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Ford Motor Company Spends Record Amount With Minority- and Women-Owned Suppliers in 2007
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DEARBORN, Mich., – June 02, 2008/ DiversityBusiness.com -- Ford Motor Company
North America set a new record in purchasing spend from minority- and
women-owned business enterprises (MWBE) in 2007. Ford purchased a record
$4.2 billion in goods and services from tier one minority-owned suppliers
and broke through the billion-dollar barrier by spending $1.2 billion with
tier one women-owned suppliers.
Ford's tier one suppliers also achieved an all-time record high,
sourcing a combined $2.1 billion with tier two minority- and women-owned
business enterprises. In 2006, Ford purchased a combined $5.4 billion in
goods and services from its minority- and women-owned business enterprises,
including direct spending of $1.8 billion in purchases at the tier two
level.
"Despite tough economic conditions, Ford continues to maintain
leadership in supplier diversity development," said Tony Brown, group vice
president, Global Purchasing. "Ford's diverse suppliers are an important
component of the company's goal in delivering profitable growth through
supplier contributions to quality, innovation and market competitiveness."
The 2007 increase reflects continued efforts to sustain and grow
production and non-production business with minority- and women-owned
business enterprises within the company's base of strategic suppliers in
Ford's Aligned Business Network (ABF). The ABF program emphasizes stronger
collaboration between Ford and its suppliers and provides greater
opportunity for minority- and women-owned business enterprises to build
scale, achieve profitable growth and become sustainable enterprises over
the long term.
Last year, Ford expanded its ABF network, which now includes 10
minority- and women-owned suppliers. These ABF suppliers include:
- Bing Group
- Dakkota
- Devon Industrial Group
- Evigna
- East West Industrial Engineering (EWIE)
- Flex-N-Gate
- Global Parts & Maintenance
- Gonzalez Production Systems
- Grupo Antolin Wayne
- Prime Wheel
"This is about economic empowerment and working with our minority- and
women-owned suppliers to operate profitably together," said Armando Ojeda,
director, Supplier Diversity Development, Global Purchasing. "Ford also
understands the importance of maintaining a supply base that reflects its
customer base."
About Ford Motor Company
Ford Motor Company, a global automotive industry leader based in
Dearborn, Mich., manufactures or distributes automobiles in 200 markets
across six continents. With about 244,000 employees and about 90 plants
worldwide, the company's core and affiliated automotive brands include
Ford, Lincoln, Mercury, Volvo, Mazda, and until completion of their sale,
Jaguar Land Rover. The company provides financial services through Ford
Motor Credit Company. For more information regarding Ford's products,
please visit http://www.ford.com.
SOURCE Ford Motor Company North America
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