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GM, Ford Speed Up Payments To Small Suppliers Hurt By Shutdowns

May 28, 2020
car manufacturing
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GM, Ford Speed Up Payments To Small Suppliers Hurt By Shutdowns

May 28, 2020
Two of the nation’s largest automakers are paying suppliers upfront to help small cash-strapped suppliers survive shutdowns caused by COVID-19. General Motors Co. and Ford Motor Co. have introduced programs to fast-track payments that typically take up to 60 days to be paid, Reuters reported. The car giants say they are making these payments a […]