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Technology Stocks : Commerce One Inc - (CMRC) -- Ignore unavailable to you. Want to Upgrade?

To: sam who wrote (996)	2/25/2000 11:36:00 AM
From: sam	Read Replies (1) \| Respond to of 1938

GM, DaimlerChrysler to Join Ford Online Purchasing, People Say By Greg Gardner GM, DaimlerChrysler to Join Ford Online Purchasing, People Say Detroit, Feb. 25 (Bloomberg) -- General Motors Corp. and DaimlerChrysler AG will join Ford Motor Co.'s online auto-parts purchasing venture, AutoXchange, said people familiar with the companies' plans. AutoXchange, a venture Ford formed with database software maker Oracle Corp. in November, was created to reduce the No. 2 automaker's costs. GM also formed a similar venture with Commerce One Inc. in November, and the people said Commerce One will retain a role in the new alliance. The three biggest U.S. automakers have scheduled a joint press briefing for 11:45 a.m. local time at GM's technical center in Warren, Michigan. The automakers and Oracle declined to comment. The combined effort reflects the industry's desire to cut the more than $200 billion they spend annually on parts and materials. It also means Ford and Oracle's AutoXchange will supercede GM's TradeXchange as the dominant electronic tool for speeding up the buying and selling of those parts. GM rose 1 7/8 to 77 1/8 in midmorning trading, while Ford shares rose 7/8 to 43 3/8. DaimlerChrysler's U.S. shares rose 2 1/8 to 64 1/64. Oracle shares rose 3 11/16 to 65 5/8. Commerce One shares rose 21 to 200. quote.bloomberg.com