Ford Brings Together Suppliers, Small Businesses to Help Grow Michigan Economy Through Matchmaking Summit

Ford Brings Together Suppliers, Small Businesses to Help Grow Michigan Economy
                          Through Matchmaking Summit

PR Newswire

DEARBORN, Mich., March 21, 2013

DEARBORN, Mich., March 21, 2013 /PRNewswire/ --

  oFord is matching 12 of its purchasing teams and 30 of its Tier 1
    purchasing teams with qualified Michigan suppliers, which can help spur
    economic growth and increase jobs in the state
  oFord-hosted matchmaking summit is first of its type for OEMs; Ford has
    successful history of bringing together suppliers and small businesses,
    especially women, minority and veteran-owned businesses
  oA Center for Automotive Research (CAR) study released today finds that
    opportunities for Tier 2 and Tier 3 suppliers in Michigan are growing

Ford is playing matchmaker today with its suppliers and additional small
businesses, aiming to help grow the economy and add jobs in Michigan.

The 2013 Pure Michigan Business Connect Ford Matchmaking Summit, hosted by
Ford and the Michigan Economic Development Corporation (MEDC), in partnership
with the Detroit Regional Chamber, provides an opportunity for Michigan
businesses to help other Michigan businesses grow and be more competitive. 

Ford is bringing 12 of its purchasing teams together with 30 of its Tier 1
purchasing teams to connect them to qualified Michigan suppliers. The company
spent more than $15 billion last year with Michigan suppliers.

"The participation of Ford in Pure Michigan Business Connect opens the door to
millions of dollars per year in additional procurement opportunities that may
not have been previously available to Michigan suppliers," said Michigan Gov.
Rick Snyder. "Furthermore, Ford's agreeing to be the first OEM to host a Pure
Michigan Business Connect Matchmaking Summit brings this commitment to life."

Ford started the process by asking its Tier 1 suppliers what they needed to
source. The MEDC received more than 7,400 responses from nearly 1,000 Michigan
companies interested in participating. From there, event organizers arranged
nearly 700 matchmaking discussions for today.

"Michigan has a wealth of businesses that can help Ford continue growing as a
global automotive leader," said Joe Hinrichs, Ford president of The Americas.
"It is smart business for Ford and for a variety of companies and industries
to tap into the outstanding network we have here in Michigan."

A study released today by the Center for Automotive Research (CAR) finds
opportunities for Tier 2 and Tier 3 suppliers in Michigan are growing and that
this growth can help spur the state's economy and increase jobs.

As an example, CAR examined the impact of the $770 million investment Ford
made in the past two years to convert its Michigan Assembly Plant (MAP) from
building trucks to being the only plant in the world to build vehicles with
five powertrain systems across the Focus and C-MAX vehicle lines. This
investment is core to meeting Ford's global standard for flexible
manufacturing.

When direct and indirect employment is taken into account, MAP influences
nearly 24,000 jobs in Michigan and 48,000 throughout the United States. In
addition, Tier 1 suppliers located in the state account for the single largest
share of MAP's total purchase value, $1.1 billion, or 34 percent of the $3.2
billion total in annual parts purchases annually.

Other matchmaking success stories

The 2013 Pure Michigan Business Connect Ford Matchmaking Summit mirrors
efforts by Ford to engage and match qualified minority, women and
veteran-owned businesses with its business and supplier network. Ford has an
annual goal of sourcing at least 10 percent of U.S. purchases from these types
of businesses and encourages its suppliers to follow suit.

Two success stories from the past year include pairing minority-owned Detroit
Thermal Systems and women-owned Detroit Manufacturing Systems:

  oDetroit Thermal Systems, a joint venture between Valeo and V. Johnson
    Enterprises, a minority-owned supplier, produces climate control systems
    and components for the automotive industry, including supporting current
    product supply commitments to Ford
  oDetroit Manufacturing Systems is a joint venture between Faurecia and Rush
    Group Ltd., part of the Rush Group of companies that includes one of
    Ford's largest minority and women-owned suppliers. Detroit Manufacturing
    Systems provides injection molding, assembly and sequencing of interior
    trim parts

Of the 317 Michigan-based small businesses that were invited for the 2013 Pure
Michigan Business Connect Ford Matchmaking Summit, 103 are minority-owned, 84
are women-owned and 82 are veteran and disabled-veteran-owned.

"The 2013 Pure Michigan Business Connect Ford Matchmaking Summit is a great
opportunity to bring outstanding businesses together for their mutual benefit,
as well as to benefit Michigan's economy," said Tony Brown, Ford group vice
president, Global Purchasing. "Ford is committed to helping further facilitate
the dialogue started today as we all look forward to the significant value
these relationships can bring."

For more information about the CAR study, visit www.cargroup.org. For more
information about MEDC, go to www.michiganadvantage.org/ and the Detroit
Regional Chamber at http://www.detroitchamber.com/.

About Ford Motor Company
Ford Motor Company (NYSE: F), a global automotive industry leader based in
Dearborn, Mich., manufactures or distributes automobiles across six
continents. With about 171,000 employees and 65 plants worldwide, the
company's automotive brands include Ford and Lincoln. The company provides
financial services through Ford Motor Credit Company. For more information
regarding Ford and its products worldwide, please visit
http://corporate.ford.com.

SOURCE Ford Motor Company

Website: http://www.ford.com
Contact: Kristina Adamski, +1-313.323.7809, kadamsk1@ford.com
 
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