Issue: Mar 2009


GlobalAutoIndustry.com to Offer Online Auction Service to Help Companies Liquidate Excess Inventory



by Steve Barclay

GlobalAutoIndustry.com, the leading worldwide portal and intelligence source for the automotive industry, today announced that it has created an online auction service for manufacturing companies to liquidate their excess inventory and generate revenue in these tough economic times.

The online auction service creates an instant pipeline to 34,000 automotive industry executives worldwide and provides the exposure needed to sell the products.

GlobalAutoIndustry.com has been supporting suppliers in their global efforts for over ten years and has now included an online auction service as part of its strategy to better serve manufacturing suppliers with their needs and improve the way they conduct business around the globe today.

"Creating an online auction service puts us in a unique position to better support manufacturing suppliers today. Through this online auction, we will be able to assist global suppliers and buyers to do business online," states Michael DaMour, Sr. VP Global Business Development of GlobalAutoIndustry.com. "Sellers will be able to move that excess inventory they haven't been able to and buyers will benefit greatly from this."

GlobalAutoIndustry.com connects the worldwide auto supplier industry with the resources to effectively do business globally. Through the web site, www.GlobalAutoIndustry.com, auto supplier executives can find insight, solutions and strategies focused on doing business in the world's top automotive markets.

Monthly eJournals provide targeted information and insight on doing business in foreign automotive markets and GlobalAutoIndustry.com Solutions provide effective international answers to suppliers' global business and operational needs. The Company's eJournals, including CHINAtalk, ASIAtalk, EUROtalk, AMERItalk, LATINtalk and GLOBALtalk HR, now reach over 34,000 automotive supplier subscribers worldwide.

Parent company, HCI Group Ltd., is based in Detroit, Michigan, with European headquarters in Amsterdam, the Netherlands.

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