member
joint venture known officially as Covisint, LLC with DaimlerChrysler AG, Ford
Motor Company, General Motors, Nissan, Renault, Commerce One and Oracle as
members.
    This is another milestone for Covisint, following its clearance by the
Federal Trade Commission and German Bundeskartellamt and its successful launch
of the exchange at the end of September.  Announced in February 2000, Covisint
is an e-business exchange developed by DaimlerChrysler, Ford, General Motors,
Nissan and Renault.
    Today, Covisint has more than 250 customers on two continents engaged in
activities on the exchange including catalogs, auctions, quote management and
collaborative design.  Its current product and service offering is focused on
procurement, supply chain and product development solutions.
    "Covisint has gone from a vision to a planning organization to a company
in less than 12 months," said Dan Jankowski, Covisint spokesperson.  "This
unprecedented partnership is history-making on many levels and Covisint is
poised to assume a leading role in providing services to customers in the
global automotive marketplace."

    About Covisint
    Covisint is an e-business exchange developed by DaimlerChrysler, Ford,
General Motors and Nissan and Renault, to meet the needs of the automotive
industry.  Covisint will provide original equipment manufacturers (OEMs) and
suppliers the ability to reduce costs and bring efficiencies to their business
operations.  Covisint's temporary headquarters are located in Southfield,
Mich.  Covisint expects to establish offices in Europe and Asia.  For more
information visit http://www.covisint.com .