Reply #77: GM's minority supplier buys down 8.3% to $6.6B [View All]

[UpInArms]

http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38455.5488120949-834122689&siteID=mktw&scid=0&doctype=806&

SAN FRANCISCO (MarketWatch) -- General Motors (GM) said Wednesday that its 2004 purchases from minority suppliers was down 8.3% to $6.6 billion, from a year ago. The automaker said that its Tier 1 minority spending of $4.2 billion was the same as 2003's, while Tier 2 spending dropped $3 billion to $2.4 billion. GM said that it was the first car maker to establish a supplier diversity program, spending about $51 billion with minority-owned businesses since 1968.