21 October 2008 | Jake Kanter
Chrysler has increased its spend with minority suppliers by $900 million (£526 million) since 2006.
The automotive firm spent nearly $5 billion (£2.9 billion) with minority and women-owned businesses in 2007. In recognition of its work in this area it has also been awarded Corporation of the Year by the Michigan Minority Business Development Council.
Meanwhile, Tim Wright, program manager - tools equipment and construction at the company, was voted Minority Business Advocate of the Year for his work on encouraging collaboration with the suppliers.
John Campi, executive vice-president and chief procurement officer for Chrysler, said the awards were a "tremendous honour". He added: "All of our procurement professionals work hard to enable qualified minority and women-owned suppliers to effectively compete for Chrysler business."