Covisint, the global independent e-business environment for the automotive industry, has entered into a strategic agreement to collaborate with Azertia, the leading Spanish e-business consultancy.

The collaboration offers Spanish OEMs and the supplier market an opportunity to benefit from Covisint's state-of-the-art products and services as well as from Azertia's local knowledge and expertise of the Spanish automotive market.

Both companies aim to assist in developing and improving supply chain management processes, resulting in cost savings and improved collaboration and efficiencies.

The agreement has been endorsed by Odette Espana, the organization founded by manufacturers and suppliers of the automotive industry to produce tools and recommendations to improve supply chain management.

The principal objective of Odette Espana is to acknowledge and promote all initiatives in relation to B2B processes and information technologies that benefit the automotive sector, ensuring the whole industry consistently receives the latest information.

Spain is a key automotive market, being the third largest vehicle-producing country in Europe and the fifth world-wide.  Twelve OEMs based in Spain include Ford, General Motors and DaimlerChrysler, as well as Renault, Nissan, PSA Peugeot Citroen and Volkswagen.

The automotive sector represents 6.3% of Spain's GDP generating 40 billion euros per annum and employing 2.2 million people.

The Spanish automotive sector exports 82% of all new manufactured vehicles equating to 26.6% of the Spanish export market.