US automotive components supplier ArvinMeritor became the first company to conduct actual business via the electronic trade exchange Covisint on Tuesday (3/10/00), writes the UK's Financial Times (4/10/00). The outcome of this first auction for ArvinMeritor, involving injection-moulded plastics, was quite satisfying, writes the FT citing Peter Weiss - an interim co-chief executive at Covisint - when addressing the Autologistics conference in Chicago on Wednesday (4/10/00).