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Statement by George Herrera, President/CEO Of the United States Hispanic Chamber of Commerce Regarding NAMAD-NAHAD Merger

Statement by George Herrera, President/CEO Of the United States Hispanic Chamber of Commerce Regarding NAMAD-NAHAD Merger

Business Editors/Automotive Writers

WASHINGTON–(BUSINESS WIRE)–Jan. 22, 2003

The United States Hispanic Chamber of Commerce (USHCC) is extremely pleased that the National Association of Minority Automobile Dealers (NAMAD) and the National Association of Hispanic Automobile Dealers (NAHAD) have reached a mutual agreement to work in unity to ensure fairness and diversity in the automobile industry.

We applaud the efforts of NAMAD Chairman H. Steve Harrell, Sr., and NAHAD Chairman Lou Sobh for making this merger happen. Two years ago, with assistance from the USHCC, NAHAD was established to provide a mechanism for equally qualified and experienced Hispanic auto dealers to have their concerns heard and increase representation of Latinos throughout the auto industry, including the opportunity to own foreign and luxury dealerships.

Inclusion and reciprocal participation is better for both of our communities because united we are stronger. The outcome of this merger is a win-win for both organizations and the USHCC will continue to remain supportive as long as Latinos have an equitable seat at the table.

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