USA: Covisint Receives Bundeskartellamt Clearance; Automotive business-to- business exchange to launch within 30 days
Covisint have announced that the German Bundeskartellamt has concluded its comprehensive investigation, opening the way for the automotive industry's planned business-to-business trading exchange to become operational. As Covisint planning leaders expected, the Bundeskartellamt's review of the initiative was very comprehensive, and its completion echoes the clearance recently received from the U.S. Federal Trade Commission (FTC). Covisint has now received all necessary pre-formation regulatory clearances and can begin operations.
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