The Michigan Hispanic Chamber of Commerce named Chrysler Group LCC, its 2012 “Corporation of the Year,” citing its “outstanding commitment to supplier diversity.”
The Michigan Hispanic Chamber noted Chrysler Group’s particular commitment to Hispanic-suppliers in its supplier diversity efforts.
Take a look at the car maker’s impressive numbers according to a news release announcing the selection:
- Chrysler Group’s supplier diversity goals require that 10 percent of a Tier 1 supplier’s procurement buy is sourced to certified minority suppliers.
- Chrysler Group announced early this year that it spent $2.1 billion with approximately 200 minority suppliers in 2011, representing 8.5 percent of its total annual purchasing.
- Women-owned businesses, which are tracked separately, accounted for $301 million of the Company’s spending. Overall, the Company purchased $31 billion in direct and indirect parts, materials and services in 2011.
- Since 1983, the Company has purchased more than $47 billion from minority-owned suppliers.
Chrysler Group LLC, formed in 2009 to establish a global strategic alliance with Fiat S.p.A., produces Chrysler, Jeep, Dodge, Ram, Mopar, SRT and Fiat vehicles and products.
“Chrysler Group will continue to create opportunities for minority-owned, women-owned and veteran-owned businesses because diversity is in the DNA of our Company. Our goal is a well-developed, diverse supply chain that is inclusive to all,” Kevin L. Bell , Senior Manager, Diversity Supplier Development, Chrysler Group LLC, said in the announcement.
In 2011, the company announced $100,000 in grants from The Chrysler Foundation, the Ram Truck brand and The Chrysler Foundation to the Hispanic Scholarship Fund (HSF). The HSF is the country’s largest provider of college financial aid for Latino students.
The Michigan Hispanic Chamber of Commerce advocates for the state’s 11,000 Hispanic businesses and over 400,000 Latino consumers.
Find out how your diverse company can do business with Chrysler the Chrysler Group Supplier Development Program website.
