Automotive - In Response To Supplier Concerns, GM Announces Revisions To Its 2013 Terms and Conditions

Wednesday, February 12, 2014

February 12, 2014

In this issue:

Supplier Alert: In Response To Supplier Concerns, GM Announces Revisions To Its 2013 Terms and Conditions

On February 11, 2014, General Motors announced that it was modifying its "General Terms and Conditions" that had been rolled out in June 2013 ("Revised New Terms"). The Revised New Terms address several, but not all, of the concerns that many suppliers had with the 2013 terms. The Revised New Terms modify or eliminate some of the most controversial elements of the 2013 terms.

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