Re: Let's Vent! Here's the post to do just that!
I really fell sorry for GM suppliers who probably have not been paid in months and have to file chapter 11. One does not want to be a supplier for GM as their terms are 90-120 days. One of our daughters, who works for a stamping company, was making hinges for a couple years for GM. Her company notified the buyer that they were being put "Credit Hold." When check is received, we will release shipment. She would have to call the buyer every 60 days if a check was not received. They were with GM 2 years, 2006-07. GM only represented 10% of their business.
GM went back to E.R. Wagner for their hinges that were of poor quality to begin with. It is about making money for GM, not their suppliers. Just some information.
Bought New 14', SLT-1, FWD, Navigation, Ziebart Rust Protected, Mobil 1, 40K Miles
Silver Club #7, SLT-1 Club #37
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