GM sees no downturn for Vitec
It has been three years since General Motors Corp., like other Big Three automakers, committed to do 5% of its business with minority-owned automotive suppliers. The No.1 automaker is keeping that pledge by fostering growth at Vitec, a fuel tank producer that recently celebrated its third anniversary as a minority operation. The company has 250 employees producing 800,000 plastic fuel tanks annually
January 1, 2001
It has been three years since General Motors Corp., like other Big Three automakers, committed to do 5% of its business with minority-owned automotive suppliers. The No.1 automaker is keeping that pledge by fostering growth at Vitec, a fuel tank producer that recently celebrated its third anniversary as a minority operation. The company has 250 employees producing 800,000 plastic fuel tanks annually in a new plant in southwest Detroit's Empowerment Zone. “It is our intention to grow your business,” Bo Andersson, executive in charge of worldwide purchasing at GM, told the company in a luncheon speech. GM is Vitec's biggest customer.
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