GM reaches up to $4.5 billion parts deal designed to avoid supply chain troubles
General Motors has established a multibillion-dollar parts purchasing deal to protect its cash reserves and reduce the risk of future supply chain disruptions. The agreement, worth up to $4.5 billion, involves Procura Auto Parts and financing from a group of banks led by JPMorgan Chase and Banco Santander. The arrangement allows Procura to prepay suppliers for critical parts, while GM agrees to repay the costs … Continue reading GM reaches up to $4.5 billion parts deal designed to avoid supply chain troubles
