Toyota Power of Exchange: Building Opportunities for Diverse Suppliers

In Its Third Year, Event Continues to Cultivate New Partnerships in Texas and Beyond

Dallas, Texas, (Jul. 20, 2017) – More than 600 attendees at the 2017 Toyota Power of Exchange, held Thursday, July 20 at the Fairmont Hotel in Dallas, Texas, had one collective goal in mind: building opportunities.

Power of Exchange helps connect diverse companies – minority and women-owned businesses – with Toyota suppliers in sales, marketing and professional services. Toyota spent more than $3.0 billion with diverse businesses in 2016, and diverse suppliers accounted for over 30 percent of the construction of Toyota’s new headquarters in Plano. Exhibitors at the conference increased nearly 40 percent over last year.

“Toyota Power of Exchange provides a dynamic forum for participants to create meaningful and sustainable partnerships with Toyota’s tier 1 network of suppliers,” said Robert Young, group vice president of purchasing, supplier engineering development and cost planning. “This conference is just one of many ways Toyota is ensuring our supplier base continues to better reflect the diversity of our customers, partners and team members.”

The conference is part of Toyota’s supplier development initiatives, which includes the Toyota Opportunity Exchange taking place in November at the Cobo Center in Detroit, MI. For more information, visit http://toyotasupplierdiversity.com or http://toyotaopportunityexchange.com.

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Toyota Motor North America, Inc. (TMNA), headquartered in Plano, Texas, brings together Toyota’s marketing, sales, engineering and manufacturing arms in North America. It is wholly owned by Toyota Motor Corporation. Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. and North America for 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands. During that time, Toyota has created a tremendous value chain as our teams have contributed to world-class design, engineering, and assembly of more than 33 million cars and trucks in North America, where we operate 14 manufacturing plants (10 in the U.S.) and directly employ more than 46,000 people (more than 36,000 in the U.S.). Our 1,800 North American dealerships (nearly 1,500 in the U.S.) sold almost 2.7 million cars and trucks (2.45 million in the U.S.) in 2016 – and about 85 percent of all Toyota vehicles sold over the past 15 years are still on the road today.

Toyota partners with community, civic, academic, and governmental organizations to address our society’s most pressing mobility challenges. We share company resources and extensive know-how to support non-profits to help expand their ability to assist more people move more places. For more information about Toyota, visit www.toyotanewsroom.com.

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