The trio are recruiting other automakers who would also receive a stake in the still-unnamed company. The exchange integration project is already under way and will be completed fairly quickly, a GM spokesman says. This development takes the power of the Internet to its extreme. The ability to bring together the three biggest domestic automakers in this program shows how the Internet provides a unified communications tool. It may be expanded to encompass other unspecified industries, according to a statement by the car companies.
Plans call for taking the company public at a future date.
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