Automakers, Tier 1 companies ask suppliers for parts payment delays as investment costs mount

πŸš—πŸ’° Some automakers and Tier 1 parts companies are seeking payment delays from suppliers as they face rising investment costs in EV and software-related projects. #AutomotiveIndustry #SupplyChain

Some automakers and Tier 1 parts companies, on the hook for billions of dollars in EV and software-related investments, are asking their supply chains for longer payment terms or to defer payments entirely.

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