Gm Plans to Speed Up Payments to Suppliers
Deseret News (Salt Lake City) › September 25, 2009
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Summary
DETROIT (AP) -- General Motors Co. has decided to speed up payments to its parts suppliers to help ease their cash flow problems and ultimately improve relations with the companies, a spokesman said Thursday.
The move is important, industry analysts say, because GM has had strained relations with its suppliers since the 1990s when it continually demanded cost cuts. As a result, suppliers offered new technology first to other automakers that paid better and more frequently, putting GM behind.See the full content of this document
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Gm Plans to Speed Up Payments to Suppliers
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