News Column

USHCC Gives Toyota a Nod for Supplier Diversity

August 4, 2014

Staff Reports --

2014 Toyota Corolla (photo: Toyota Motor Sales USA)
2014 Toyota Corolla (photo: Toyota Motor Sales USA)

WASHINGTON, Aug. 4 -- The United States Hispanic Chamber of Commerce has given Toyota a thumbs-up for its commitment to supplier diversity.

The automaker's investments with Hispanic enterprises have advanced it to the highest level of the chamber's Million Dollar Club rankings (over $500 million) in 2013, according to a news release.

The Million Dollar Club honors corporations that demonstrate an ongoing commitment to supplier diversity. The honorees each annually conduct $25 million-$500 million or more in business with U.S. Hispanic-owned firms.

"Toyota understands that supplier diversity is not only the right thing to do, but ... is a profitable business practice that brings them closer to their customers, investors and employees," Javier Palomarez, USHCC president and CEO, said in the release. "It's because of these investments that Toyota continues to stay highly competitive on a global scale."

Toyota has been the No. 1 car brand among Hispanics for 10 years running, which the chamber chalks up in part to its robust supplier diversity programs.

Related: Sales Stay Solid for Top Hispanic Auto Dealers

"As a longstanding partner of Toyota, the USHCC has been privileged to witness the benefits of its steadfast commitment to supplier diversity," said USHCC Chairman Marc Rodriguez. "The beneficiary of these collaborations is more than any individual community, but rather our nation as a whole."

For more information on diversity and inclusion at Toyota, click here..

Founded in 1979, the USHCC advocates on behalf of 3.2 million Hispanic-owned businesses, which together contribute more than $468 billion to the U.S. economy each year, according to the release.

For more coverage on the automotive industry, please see HispanicBusiness' Auto Channel

Source: (c) 2014. All rights reserved.

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