Valeo signs Marketplace
PITTSBURGH - FreeMarkets Inc., a business-to-business e-marketplace, has signed a two-year agreement with Valeo Inc. FreeMarkets will provide Valeo with access to its B2B Global Marketplace. Valeo expects to use the marketplace for more than $300 million in goods and services in 2001.
'I firmly believe that reverse auctioning will help us streamline our supply base,' said Christine Benard, Valeo Group vice president of purchasing.
Valeo is an independent supplier of automotive components, integrated systems and modules. Terms of the agreement were not disclosed.
In an unrelated development, FreeMarkets Inc. has introduced QuickSource to allow organizations to create and run e-markets from their desktops.
Through a do-it-yourself interface, QuickSource allows buyers to create and post electronic Requests for Quote, collaborate with and manage suppliers, create and run real-time, online markets and award contracts - all from their desktops.
QuickSource application runs on the Microsoft Windows 2000 platform.
Hogan is speaker
DETROIT - Mark Hogan, president of e-GM, will speak April 10 in Detroit at the eAutoWorld conference at Cobo Center.
This is the first time that eAutoWorld is holding a conference in Detroit. The conference will explore the impact of the Internet and other emerging technologies on all aspects of the auto industry, from production to retailing to the aftermarket.
The conference will offer four tracks - e-supply, dealer strategies, aftermarket parts and accessories, and iVehicle.
IBM, Trilogy make deal
WHITE PLAINS, N.Y. - IBM and Trilogy have formed a partnership to market e-business software to companies in the financial services and automotive industries.
The companies say their products will help automakers use the Internet to work with their dealers more effectively. For instance, one Trilogy software application will allow dealers to find the exact vehicle of choice from inventory or scheduled production, resulting in faster delivery of vehicles to consumers.