How big will it get? Nissan Motor Co. and Renault SA plan to join an unnamed Internet parts-purchasing company organized by General Motors, Ford Motor Co. and DaimlerChrysler. The five partners will have a combined purchasing power of $300 billion. In addition to creating a single channel to purchase components, the online system is supposed to strengthen the flow of information with suppliers and speed product development.
It is too early to say when operations will begin or how much each partner will invest, said Nissan spokesman Ryuji Nakayama. General Motors, Ford and DaimlerChrysler announded in February that they will join forces in the Internet venture to handle purchasing of raw materials, parts and office supplies.