Covisint receives North American antitrust clearance

DETROIT (Sept. 11)—The exchange under development by four auto makers received word today that the Federal Trade Commission has finished its antitrust investigation into the site. Covisint now must wait for completion of a review by the Bundeskartellamt, the German government´s antitrust regulatory agency. "While the FTC´s inquiry was extended and thorough, Covisint has been carefully planned from the beginning to address potential concerns that might arise as a result of major automotive companies forming a business-to-business exchange," said Alice Miles, co-CEO of the joint venture company. Covisint partners include DaimlerChrysler A.G., Ford Motor Co., General Motors Corp. and Renault/Nissan.