Toyota Motor Mfg. North America Inc. announces plans to spend $1 billion dedicated annually with minority suppliers by 2005. The new target represents a significant increase from current levels, Toyota officials say. TMMNA, when it established its minority business program in 1997, set 5% as its minority Tier 1 supplier target by 2002. The auto maker reached that goal a year early and this year hit the 6% mark. The new target set a goal of 7.5% annual minority Tier 1 purchases by 2005 ...

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