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General Motors Introduces Procurement Web Site for GM Dealerships

June 17, 2002

General Motors Corporation announced June 17 the creation of GM Dealer Supply Advantage, a procurement Web site designed to drive cost savings for GM dealers. Supported by Covisint, LLC and The Reynolds and Reynolds Company, this web-based procurement site will enable GM dealers to leverage the substantial purchasing power of General Motors, according to the company.

"Dealerships spend a substantial amount per year on maintenance, repair and operating supplies, forms and other supplies. The idea behind GM Dealer Supply Advantage is to reduce these costs by providing a wide selection of products and services to GM dealers all in one efficient marketplace," said Bill Lovejoy, GM group vice president, Vehicle Sales, Service and Marketing. "This Web site will provide GM dealers with prices that are based on aggregated GM purchasing volumes and enable our dealers to become more competitive – in a very competitive market."

According to GM, dealers who subscribe to this service will access GM Dealer Supply Advantage by an external link through GM DealerWorld, an Internet portal used by all GM dealerships. Once in GM Dealer Supply Advantage, dealers can access the "MarketPlace" hosted by Covisint to purchase office supplies and other commodities and products from a variety of suppliers. "The synergy created by bringing suppliers together in one marketplace will enable GM dealers to lower costs and increase the efficiency of their supply planning – ultimately saving time and money," said Kevin English, CEO of Covisint.

The company says dealers can also visit Reynolds and Reynolds’ ReySource, Reynolds’ online ordering solution, directly from GM Dealer Supply Advantage for all their dealership form needs. "What GM Dealer Supply Advantage offers GM dealers is an array of value points, including convenient one-stop shopping, lower prices and a streamlined process. It’s an application that grows with the dealership, giving retailers access to their supply procurement information like never before," said Buzz Waterhouse, CEO, chairman and president of Reynolds and Reynolds.

"In the end, we believe that GM Dealer Supply Advantage will enable our dealers to offer consumers more value at the point of transaction, resulting in better customer satisfaction and higher overall sales," said Lovejoy.

According to the company, GM Dealer Supply Advantage will be available for use by dealers beginning in late June. Dealers can subscribe by contacting their Reynolds and Reynolds representative.

About General Motors

General Motors designs, builds and markets cars and trucks worldwide. It employs about 362,000 people globally. More information on General Motors can be found at www.gm.com.

About Covisint

Covisint is a global solutions provider partnering with the automotive industry. The company’s focus is to improve the effectiveness of processes such as collaborative product development, procurement and supply chain management. Covisint was founded by DaimlerChrysler, Ford, General Motors, Nissan, Renault, Commerce One and Oracle. Since its inception, PSA Peugeot Citroën has also joined the initiative. Covisint has headquarters in Amsterdam, Tokyo and Southfield, Mich. For more information about Covisint, visit www.covisint.com.

About The Reynolds and Reynolds Company

Reynolds and Reynolds (www.reyrey.com) is a provider of integrated solutions that, according to the company, help automotive retailers manage change and improve their profitability. The company's product, service and training solutions include a full range of retail and enterprise management systems, networking and support, e-business applications, Web services, learning and consulting services, customer relationship management (CRM) solutions, data management and integration, and leasing services. Reynolds serves more than 20,000 customers.

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