Collins & Aikman Announces Participation in Covisint Exchange.Business Editors, Automotive Writers TROY, Mich.--(AutomotiveWire)--Oct. 10, 2000 Collins & Aikman Corporation (NYSE NYSE See: New York Stock Exchange :CKC CKC Canadian Kennel Club CKC Chiang Kai-Shek (former leader of the Republic of China) CKC California Kiwifruit Commission CKC Cool Kids Club CKC Cairo Kidney Center CKC Cold Knife Cone (biopsy) ) today announced that it has officially joined Covisint, the global Internet-based product exchange formed by General Motors, Ford, DaimlerChrysler, Renault and Nissan. In making the announcement, Thomas E. Evans, Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Collins & Aikman, said, "Joining Covisint underscores our commitment to be an industry leader in OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and business-to-business initiatives. We believe Covisint will provide benefits to the entire automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. by promoting innovative product solutions and by creating common standards and an infrastructure that reduces system inefficiencies through improved communications between suppliers and customers. Given Collins & Aikman's unique position as both a key Tier One and major Tier Two This article or section documents a scheduled or expected spaceflight. Details may change as the launch date approaches or more information becomes available. supplier, participation in Covisint not only will enhance our own business opportunities but also will provide benefits for our customers and suppliers worldwide." Evans continued, "Our participation in Covisint should allow Collins & Aikman to improve its competitive position in the marketplace through reduced time to market, lower procurement costs and enhanced overall efficiency of Collins & Aikman's entire supply chain operations. As we continue to build upon our leading market positions in convertible tops, automotive fabric, and floor and acoustics systems technology, participation in electronic commerce such as Covisint's will be increasingly more important." Collins & Aikman Corporation (NYSE:CKC), is the global leader of floor and acoustic systems and a leading supplier of automotive fabric, interior trim, and convertible top systems. The Company's operations span the globe with 63 facilities and more than 15,000 employees in 12 countries who are committed to achieving total excellence. Collins & Aikman's high-quality products combine industry-leading design and styling capabilities, superior manufacturing capabilities and the industry's most effective NVH NVH Noise, Vibration and Harshness NVH Nahverkehr Hohenlohekreis (German) NVH Noise Vibration and Harshness "quiet" technologies. For more information about Collins & Aikman, visit the Company's web site at www.collinsaikman.com. |
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