Auto Industry Procurement and Production to Be Special Focus at eAutoWorld Conference

The century-old relationship between vehicle manufacturers and their parts and components suppliers will be profoundly affected by the Internet in the next several years, with fundamental changes likely in many areas. The future of automotive development and manufacturing will be the focus of a special track at the upcoming eAutoWorld conference on June 19-21 at the Hyatt Regency Hotel in Chicago.

"We're featuring a diverse group of top executives from the automotive industry who will talk about the transformation already taking place in the industry due to use of the Internet to connect manufacturers, suppliers, dealers and consumers," said John Couretas, vice content chair of eAutoWorld at eMarketWorld.com. "With the formation of Covinsint, the business-to-business Internet exchange developed by General Motors, Ford and DaimlerChrysler to conduct business with their suppliers, it's clear that the auto makers want to move quickly into cyberspace. This single exchange will bring all of the major suppliers and the manufacturers together in a virtual environment that has the promise to save billions of dollars and shave weeks off the production and distribution of cars and light trucks in North America and around the world."

According to various industry sources, utilization of the Internet could have the following impact on the automotive industry:

  • A cost savings of over $1,000 per vehicle
  • Further consolidation/globalization of the supply base
  • Reduction by one-third to one-half in traditional 60-100 vehicle
    inventories
  • Mass customization allowing manufacturers to differentiate similar vehicles with consumer-requested options
  • Decrease vehicle development time from 12-18 month cycle

    "Because the rate of change and adaptation has been so rapid in this area, we expect to hear some very new and different perspectives from the executives participating in the conference," Couretas said.

    The conference will feature auto industry-related presentations from executives representing General Motors, Ford, DaimlerChysler, Delphi, IBM, Motorola, Microsoft, J.D. Power & Associates and EDS.

    Registration fee for the show is $1,295, which includes admission for more than 50 presentations and workshops and exposition floor featuring offerings from 75 companies. To register or for additional information, contact 800-942-9770 or www.eautoworld.com .

    eAutoWorld is produced by eMarketWorld.com, an Internet company that combines vertical industry-specific conferences with highly transactional exchange floors to form an eBusiness Marketplace to educate senior executives on the opportunities offered by the Internet and enable them to accelerate their impact on the new economy. These content-rich programs are targeted toward buyers and sellers and promote dynamic networking and knowledge sharing opportunities. Each conference explores the critical issues facing the rapidly changing and fiercely competitive Internet landscape.

    eMarketWorld.com plans to coordinate more than 50 conferences by the end of 2000, including @d:tech and eHealthcareWorld. EMarketWorld.com is a partner company of Internet Capital Group (Nasdaq: ICGE - news). To obtain information on all of eMarketWorld.com's conferences and trade shows, please call 804-643-8375 or visit www.eMarketWorld.com .