GM establishes up to $4.5 billion facility to secure critical parts
Procura will prepay selected suppliers, backed by a bank syndicate led by JPMorgan Chase and Banco Santander
General Motors (GM) has set up a purchasing facility of up to $4.5 billion to prepay selected suppliers and secure rare or critical parts, CNBC reported, citing a public filing by the US-based automaker on Aug. 11.
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