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Chrysler Group Named 2006 Corporation of the Year by the Canadian Aboriginal Minority Supplier Council

 
AUBURN HILLS, Mich., Oct, 17, DiversityBusiness.com/ -- Chrysler Group was hailed as the 2006 "Corporation of the Year" by the Canadian Aboriginal Minority Supplier Council (CAMSC). The award, which is the Council's most prestigious, will be presented to DaimlerChrysler.

"In highlighting the successes of these companies, we are showcasing some of the forward-thinking businesses that have recognized the tremendous positive impact aboriginals and minorities have in the development of the Canadian economy," said Orrin Benn, President of the CAMSC. "We are incredibly proud of these organizations and we sincerely commend their efforts toward building a truly diverse and productive Canadian business community."

The "Corporation of the Year" award is given to the company that has a significant impact in aboriginal and minority business development and clearly demonstrates efforts to help minority businesses develop and prosper.

"Receiving the CAMSC's 'Corporation of the Year' award is a wonderful way for DaimlerChrysler to be recognized for its efforts," said Peter Rosenfeld, Chrysler Group Executive Vice President -- Procurement and Supply. "Our company has actively supported minority business development for several years. Last year, we led the industry by spending almost 13 percent of our dollars with minority suppliers. We are very proud to be recognized for our commitment to Diversity Supplier Development."

In addition to Chrysler Group's overall minority supplier spend, several vehicles contain large amounts of minority-supplied content, including the 2006 Jeep(R) Commander and Jeep Grand Cherokee, which has various components valued at $143 million; and the award winning 2006 Chrysler 300C and 2006 Dodge Charger, manufactured in Ontario, Canada, contain $140 million in minority content on the vehicles. Minority supplier expertise can be found on the inside and the outside of the vehicles -- stamping, interior trim, electrical and logistics.

DaimlerChrysler has been recognized by other organizations for its commitment to minority supplier development. The Company received the National Minority Supplier Development Council's Corporation of the Year award: in 1986, 1993 and 2000. The Corporation also was recently named "Corporation of the Year" by the Michigan Minority Business Development Council for the sixth time, since 2000. DaimlerChrysler was selected as America's Top Organization for Multicultural Business Opportunites for supporting Women and Diversity Owned companies by DiversityBusiness.com for the Year 2005.

DaimlerChrysler Diversity Supplier Development
Since 1983, DaimlerChrysler has been a leader in supporting minority business enterprises and has sourced more than $27 billion to minority-owned companies. In 2005, DaimlerChrysler spent $3.8 billion with minority suppliers, which represents 13 percent of its total purchasing spend and an increase of $400 million from the previous year.

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