A decision by General Motors Co. to speed up parts payments meets a grateful supply base of some 1,700 companies, but it likely will do little to stem a tide of bankruptcies expected to continue in the sector for some months. “It’s positive from the standpoint that anytime you get better payment predictability and earlier payments to level out cash flow, that is going to help a supplier’s internal cash flow, as well as help their bankers better understand their cash flow and their business ...
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