(May 12, 2011) Ford Motor Company announced today that it exceeded its supplier diversity sourcing goals by purchasing $4.1 billion in goods and services from its tier-one minority- and women-owned business enterprises in 2010.

The increase from $2.7 billion in 2009 reflects higher vehicle production volumes, expanded sourcing to existing suppliers and the addition of several new minority- and women-owned businesses.

In addition, Ford's tier-one suppliers spent $1.29 billion with tier-two minority- and women-owned businesses in 2010, an increase from $1.02 billion in 2009.

"Ford Motor Company takes very seriously its commitment to developing and growing a diverse supply base," said Tony Brown, group vice president, Global Purchasing. "These companies offer a wealth of innovation, and if we are to remain competitive, it is imperative that we connect with the best of the best. Not only does this strengthen our supply network, it creates jobs and economic growth for the communities that we serve."

The $4.1 billion spent in 2010 surpasses Ford's annual goal of sourcing more than 10 percent of its U.S. production and non-production business with diverse suppliers.