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Automakers, suppliers meet with potential vendors

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DETROIT (AP) — Michigan's economic development arm has brought together automakers and 43 suppliers to meet with Michigan companies hoping to do business with them.

The first Detroit Three supplier summit was held Tuesday in Detroit's Cobo Center. The invitation-only event allowed more than 400 suppliers to connect with the automakers and auto suppliers in nearly 800 meetings.

Gov. Rick Snyder says the event was "unprecedented" and the largest Pure Michigan Business Connect summit to date.

Buying teams in the auto industry have committed to finding Michigan suppliers for more than 400 procurement contracts. General Motors, Ford and Chrysler bought $51 billion in materials and services from Michigan-based companies in 2013.

The Michigan Economic Development Corp. hosted similar matchmaking events with Ford and Chrysler last year.

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