On the Dash: GM is taking additional steps to secure critical parts and reduce production disruption risks. The facility allows the automaker to secure parts while delaying payment until they are used in production. Greater parts availability could help protect vehicle production and inventory availability for dealers. General Motors has established a purchasing facility worth up to $4.5 billion with Procura Auto Parts, seeking to help GM secure rare or critical parts and reduce the risk of supply chain disruptions. A bank syndicate led by JPMorgan Chase and Banco Santander will provide funding to prepay select suppliers on GM’s behalf. The filing states that the automaker completed this agreement with…
