General Motors' online exchange, managed by Commerce One, will be folded into Covisint. Electronic purchasing and selling takes place between different companies typically through email or the Web. The automotive marketplace founded by GM, Ford, DaimlerChrysler, Oracle and Commerce One. The name stands for Cooperation, Vision and Integration. The highest bidder generally gets the products.
Bidders lower their prices to win contracts.
The vertical B2B industry may include Oracle, Commerce One, Ariba, VerticalNet and other companies that help build and maintain online marketplaces. Inc. All rights reserved.