Covisint’s exit from auctions not likely to have big impact

By Richard Truett, Automotive News

Detroit, Michingan-Covisint’s decision to shed its online auction business is expected to have little impact on an industry that has watched the company struggle since its founding nearly four years ago.

Paul Manns, Covisint’s marketing director, says last week’s sale to FreeMarkets Inc. of Pittsburgh will allow his company to focus on its latest product, an electronic data messaging service introduced in November.

Neither company would provide terms of the deal.

Manns calls the move logical. “We have been evolving our…

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Covisint’s exit from auctions not likely to have big impact

By Richard Truett, Automotive News

Detroit, Michingan-Covisint’s decision to shed its online auction business is expected to have little impact on an industry that has watched the company struggle since its founding nearly four years ago.

Paul Manns, Covisint’s marketing director, says last week’s sale to FreeMarkets Inc. of Pittsburgh will allow his company to focus on its latest product, an electronic data messaging service introduced in November.

Neither company would provide terms of the deal.

Manns calls the move logical. “We have been evolving our…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
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and Password you signed up with