CNBC·3 min read·medium
GM makes $4.5 billion parts deal to bolster supply chain
M
Michael Wayland
✦AI Summary
General Motors has secured a $4.5 billion supply chain financing deal to prepay suppliers for critical parts. The arrangement uses irrevocable payment undertakings to manage inventory costs and mitigate risks of future supply disruptions.
DETROIT — General Motors has reached a unique, multibillion-dollar parts deal as it aims to preserve cash and prevent supply chain disruptions like ones that have hit the global automotive industry this decade.
businesseconomy
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