General Motors Corp., Ford Motor Co. and DaimlerChryser AG have invested $200 million in Covisint since its launch in February. Renault SA and Nissan Motor Co. have signed on to join the exchange as non owner participants. together, the five auto makers could potentially process up to $300 billion in annual purchases of items such as office supplies and engine parts through Covisint.
In a separate development, Dearborn, Mich.-based Visteon Corp. last week announced that it plans to participate in the Covisint exchange. Visteon is the world's second-largest automotive supplier, with a revenue of $19.4 billion last year.