Visteon's entrance into Covisint comes just days after the Federal Trade Commission approved the exchange. Covisint is still waiting for Germany's antitrust regulatory agency to give the go-ahead, which is expected to happen in the next few months.
The Dearborn, Mich.-based company says it will help Covisint conduct electronic transactions with customers and suppliers. Visteon also said the move will allow it to expand its e-business strategies and growth and will help it reduce costs.
Visteon, which had $19.4 billion in revenues last year, offers consumer-driven technology solutions to automotive manufacturers.