|TOLEDO, Ohio - In a move responsive to the era of the
Internet, six leading automotive suppliers today announced plans to conduct a joint study
of business-to-business Internet-enabled technologies. Through these efforts, each company
intends to improve supply-chain management, support the e-business efforts of its
customers through collaborative solutions, improve its competitive advantage by increasing
speed and responsiveness, and reduce costs at all levels of its value chains.
suppliers are Dana Corporation (NYSE: DCN), Delphi Automotive Systems Corporation (DPH),
Eaton Corporation (ETN), Motorola Inc. (MOT), TRW Inc. (TRW), and Valeo S.A. (PA: VLOF).
The companies plan to address technology issues facing the industry and identify
business-to-business technology solutions. Through their efforts they hope to identify and
implement technology solutions at lower costs, resulting in greater benefits for each
participant and its customers.
Speaking on behalf of the participating suppliers, Dana President and CEO Joe
Magliochetti said, "This initiative will be complementary to initiatives currently
underway with all our customers. The intent of this exploration is to support and
complement the activities of each participating supplier's automotive original-equipment
and aftermarket customers. We will coordinate with our customers to be sure that we are
addressing cost savings and efficiency opportunities across the entire supply chain of the
automotive manufacturing and independent aftermarket industries."
The six companies have identified several areas of mutual interest to explore the use
of emerging e-business technologies to improve supply-chain management, customer support
initiatives, and independent aftermarket activities. Their representatives will meet to
refine those objectives, develop plans, and evaluate technology solutions.
(April 3, 2000)