HAMILTON, Ont., Canada – Certain Tier 2 suppliers might receive direct payment from General Motors Corp., bucking the tradition of lower-tier suppliers being paid by the customer they supply, for the greater good of a healthy supply chain. Bo Andersson, vice president-worldwide purchasing, says GM has been studying the string of four bankruptcies that recently hit the supply base, hoping to recognize trends in the financials of failed Tier 1s that other suppliers should be avoiding. The ...
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