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Europe Daily Bulletin No. 8019

2 August 2001
Contents Publication in full By article 21 / 27
GENERAL NEWS / (eu) eu/competion
Green light for creation of Covisint, an automotive Internet Marketplace

Brussels, 01/08/2001 (Agence Europe) - The European Commission has authorised the automobile manufacturers Ford, DaimlerChrysler, General Motors, Renault and Nissan to create a joint-venture called Covisint. The European Executive stresses that it is not a question of a merger operation as such, given that the partner companies will not share control or have exclusive control of the new company. Covisint is therefore the first inter-company Marketplace to be examined under Article 81 of the...

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